The stock of Anavex Life Sciences Corporation (AVXL) has gone up by 20.47% for the week, with a 65.97% rise in the past month and a 106.98% rise in the past quarter. The volatility ratio for the week is 9.89%, and the volatility levels for the past 30 days are 7.38% for AVXL. The simple moving average for the past 20 days is 34.25% for AVXL’s stock, with a 29.92% simple moving average for the past 200 days.
Is It Worth Investing in Anavex Life Sciences Corporation (NASDAQ: AVXL) Right Now?
Additionally, the 36-month beta value for AVXL is 0.59. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for AVXL is 82.05M and currently, short sellers hold a 22.48% ratio of that float. The average trading volume of AVXL on July 29, 2024 was 1.15M shares.
AVXL) stock’s latest price update
Anavex Life Sciences Corporation (NASDAQ: AVXL)’s stock price has plunge by 5.64relation to previous closing price of 6.74. Nevertheless, the company has seen a 20.47% surge in its stock price over the last five trading sessions. globenewswire.com reported 2024-07-28 that Oral, once daily blarcamesine significantly slowed clinical decline for early Alzheimer’s disease patients with good comparative safety profile and no associated neuroimaging adverse events
Analysts’ Opinion of AVXL
Many brokerage firms have already submitted their reports for AVXL stocks, with Cantor Fitzgerald repeating the rating for AVXL by listing it as a “Neutral.” The predicted price for AVXL in the upcoming period, according to Cantor Fitzgerald is $11 based on the research report published on December 06, 2022 of the previous year 2022.
Berenberg, on the other hand, stated in their research note that they expect to see AVXL reach a price target of $40. The rating they have provided for AVXL stocks is “Buy” according to the report published on June 23rd, 2022.
BTIG Research gave a rating of “Buy” to AVXL, setting the target price at $35 in the report published on September 23rd of the previous year.
AVXL Trading at 56.01% from the 50-Day Moving Average
After a stumble in the market that brought AVXL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.87% of loss for the given period.
Volatility was left at 7.38%, however, over the last 30 days, the volatility rate increased by 9.89%, as shares surge +70.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +59.91% upper at present.
During the last 5 trading sessions, AVXL rose by +21.49%, which changed the moving average for the period of 200-days by +13.61% in comparison to the 20-day moving average, which settled at $5.45. In addition, Anavex Life Sciences Corporation saw -23.52% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AVXL starting from Donhauser Peter D.O., who purchase 2,835 shares at the price of $3.64 back on Jun 14 ’24. After this action, Donhauser Peter D.O. now owns 5,000 shares of Anavex Life Sciences Corporation, valued at $10,319 using the latest closing price.
Thomas Steffen, the Director of Anavex Life Sciences Corporation, purchase 5,000 shares at $4.52 during a trade that took place back on May 15 ’24, which means that Thomas Steffen is holding 5,000 shares at $22,600 based on the most recent closing price.
Stock Fundamentals for AVXL
The total capital return value is set at -0.35. Equity return is now at value -28.96, with -26.71 for asset returns.
Based on Anavex Life Sciences Corporation (AVXL), the company’s capital structure generated -0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 35.42. The debt to equity ratio resting at -0.01. The interest coverage ratio of the stock is 137322.34.
Currently, EBITDA for the company is -47.5 million with net debt to EBITDA at 3.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 15.12.
Conclusion
In conclusion, Anavex Life Sciences Corporation (AVXL) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
