The stock of Annexon Inc (NASDAQ: ANNX) has decreased by -3.00 when compared to last closing price of 6.33.Despite this, the company has seen a loss of -15.08% in its stock price over the last five trading days. globenewswire.com reported 2024-11-14 that Topline Real-World Evidence (RWE) Comparability and Outcomes Data for ANX005 in Guillain-Barré Syndrome (GBS) Expected by Year-End 2024; Biologics License Application (BLA) Submission Targeted for First Half 2025
Is It Worth Investing in Annexon Inc (NASDAQ: ANNX) Right Now?
Additionally, the 36-month beta value for ANNX is 1.18. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 3 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for ANNX is 83.86M and currently, short sellers hold a 9.27% ratio of that float. The average trading volume of ANNX on November 15, 2024 was 1.29M shares.
ANNX’s Market Performance
ANNX stock saw a decrease of -15.08% in the past week, with a monthly decline of -19.53% and a quarterly a decrease of 2.68%. The volatility ratio for the week is 5.05%, and the volatility levels for the last 30 days are 4.28% for Annexon Inc (ANNX). The simple moving average for the past 20 days is -14.43% for ANNX’s stock, with a 5.53% simple moving average for the past 200 days.
Analysts’ Opinion of ANNX
Many brokerage firms have already submitted their reports for ANNX stocks, with JP Morgan repeating the rating for ANNX by listing it as a “Overweight.” The predicted price for ANNX in the upcoming period, according to JP Morgan is $11 based on the research report published on March 01, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see ANNX reach a price target of $6, previously predicting the price at $4. The rating they have provided for ANNX stocks is “Buy” according to the report published on December 21st, 2023.
Wells Fargo gave a rating of “Overweight” to ANNX, setting the target price at $11 in the report published on October 30th of the previous year.
ANNX Trading at -11.14% from the 50-Day Moving Average
After a stumble in the market that brought ANNX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.90% of loss for the given period.
Volatility was left at 4.28%, however, over the last 30 days, the volatility rate increased by 5.05%, as shares sank -16.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.43% upper at present.
During the last 5 trading sessions, ANNX fell by -13.76%, which changed the moving average for the period of 200-days by +47.05% in comparison to the 20-day moving average, which settled at $7.18. In addition, Annexon Inc saw 35.24% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ANNX starting from Yednock Ted, who sale 5,408 shares at the price of $7.41 back on Oct 15 ’24. After this action, Yednock Ted now owns 71,365 shares of Annexon Inc, valued at $40,073 using the latest closing price.
Yednock Ted, the Officer of Annexon Inc, proposed sale 5,408 shares at $7.41 during a trade that took place back on Oct 15 ’24, which means that Yednock Ted is holding shares at $40,073 based on the most recent closing price.
Stock Fundamentals for ANNX
Current profitability levels for the company are sitting at:
- -26.09 for the present operating margin
- 0.31 for the gross margin
The net margin for Annexon Inc stands at -23.67. The total capital return value is set at -0.33. Equity return is now at value -42.20, with -36.04 for asset returns.
Based on Annexon Inc (ANNX), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -43.39. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -40.92.
Currently, EBITDA for the company is -141.57 million with net debt to EBITDA at 1.02. When we switch over and look at the enterprise to sales, we see a ratio of 106.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 21.81.
Conclusion
In conclusion, Annexon Inc (ANNX) 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’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
