Annexon Inc (NASDAQ: ANNX): The Stock To Bet On For Economic Progress In The Months Ahead

In the last trading session, 1.15 million shares of the Annexon Inc (NASDAQ:ANNX) were traded, and its beta was 1.31. Most recently the company’s share price was $4.56, and it changed around $0.12 or 2.70% from the last close, which brings the market valuation of the company to $479.21M. ANNX currently trades at a discount to its 52-week high of $8.40, offering almost -84.21% off that amount. The share price’s 52-week low was $1.57, which indicates that the current value has risen by an impressive 65.57% since then. We note from Annexon Inc’s average daily trading volume that its 3-month average coming to 1.56 million.

Annexon Inc (NASDAQ:ANNX) trade information

Instantly ANNX has showed a green trend with a performance of 2.70% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently up 0.44% year-to-date, but still down -23.75% over the last five days. On the other hand, Annexon Inc (NASDAQ:ANNX) is -22.58% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $12, which translates to bulls needing to increase their stock price by 62.0% from its current value. Analyst projections state that ANNX is forecast to be at a low of $12 and a high of $12.

Annexon Inc (ANNX) estimates and forecasts

Annexon Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 165.12 percent over the past six months and at a 23.16% annual growth rate that is well above the industry average of 13.30%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -29.69%. Annexon Inc earnings are expected to increase by 13.88% in 2024, but the outlook is positive 38.60% per year for the next five years.

ANNX Dividends

Annexon Inc’s next quarterly earnings report is expected to be released in May.