In the latest trading session, 0.5 million shares of the Annexon Inc (NASDAQ:ANNX) were traded, and its beta was 1.24. Most recently the company’s share price was $7.08, and it changed around -$0.12 or -1.67% from the last close, which brings the market valuation of the company to $748.00M. ANNX currently trades at a discount to its 52-week high of $8.40, offering almost -18.64% off that amount. The share price’s 52-week low was $1.57, which indicates that the current value has risen by an impressive 77.82% since then. We note from Annexon Inc’s average daily trading volume that its 10-day average is 0.83 million shares, with the 3-month average coming to 1.40 million.
Annexon Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended ANNX as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Annexon Inc is expected to report earnings per share of -0.26 for the current quarter.
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Annexon Inc (NASDAQ:ANNX) trade information
Instantly ANNX has showed a red trend with a performance of -1.67% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 7.31 on recent trading dayincreased the stock’s daily price by 3.15%. The company’s shares are currently up 55.95% year-to-date, but still up 13.83% over the last five days. On the other hand, Annexon Inc (NASDAQ:ANNX) is 18.39% up in the 30-day period. We can see from the shorts that 7.04 million shares have been sold at a short interest cover period of 7.09 day(s).
The consensus price target as assigned by Wall Street analysts is $14, which translates to bulls needing to increase their stock price by 49.43% from its current value. Analyst projections state that ANNX is forecast to be at a low of $14 and a high of $14.
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 5.83 percent over the past six months and at a 45.20% annual growth rate that is well above the industry average of 17.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 39.50% in revenue this quarter, and will report an increase of 22.20% in the next quarter.
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 44.78% 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 on 2024-Nov-11.
Annexon Inc (NASDAQ:ANNX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.39% of Annexon Inc shares, and 104.12% of them are in the hands of institutional investors. The stock currently has a share float of 104.53%. Annexon Inc stock is held by 184.0 institutions, with BAIN CAPITAL LIFE SCIENCES INVESTORS, LLC being the largest institutional investor. By 2024-06-30, it held 6.8876% of the shares, which is about 8.45 million shares worth $41.4 million.
FMR LLC, with 6.7657% or 8.3 million shares worth $40.67 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
