During the last session, Annexon Inc (NASDAQ:ANNX)’s traded shares were 2.6 million, with the beta value of the company hitting 1.25. At the end of the trading day, the stock’s price was $6.93, reflecting an intraday loss of -0.86% or -$0.06. The 52-week high for the ANNX share is $8.40, that puts it down -21.21 from that peak though still a striking 77.34% gain since the share price plummeted to a 52-week low of $1.57. The company’s market capitalization is $732.15M, and the average intraday trading volume over the past 10 days was 1.16 million shares, and the average trade volume was 1.40 million shares over the past three months.
Annexon Inc (ANNX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. ANNX has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.26.
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Annexon Inc (NASDAQ:ANNX) trade information
Annexon Inc (ANNX) registered a -0.86% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.86% in intraday trading to $6.93, hitting a weekly high. The stock’s 5-day price performance is 12.14%, and it has moved by 15.89% in 30 days. Based on these gigs, the overall price performance for the year is 164.50%. The short interest in Annexon Inc (NASDAQ:ANNX) is 7.04 million shares and it means that shorts have 7.09 day(s) to cover.
The consensus price target of analysts on Wall Street is $14, which implies an increase of 50.5% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $14 and $14 respectively. As a result, ANNX is trading at a discount of -102.02% off the target high and -102.02% off the low.
Annexon Inc (ANNX) estimates and forecasts
Statistics show that Annexon Inc has outperformed its competitors in share price, compared to the industry in which it operates. Annexon Inc (ANNX) shares have gone up 13.98% during the last six months, with a year-to-date growth rate more than the industry average at 45.20% against 17.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 39.50% this quarter and then jump 22.20% in the quarter after that.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -29.69%. While earnings are projected to return 44.78% in 2024, the next five years will return 38.60% per annum.
ANNX Dividends
Annexon Inc is due to release its next quarterly earnings in October. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Annexon Inc (NASDAQ:ANNX)’s Major holders
Annexon Inc insiders own 0.39% of total outstanding shares while institutional holders control 104.08%, with the float percentage being 104.49%. BAIN CAPITAL LIFE SCIENCES INVESTORS, LLC is the largest shareholder of the company, while 183.0 institutions own stock in it. As of 2024-06-30, the company held over 8.45 million shares (or 6.8876% of all shares), a total value of $41.4 million in shares.
The next largest institutional holding, with 8.3 million shares, is of FMR LLC’s that is approximately 6.7657% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $40.67 million.
