Annexon Inc (NASDAQ:ANNX)’s traded shares stood at 0.66 million during the last session, with the company’s beta value hitting 1.27. At the close of trading, the stock’s price was $6.29, to imply an increase of 1.29% or $0.08 in intraday trading. The ANNX share’s 52-week high remains $8.40, putting it -33.55% down since that peak but still an impressive 75.04% since price per share fell to its 52-week low of $1.57. The company has a valuation of $664.54M, with an average of 1.88 million shares in intraday trading volume over the past 10 days and average of 1.33 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Annexon Inc (ANNX), translating to a mean rating of 1.00. Of 5 analyst(s) looking at the stock, 0 analyst(s) give ANNX a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.26.
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Annexon Inc (NASDAQ:ANNX) trade information
After registering a 1.29% upside in the last session, Annexon Inc (ANNX) has traded red over the past five days. The 5-day price performance for the stock is 2.44%, and 8.08% over 30 days. With these gigs, the year-to-date price performance is 38.55%. Short interest in Annexon Inc (NASDAQ:ANNX) saw shorts transact 6.89 million shares and set a 7.35 days time to cover.
The extremes give us $14 and $14 for target low and target high price respectively. As such, ANNX has been trading -122.58% off suggested target high and -122.58% from its likely low.
Annexon Inc (ANNX) estimates and forecasts
Looking at statistics comparing Annexon Inc share performance against respective industry, we note that the company has outperformed competitors. Annexon Inc (ANNX) shares are 1.62% up over the last 6 months, with its year-to-date growth rate higher than industry average at 45.20% against 17.60%. Revenue is forecast to grow 39.50% this quarter before jumping 22.20% for the next one.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -29.69% for the past 5-year period. While 2024 is set for a 44.78% return in earnings, projections for the next 5 years are at 38.60% annually.
ANNX Dividends
Annexon Inc has its next earnings report out on 2024-Nov-11. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Annexon Inc (NASDAQ:ANNX)’s Major holders
Annexon Inc insiders hold 0.39% of total outstanding shares, with institutional holders owning 104.30% of the shares at 104.71% float percentage. In total, 104.30% institutions holds shares in the company, led by BAIN CAPITAL LIFE SCIENCES INVESTORS, LLC. As of 2024-06-30, the company held over 8.45 million shares (or 6.8876% of shares), all amounting to roughly $41.4 million.
The next major institution holding the largest number of shares is FMR LLC with 8.3 million shares, or about 6.7657% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $40.67 million.
