This Is A Time To Build A Position In Anavex Life Sciences Corporation (NASDAQ: AVXL)

Anavex Life Sciences Corporation (NASDAQ:AVXL)’s traded shares stood at 0.41 million during the last session, with the company’s beta value hitting 0.63. At the close of trading, the stock’s price was $5.59, to imply a decrease of -0.09% or -$0.01 in intraday trading. The AVXL share’s 52-week high remains $10.45, putting it -86.94% down since that peak but still an impressive 41.86% since price per share fell to its 52-week low of $3.25. The company has a valuation of $474.46M, with an average of 0.66 million shares in intraday trading volume over the past 10 days and average of 922.16K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Anavex Life Sciences Corporation (AVXL), translating to a mean rating of 1.00. Of 6 analyst(s) looking at the stock, 0 analyst(s) give AVXL a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 4 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 -0.16.

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Anavex Life Sciences Corporation (NASDAQ:AVXL) trade information

After registering a -0.09% downside in the last session, Anavex Life Sciences Corporation (AVXL) has traded red over the past five days. The 5-day price performance for the stock is -1.50%, and 0.63% over 30 days. With these gigs, the year-to-date price performance is -39.90%. Short interest in Anavex Life Sciences Corporation (NASDAQ:AVXL) saw shorts transact 19.61 million shares and set a 29.99 days time to cover.

The extremes give us $11 and $11 for target low and target high price respectively. As such, AVXL has been trading -96.78% off suggested target high and -96.78% from its likely low.

Anavex Life Sciences Corporation (AVXL) estimates and forecasts

Looking at statistics comparing Anavex Life Sciences Corporation share performance against respective industry, we note that the company has underperformed competitors. Anavex Life Sciences Corporation (AVXL) shares are 26.58% up over the last 6 months, with its year-to-date growth rate lower than industry average at 8.33% against 17.60%. Revenue is forecast to shrink -33.30% this quarter before falling -72.70% for the next one.

AVXL Dividends

Anavex Life Sciences Corporation has its next earnings report out on 2024-Nov-25. 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.

Anavex Life Sciences Corporation (NASDAQ:AVXL)’s Major holders

Anavex Life Sciences Corporation insiders hold 3.05% of total outstanding shares, with institutional holders owning 31.85% of the shares at 32.85% float percentage. In total, 31.85% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 6.39 million shares (or 7.7506% of shares), all amounting to roughly $26.97 million.

The next major institution holding the largest number of shares is VANGUARD GROUP INC with 4.55 million shares, or about 5.5154% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $19.19 million.