Anavex Life Sciences Corporation (NASDAQ:AVXL) has a beta value of 0.63 and has seen 2.16 million shares traded in the last trading session. The company, currently valued at $639.11M, closed the last trade at $7.30 per share which meant it gained $0.46 on the day or 6.80% during that session. The AVXL stock price is -43.15% off its 52-week high price of $10.45 and 55.48% above the 52-week low of $3.25. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.25 million shares traded. The 3-month trading volume is 770.91K shares.
The consensus among analysts is that Anavex Life Sciences Corporation (AVXL) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 6 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.16.
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Anavex Life Sciences Corporation (NASDAQ:AVXL) trade information
Sporting 6.80% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the AVXL stock price touched $7.30 or saw a rise of 1.88%. Year-to-date, Anavex Life Sciences Corporation shares have moved -21.59%, while the 5-day performance has seen it change 26.30%. Over the past 30 days, the shares of Anavex Life Sciences Corporation (NASDAQ:AVXL) have changed 30.47%. Short interest in the company has seen 17.91 million shares shorted with days to cover at 28.27.
Wall Street analysts have a consensus price target for the stock at $11, which means that the shares’ value could jump 33.64% from current levels. The projected low price target is $11.0 while the price target rests at a high of $11.0. In that case, then, we find that the current price level is -50.68% off the targeted high while a plunge would see the stock gain -50.68% from current levels.
Anavex Life Sciences Corporation (AVXL) estimates and forecasts
Figures show that Anavex Life Sciences Corporation shares have underperformed across the wider relevant industry. The company’s shares have gained 90.10% over the past 6 months, with this year growth rate of 8.33%, compared to 17.50% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -9.03% over the past 5 years.
AVXL Dividends
Anavex Life Sciences Corporation is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Anavex Life Sciences Corporation (NASDAQ:AVXL)’s Major holders
Insiders own 3.05% of the company shares, while shares held by institutions stand at 32.01% with a share float percentage of 33.02%. Investors are also buoyed by the number of investors in a company, with Anavex Life Sciences Corporation having a total of 187.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 6.39 million shares worth more than $26.97 million. As of 2024-06-30, BLACKROCK INC. held 7.7506% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 4.55 million shares as of 2024-06-30. The firm’s total holdings are worth over $19.19 million and represent 5.5154% of shares outstanding.
