Annexon Inc (NASDAQ:ANNX) has a beta value of 1.23 and has seen 5.01 million shares traded in the last trading session. The company, currently valued at $765.99M, closed the last trade at $7.25 per share which meant it gained $0.16 on the day or 2.26% during that session. The ANNX stock price is -15.86% off its 52-week high price of $8.40 and 71.72% above the 52-week low of $2.05. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.86 million shares traded. The 3-month trading volume is 1.19 million shares.
The consensus among analysts is that Annexon Inc (ANNX) 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. 0 out of 5 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.26.
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Annexon Inc (NASDAQ:ANNX) trade information
Sporting 2.26% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ANNX stock price touched $7.25 or saw a rise of 4.86%. Year-to-date, Annexon Inc shares have moved 59.69%, while the 5-day performance has seen it change -4.23%. Over the past 30 days, the shares of Annexon Inc (NASDAQ:ANNX) have changed 18.08%. Short interest in the company has seen 8.92 million shares shorted with days to cover at 5.26.
Wall Street analysts have a consensus price target for the stock at $14, which means that the shares’ value could jump 48.21% from current levels. The projected low price target is $14.0 while the price target rests at a high of $14.0. In that case, then, we find that the current price level is -93.1% off the targeted high while a plunge would see the stock gain -93.1% from current levels.
Annexon Inc (ANNX) estimates and forecasts
Figures show that Annexon Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 53.28% over the past 6 months, with this year growth rate of 45.20%, compared to 17.30% 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 -29.69% over the past 5 years. Earnings growth for 2024 is a modest 44.76% while over the next 5 years, the company’s earnings are expected to increase by 38.60%.
ANNX Dividends
Annexon Inc 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.
Annexon Inc (NASDAQ:ANNX)’s Major holders
Insiders own 0.50% of the company shares, while shares held by institutions stand at 104.58% with a share float percentage of 105.11%. Investors are also buoyed by the number of investors in a company, with Annexon Inc having a total of 189.0 institutions that hold shares in the company. The top two institutional holders are BAIN CAPITAL LIFE SCIENCES INVESTORS, LLC with over 8.45 million shares worth more than $41.4 million. As of 2024-06-30, BAIN CAPITAL LIFE SCIENCES INVESTORS, LLC held 6.8876% of shares outstanding.
The other major institutional holder is FMR LLC, with the holding of over 8.3 million shares as of 2024-06-30. The firm’s total holdings are worth over $40.67 million and represent 6.7657% of shares outstanding.
