During the last session, Anixa Biosciences Inc (NASDAQ:ANIX)’s traded shares were 0.63 million, with the beta value of the company hitting 0.82. At the end of the trading day, the stock’s price was $3.20, reflecting an intraday gain of 4.58% or $0.14. The 52-week high for the ANIX share is $5.13, that puts it down -60.31 from that peak though still a striking 33.12% gain since the share price plummeted to a 52-week low of $2.14. The company’s market capitalization is $102.98M, and the average intraday trading volume over the past 10 days was 0.14 million shares, and the average trade volume was 75.43K shares over the past three months.
Anixa Biosciences Inc (ANIX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. ANIX has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 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 -0.11.
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Anixa Biosciences Inc (NASDAQ:ANIX) trade information
Anixa Biosciences Inc (ANIX) registered a 4.58% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.58% in intraday trading to $3.20, hitting a weekly high. The stock’s 5-day price performance is 3.90%, and it has moved by 1.59% in 30 days. Based on these gigs, the overall price performance for the year is 11.89%. The short interest in Anixa Biosciences Inc (NASDAQ:ANIX) is 0.42 million shares and it means that shorts have 5.34 day(s) to cover.
The consensus price target of analysts on Wall Street is $7.5, which implies an increase of 57.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7 and $8 respectively. As a result, ANIX is trading at a discount of -150.0% off the target high and -118.75% off the low.
Anixa Biosciences Inc (ANIX) estimates and forecasts
Statistics show that Anixa Biosciences Inc has underperformed its competitors in share price, compared to the industry in which it operates. Anixa Biosciences Inc (ANIX) shares have gone up 32.51% during the last six months, with a year-to-date growth rate less than the industry average at -31.25% against 17.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -22.22% this quarter and then drop -10.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -100.00% compared to the previous financial year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 16.79%. While earnings are projected to return -23.44% in 2024.
ANIX Dividends
Anixa Biosciences Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Anixa Biosciences Inc (NASDAQ:ANIX)’s Major holders
Anixa Biosciences Inc insiders own 5.05% of total outstanding shares while institutional holders control 17.46%, with the float percentage being 18.39%. VANGUARD GROUP INC is the largest shareholder of the company, while 64.0 institutions own stock in it. As of 2024-06-30, the company held over 1.39 million shares (or 4.3646% of all shares), a total value of $3.08 million in shares.
The next largest institutional holding, with 0.74 million shares, is of D.A. DAVIDSON & CO.’s that is approximately 2.3075% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.63 million.
Also, the Mutual Funds coming in first place with the largest holdings of Anixa Biosciences Inc (ANIX) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 927.84 shares. This amounts to just over 2.88 percent of the company’s overall shares, with a $2.97 million market value. The same data shows that the other fund manager holds slightly less at 420.66, or about 1.31% of the stock, which is worth about $1.35 million.
