In last trading session, Annexon Inc (NASDAQ:ANNX) saw 0.76 million shares changing hands with its beta currently measuring 1.12. Company’s recent per share price level of $5.67 trading at $0.33 or 6.18% at ring of the bell on the day assigns it a market valuation of $604.39M. That closing price of ANNX’s stock is at a discount of -48.15% from its 52-week high price of $8.40 and is indicating a premium of 59.96% from its 52-week low price of $2.27. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.57 million shares which gives us an average trading volume of 1.36 million if we extend that period to 3-months.
For Annexon Inc (ANNX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.29 in the current quarter.
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Annexon Inc (NASDAQ:ANNX) trade information
Upright in the green during last session for gaining 6.18%, in the last five days ANNX remained trading in the green while hitting it’s week-highest on Wednesday, 11/27/24 when the stock touched $5.67 price level, subtracting -3.09% to its value on the day. Annexon Inc’s shares saw a change of 24.89% in year-to-date performance and have moved 9.67% in past 5-day. Annexon Inc (NASDAQ:ANNX) showed a performance of -24.80% in past 30-days. Number of shares sold short was 7.77 million shares which calculate 6.77 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 14 to the stock, which implies a rise of 59.5% to its current value. Analysts have been projecting 14 as a low price target for the stock while placing it at a high target of 14. It follows that stock’s current price would drop -146.91% in reaching the projected high whereas dropping to the targeted low would mean a loss of -146.91% for stock’s current value.
Annexon Inc (ANNX) estimates and forecasts
Statistics highlight that Annexon Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 17.39% of value to its shares in past 6 months, showing an annual growth rate of 45.76% while that of industry is 17.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -29.69% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 46.12% while estimates for its earnings growth in next 5 years are of 38.60%.
Annexon Inc (NASDAQ:ANNX)’s Major holders
Insiders are in possession of 0.50% of company’s total shares while institution are holding 106.10 percent of that, with stock having share float percentage of 106.63%. Investors also watch the number of corporate investors in a company very closely, which is 106.10% institutions for Annexon Inc that are currently holding shares of the company. BAIN CAPITAL LIFE SCIENCES INVESTORS, LLC is the top institutional holder at ANNX for having 8.45 million shares of worth $41.4 million. And as of 2024-06-30, it was holding 6.8876 of the company’s outstanding shares.
The second largest institutional holder is FMR LLC, which was holding about 8.3 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.7657 of outstanding shares, having a total worth of $40.67 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 2.83 shares of worth $15.25 million or 2.65% of the total outstanding shares. The later fund manager was in possession of 2.26 shares on Aug 31, 2024 , making its stake of worth around $12.19 million in the company or a holder of 2.12% of company’s stock.
