In the last trading session, 3.03 million Annexon Inc (NASDAQ:ANNX) shares changed hands as the company’s beta touched 1.23. With the company’s per share price at $1.63 changed hands at -$0.06 or -3.55% during last session, the market valuation stood at $178.83M. ANNX’s last price was a discount, traded about -381.6% off its 52-week high of $7.85. The share price had its 52-week low at $1.66, which suggests the last value was -1.84% down since then. When we look at Annexon Inc’s average trading volume, we note the 10-day average is 2.27 million shares, with the 3-month average coming to 1.55 million.
Analysts gave the Annexon Inc (ANNX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ANNX as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight.
Annexon Inc (NASDAQ:ANNX) trade information
Instantly ANNX was in red as seen at the end of in last trading. With action -15.54%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -68.23%, with the 5-day performance at -15.54% in the red. However, in the 30-day time frame, Annexon Inc (NASDAQ:ANNX) is -40.94% down. Looking at the short shares, we see there were 11.12 million shares sold at short interest cover period of 10.9 days.
The consensus price target for the stock as assigned by Wall Street analysts is 14, meaning bulls need an upside of 88.36% from its current market value. According to analyst projections, ANNX’s forecast low is 14 with 14 as the target high. To hit the forecast high, the stock’s price needs a -758.9% plunge from its current level, while the stock would need to soar -758.9% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -0.09%. The 2025 estimates are for Annexon Inc earnings to decrease by -24.46%, but the outlook for the next 5-year period is at 10.70% per year.
ANNX Dividends
Annexon Inc is expected to release its next quarterly earnings report on 2025-Mar-02.
Annexon Inc (NASDAQ:ANNX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.58% of Annexon Inc shares while 107.02% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 107.64%. There are 107.02% institutions holding the Annexon Inc stock share, with BAIN CAPITAL LIFE SCIENCES INVESTORS, LLC the top institutional holder. As of 2024-06-30, the company held 6.4928% of the shares, roughly 8.45 million ANNX shares worth $41.4 million.
FMR LLC holds the second largest percentage of outstanding shares, with 6.3779% or 8.3 million shares worth $40.67 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Fidelity Mt. Vernon Street Trust-Fidelity Growth Company Fund . With 3.01 shares estimated at $4.91 million under it, the former controlled 2.74% of total outstanding shares. On the other hand, Fidelity Mt. Vernon Street Trust-Fidelity Growth Company Fund held about 2.72% of the shares, roughly 2.98 shares worth around $4.86 million.
