Annexon Inc. [NASDAQ: ANNX] closed the trading session at $22.50 on 09/18/20. The day’s price range saw the stock hit a low of $21.25, while the highest price level was $24.52. The company report on September 8, 2020 that Annexon Biosciences Reports Second Quarter 2020 Financial Results and Recent Highlights.
– Completed $263M IPO in July, and private financing in late June –.
– Company plans to initiate four new clinical trials by year-end, including in three expanded indications for ANX005 and first-in-human trial of ANX009 – .
If compared to the average trading volume of 310.17K shares, ANNX reached to a volume of 2536801 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Annexon Inc. [ANNX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ANNX shares is $33.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ANNX stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Annexon Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on August 18, 2020. The new note on the price target was released on August 18, 2020, representing the official price target for Annexon Inc. stock. Previously, the target price had yet another raise to $33, while BofA Securities analysts kept a Buy rating on ANNX stock.
The Average True Range (ATR) for Annexon Inc. is set at 2.60
ANNX stock trade performance evaluation
Annexon Inc. [ANNX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.27.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum.
Annexon Inc. [ANNX]: An insightful look at the core fundamentals
Return on Total Capital for ANNX is now -75.14, given the latest momentum, and Return on Invested Capital for the company is -85.92.
Reflecting on the efficiency of the workforce at the company, Annexon Inc. [ANNX] managed to generate an average of -$1,549,292 per employee.Annexon Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 9.90 and a Current Ratio set at 9.90.
Earnings per share (EPS) analysis for Annexon Inc. [ANNX] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ANNX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Annexon Inc. go to 38.60%.