Annexon Inc [NASDAQ: ANNX] price surged by 26.87 percent to reach at $0.86.
A sum of 10558955 shares traded at recent session while its average daily volume was at 2.00M shares. Annexon Inc shares reached a high of $4.2 and dropped to a low of $3.5 until finishing in the latest session at $4.06.
The one-year ANNX stock forecast points to a potential upside of 71.0. The average equity rating for ANNX stock is currently 1.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $14.00 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 1.00. 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 March 01, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price from $4 to $6. The new note on the price target was released on December 21, 2023, representing the official price target for Annexon Inc stock. Previously, the target price had yet another raise to $11, while Wells Fargo analysts kept a Overweight rating on ANNX stock. On May 26, 2023, analysts decreased their price target for ANNX shares from 8 to 3.
The Price to Book ratio for the last quarter was 2.90, with the Price to Cash per share for the same quarter was set at 1.30.
ANNX Stock Performance Analysis:
Annexon Inc [ANNX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 42.96. With this latest performance, ANNX shares gained by 29.71% in over the last four-week period, additionally plugging by 106.09% over the last 6 months – not to mention a drop of -20.86% in the past year of trading.
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. The current RSI for ANNX stock in for the last two-week period is set at 71.40, with the RSI for the last a single of trading hit 0.35, and the three-weeks RSI is set at 0.28 for Annexon Inc [ANNX]. The present Moving Average for the last 50 days of trading for this stock 3.02, while it was recorded at 3.13 for the last single week of trading, and 2.49 for the last 200 days.
Annexon Inc (ANNX) Capital Structure & Debt Analysis
According to recent financial data for Annexon Inc. ( ANNX), the Return on Equity (ROE) stands at -83.99%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -68.11%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Annexon Inc’s Return on Invested Capital (ROIC) is -112.57%, showcasing its effectiveness in deploying capital for earnings.
Annexon Inc (ANNX) Efficiency & Liquidity Metrics
Based on Annexon Inc’s (ANNX) latest financial statements, the Debt-to-Equity Ratio is 0.17%, indicating its reliance on debt financing relative to shareholder equity.
Annexon Inc (ANNX) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Annexon Inc. (ANNX) effectively leverages its workforce, generating an average of -$2088800.0 per employee. The company’s liquidity position is robust, with a Current Ratio of 4.42% and a Quick Ratio of 4.42%, indicating strong ability to cover short-term liabilities.
ANNX Stock EPS
With the latest financial reports released by the company, Annexon Inc posted -0.33/share EPS, while the average EPS was predicted by analysts to be reported at -0.29/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.04. 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 5.95%.
Annexon Inc [ANNX] Institutonal Ownership Details
There are presently around $77.50%, or 77.75%% of ANNX stock, in the hands of institutional investors. The top three institutional holders of ANNX stocks are: BAIN CAPITAL LIFE SCIENCES INVESTORS, LLC with ownership of 8.45 million shares, which is approximately 6.4928%. FMR LLC, holding 8.3 million shares of the stock with an approximate value of $$40.67 million in ANNX stocks shares; and FMR LLC, currently with $$36.29 million in ANNX stock with ownership which is approximately 5.6911%.
