Annexon Inc [NASDAQ: ANNX] stock went on an upward path that rose over 1.08% on Thursday, amounting to a one-week price decrease of less than -0.36%.
Over the last 12 months, ANNX stock dropped by -45.42%. The one-year Annexon Inc stock forecast points to a potential upside of 75.86. The average equity rating for ANNX stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $307.20 million, with 109.71 million shares outstanding and 95.53 million shares in the current float. Compared to the average trading volume of 1.52M shares, ANNX stock reached a trading volume of 7966857 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $11.60 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 1.26, with the Price to Cash per share for the same quarter was set at 2.40.
ANNX Stock Performance Analysis:
Annexon Inc [ANNX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.36. With this latest performance, ANNX shares gained by 8.11% in over the last four-week period, additionally sinking by -44.55% over the last 6 months – not to mention a drop of -45.42% in the past year of trading.
Insight into Annexon Inc Fundamentals:
Return on Equity for this stock declined to -55.14%, with Return on Assets sitting at -55.14%.
ANNX Stock EPS
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 2.82%.
Annexon Inc [ANNX] Institutonal Ownership Details
There are presently around $102.98%, or 103.56% 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%.
