A share price of Anavex Life Sciences Corporation [AVXL] is currently trading at $3.69, up 1.10%. An important factor to consider is whether the stock is rising or falling in short-term value. The AVXL shares have gain 8.21% over the last week, with a monthly amount drifted -18.72%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Anavex Life Sciences Corporation [NASDAQ: AVXL] stock has seen the most recent analyst activity on December 06, 2022, when Cantor Fitzgerald downgraded its rating to a Neutral and also revised its price target to $11 from $16. Previously, Berenberg started tracking the stock with Buy rating on June 23, 2022, and set its price target to $40. On September 23, 2021, BTIG Research initiated with a Buy rating and assigned a price target of $35 on the stock. H.C. Wainwright reiterated its Buy rating and increased its price target to $17 on December 16, 2020. Ladenburg Thalmann initiated its recommendation with a Buy and recommended $12 as its price target on September 28, 2020. In a note dated June 18, 2019, Janney initiated an Buy rating.
Anavex Life Sciences Corporation experienced fluctuations in its stock price throughout the past year between $3.25 and $10.45. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. Anavex Life Sciences Corporation [NASDAQ: AVXL] shares were valued at $3.69 at the most recent close of the market. An investor can expect a potential return of 198.1% based on the average AVXL price forecast.
Analyzing the AVXL fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.29, Equity is -0.3 and Total Capital is -0.36.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.53 points at the first support level, and at 3.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.85, and for the 2nd resistance point, it is at 4.01.
Anavex Life Sciences Corporation [AVXL] reported earnings per share of -$0.11 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.14/share, meaning a difference of $0.03 and a surprise factor of 21.40%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were -$0.12 per share as compared to estimates of -$0.15 per share, a difference of $0.03 representing a surprise of 20.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Anavex Life Sciences Corporation [NASDAQ:AVXL] is 11.85. On the other hand, the Quick Ratio is 11.85, and the Cash Ratio is 11.51.
Transactions by insiders
Recent insider trading involved MISSLING CHRISTOPHER U, President and CEO, that happened on Mar 28 ’24 when 73380.0 shares were sold. President and CEO, MISSLING CHRISTOPHER U completed a deal on Jun 28 ’23 to sell 0.27 million shares.
