Annexon Inc [ANNX] stock prices are up 4.72% to $5.10 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ANNX shares have gain 9.44% over the last week, with a monthly amount drifted -17.34%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Annexon Inc [NASDAQ: ANNX] stock has seen the most recent analyst activity on March 01, 2024, when JP Morgan upgraded its rating to a Overweight but kept the price target unchanged to $11 for it. Previously, BofA Securities upgraded its rating to Buy on December 21, 2023, and elevated its price target to $6. On October 30, 2023, Wells Fargo initiated with a Overweight rating and assigned a price target of $11 on the stock. BofA Securities downgraded its rating to a Neutral and decreased its price target to $3 on May 26, 2023. JP Morgan downgraded its rating to a Neutral and reduced its price target to $9 on May 25, 2023. Jefferies started tracking with a Buy rating for this stock on September 16, 2022, and assigned it a price target of $12. In a note dated September 09, 2022, BTIG Research initiated an Buy rating and provided a target price of $15 on this stock.
The stock price of Annexon Inc [ANNX] has been fluctuating between $1.57 and $8.40 over the past year. Currently, Wall Street analysts expect the stock to reach $12 within the next 12 months. Annexon Inc [NASDAQ: ANNX] shares were valued at $5.10 at the most recent close of the market. An investor can expect a potential return of 135.29% based on the average ANNX price forecast.
Analyzing the ANNX fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.44, Equity is -0.65 and Total Capital is -0.51. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.13.
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 4.83 points at the first support level, and at 4.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.36, and for the 2nd resistance point, it is at 5.62.
Annexon Inc [ANNX] reported earnings per share of -$0.36 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 -$0.44/share, meaning a difference of $0.08 and a surprise factor of 18.20%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were -$0.43 per share as compared to estimates of -$0.5 per share, a difference of $0.07 representing a surprise of 14.00%.
Ratios To Look Out For
It’s worth pointing out that Annexon Inc [NASDAQ:ANNX]’s Current Ratio is 14.72. As well, the Quick Ratio is 14.72, while the Cash Ratio is 12.56.
Transactions by insiders
Recent insider trading involved Carson William H., Director, that happened on May 01 ’24 when 3200.0 shares were purchased. Director, Carson William H. completed a deal on Apr 08 ’24 to buy 3200.0 shares. Meanwhile, EVP & CHIEF INNOVATION OFFICER Yednock Ted sold 2604.0 shares on Feb 20 ’24.
