At the time of writing, Anavex Life Sciences Corporation [AVXL] stock is trading at $6.74, down -1.46%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AVXL shares have gain 22.99% over the last week, with a monthly amount glided 76.44%, and 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.
For the past year, the stock price of Anavex Life Sciences Corporation fluctuated 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 $6.74 at the most recent close of the market. An investor can expect a potential return of 63.2% based on the average AVXL price forecast.
Analyzing the AVXL fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.28, Equity is -0.29 and Total Capital is -0.35. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -0.01.
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 6.56 points at the first support level, and at 6.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.08, and for the 2nd resistance point, it is at 7.42.
Ratios To Look Out For
It is important to note that Anavex Life Sciences Corporation [NASDAQ:AVXL] has a current ratio of 15.12. In addition, the Quick Ratio stands at 15.12 and the Cash Ratio stands at 14.58.
Transactions by insiders
Recent insider trading involved Donhauser Peter D.O., Director, that happened on Jun 14 ’24 when 2835.0 shares were purchased. Director, Thomas Steffen completed a deal on May 15 ’24 to buy 5000.0 shares. Meanwhile, President and CEO MISSLING CHRISTOPHER U sold 73380.0 shares on Mar 28 ’24.
