Axsome Therapeutics Inc [AXSM] stock prices are up 6.59% to $95.56 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AXSM shares have gain 7.46% over the last week, with a monthly amount glided 14.84%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Axsome Therapeutics Inc [NASDAQ: AXSM] stock has seen the most recent analyst activity on September 03, 2024, when Wells Fargo initiated its Overweight rating and assigned the stock a price target of $140. Previously, BofA Securities upgraded its rating to Buy on August 06, 2024, and elevated its price target to $106. On July 22, 2024, Needham initiated with a Buy rating and assigned a price target of $130 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $115 on April 29, 2024. Robert W. Baird initiated its recommendation with a Outperform and recommended $108 as its price target on March 19, 2024. UBS started tracking with a Buy rating for this stock on February 06, 2024, and assigned it a price target of $111. In a note dated January 25, 2024, RBC Capital Mkts initiated an Outperform rating and provided a target price of $126 on this stock.
The stock price of Axsome Therapeutics Inc [AXSM] has been fluctuating between $55.02 and $98.40 over the past year. Currently, Wall Street analysts expect the stock to reach $118.08 within the next 12 months. Axsome Therapeutics Inc [NASDAQ: AXSM] shares were valued at $95.56 at the most recent close of the market. An investor can expect a potential return of 23.57% based on the average AXSM price forecast.
Analyzing the AXSM fundamentals
The Axsome Therapeutics Inc [NASDAQ:AXSM] reported sales of 291.49M for trailing twelve months, representing a surge of 86.65%. Gross Profit Margin for this corporation currently stands at 0.89% with Operating Profit Margin at -1.05%, Pretax Profit Margin comes in at -1.06%, and Net Profit Margin reading is -1.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.56, Equity is -1.74 and Total Capital is -0.84. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.77.
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 90.38 points at the first support level, and at 85.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 98.79, and for the 2nd resistance point, it is at 102.03.
Ratios To Look Out For
It’s worth pointing out that Axsome Therapeutics Inc [NASDAQ:AXSM]’s Current Ratio is 2.48. Also, the Quick Ratio is 2.40, while the Cash Ratio stands at 1.69. Considering the valuation of this stock, the price to sales ratio is 15.74, the price to book ratio is 44.41.
Transactions by insiders
Recent insider trading involved Jacobson Mark L., Chief Operating Officer, that happened on Aug 09 ’24 when 47739.0 shares were sold. Officer, Jacobson Mark L. completed a deal on Aug 09 ’24 to buy 47739.0 shares. Meanwhile, Chief Operating Officer Jacobson Mark L. sold 7910.0 shares on May 29 ’24.
