At the time of writing, Axsome Therapeutics Inc [AXSM] stock is trading at $89.97, up 4.10%. An important factor to consider is whether the stock is rising or falling in short-term value. The AXSM shares have gain 7.70% over the last week, with a monthly amount drifted -1.07%, and not 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.
For the past year, the stock price of Axsome Therapeutics Inc fluctuated between $55.02 and $98.40. Currently, Wall Street analysts expect the stock to reach $117.83 within the next 12 months. Axsome Therapeutics Inc [NASDAQ: AXSM] shares were valued at $89.97 at the most recent close of the market. An investor can expect a potential return of 30.97% based on the average AXSM price forecast.
Analyzing the AXSM fundamentals
According to Axsome Therapeutics Inc [NASDAQ:AXSM], the company’s sales were 291.49M for trailing twelve months, which represents an 86.65% jump. 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 87.33 points at the first support level, and at 84.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 91.81, and for the 2nd resistance point, it is at 93.64.
Ratios To Look Out For
It is important to note that Axsome Therapeutics Inc [NASDAQ:AXSM] has a current ratio of 2.48. On the other hand, the Quick Ratio is 2.40, and the Cash Ratio is 1.69. Considering the valuation of this stock, the price to sales ratio is 14.82, the price to book ratio is 41.81.
Transactions by insiders
Recent insider trading involved Saad Mark E, Director, that happened on Sep 11 ’24 when 11016.0 shares were sold. Director, Saad Mark E completed a deal on Sep 11 ’24 to buy 11016.0 shares. Meanwhile, Chief Operating Officer Jacobson Mark L. sold 47739.0 shares on Aug 09 ’24.
