At the time of writing, Annexon Inc [ANNX] stock is trading at $7.54, down -0.40%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ANNX shares have gain 2.72% over the last week, with a monthly amount glided 23.40%, and 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.
For the past year, the stock price of Annexon Inc fluctuated between $2.05 and $8.40. Currently, Wall Street analysts expect the stock to reach $14 within the next 12 months. Annexon Inc [NASDAQ: ANNX] shares were valued at $7.54 at the most recent close of the market. An investor can expect a potential return of 85.68% based on the average ANNX price forecast.
Analyzing the ANNX fundamentals
Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at -26.09%, Pretax Profit Margin comes in at -23.67%, and Net Profit Margin reading is -23.67%. To continue investigating profitability, this company’s Return on Assets is posted at -0.28, Equity is -0.45 and Total Capital is -0.33. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.
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 7.47 points at the first support level, and at 7.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.61, and for the 2nd resistance point, it is at 7.69.
Ratios To Look Out For
It is important to note that Annexon Inc [NASDAQ:ANNX] has a current ratio of 21.81. In addition, the Quick Ratio stands at 21.81 and the Cash Ratio stands at 9.17.
Transactions by insiders
Recent insider trading involved Yednock Ted, EVP & CHIEF INNOVATION OFFICER, that happened on Oct 15 ’24 when 5408.0 shares were sold. Officer, Yednock Ted completed a deal on Oct 15 ’24 to buy 5408.0 shares. Meanwhile, Director Carson William H. bought 3200.0 shares on Oct 01 ’24.
