Annexon Inc (NASDAQ:ANNX) shares, rose in value, with the stock price up by 0.47% to the previous day’s close as strong demand from buyers drove the stock to $6.45.
Actively observing the price movement in the last trading, the stock closed the session at $6.42. Referring to stock’s 52-week performance, its high was $8.40, and the low was $1.57. On the whole, ANNX has fluctuated by 9.88% over the past month.
As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.34, which is expected to increase to -$0.28 for fiscal year -$1.54 and then to about -$1.65 by fiscal year 2025. Data indicates that the EPS growth is expected to be 13.00% in 2025, while the next year’s EPS growth is forecast to be -7.10%.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that ANNX’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ANNX currently trading nearly 7.21% and 19.01% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.15, while the 7-day volatility ratio is showing 12.06% which for the 30-day chart, stands at 13.29%. Furthermore, Annexon Inc (ANNX)’s beta value is 1.16, and its average true range (ATR) is 0.74.
A comparison of Annexon Inc (ANNX) with its peers suggests the former has fared considerably weaker in the market. ANNX showed an intraday change of 0.47% in last session, and over the past year, it grew by 67.53%%.
Data on historical trading for Annexon Inc (NASDAQ:ANNX) indicates that the trading volumes over the past 10 days have averaged 2.79 million and over the past 3 months, they’ve averaged 1.54 million. According to company’s latest data on outstanding shares, there are 78.37 million shares outstanding.
Nearly 21.24% of Annexon Inc’s shares belong to company insiders and institutional investors own 88.96% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.49 million shares as on Mar 15, 2024, resulting in a short ratio of 1.38. According to the data, the short interest in Annexon Inc (ANNX) stood at 3.18% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 1.99 million. The stock has risen by 42.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ANNX stock heading into the next quarter.
