Annexon Inc (NASDAQ:ANNX) shares, rose in value, with the stock price up by 3.15% to the previous day’s close as strong demand from buyers drove the stock to $4.59.
Actively observing the price movement in the last trading, the stock closed the session at $4.45. 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 -33.28% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ANNX’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ANNX currently trading nearly -20.47% and -18.76% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.07, while the 7-day volatility ratio is showing 9.11% which for the 30-day chart, stands at 9.35%. Furthermore, Annexon Inc (ANNX)’s beta value is 1.28, and its average true range (ATR) is 0.53.
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 3.15% in last session, and over the past year, it shrunk by -15.93%%.
Data on historical trading for Annexon Inc (NASDAQ:ANNX) indicates that the trading volumes over the past 3 months, they’ve averaged 1.61 million. According to company’s latest data on outstanding shares, there are 105.09 million shares outstanding.
Nearly 23.69% of Annexon Inc’s shares belong to company insiders and institutional investors own 66.36% of the company’s shares. The stock has risen by 1.10% 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.
