103 institutions hold shares in Anavex Life Sciences Corp. (AVXL), with 2.53M shares held by insiders accounting for 3.63% while institutional investors hold 19.91% of the company’s shares. The shares outstanding are 69.49M, and float is at 67.14M with Short Float at 5.37%. Institutions hold 19.19% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 3.68 million shares valued at $19.87 million. The investor’s holdings represent 5.29% of the AVXL Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 2.9 million shares valued at $15.64 million to account for 4.17% of the shares outstanding. The other top investors are State Street Corporation which holds 0.87 million shares representing 1.26% and valued at over $4.72 million, while Geode Capital Management, LLC holds 1.14% of the shares totaling 0.79 million with a market value of $4.29 million.
Anavex Life Sciences Corp. (NASDAQ: AVXL) is 154.44% higher on its value in year-to-date trading and has touched a low of $2.53 and a high of $28.70 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AVXL stock was last observed hovering at around $14.96 in the last trading session, with the day’s loss setting it -1.22% off its average median price target of $19.50 for the next 12 months. It is also 45.04% off the consensus price target high of $25.00 offered by 4 analysts, but current levels are 19.18% higher than the price target low of $17.00 for the same period.
Currently trading at $13.74, the stock is -1.23% and 18.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.34 million and changing -8.16% at the moment leaves the stock 111.12% off its SMA200. AVXL registered 370.55% gain for a year compared to 6-month gain of 255.04%. The firm has a 50-day simple moving average (SMA 50) of $13.57 and a 200-day simple moving average (SMA200) of $7.49.
The stock witnessed a 5.53% loss in the last 1 month and extending the period to 3 months gives it a 138.96%, and is -11.24% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.03% over the week and 10.03% over the month.
Distance from 52-week low is 443.08% and -52.13% from its 52-week high.
Anavex Life Sciences Corp. (AVXL) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Anavex Life Sciences Corp. (AVXL) is a “Buy”. 4 analysts offering their recommendations for the stock have an average rating of 1.70, where 0 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Anavex Life Sciences Corp. is expected to release its quarterly report on 05/12/2021 and quarterly earnings per share for the current quarter are estimated at -$0.12.The EPS is expected to grow by 16.00% this year.
Anavex Life Sciences Corp. (AVXL) Insider Activity
A total of 5 insider transactions have happened at Anavex Life Sciences Corp. (AVXL) in the last six months, with sales accounting for 1 and purchases happening 4 times. The most recent transaction is an insider sale by FAVUS ELLIOT, the company’s Director. SEC filings show that FAVUS ELLIOT sold 145,500 shares of the company’s common stock on Feb 24 at a price of $12.66 per share for a total of $1.84 million. Following the sale, the insider now owns 0.0 shares.
Anavex Life Sciences Corp. disclosed in a document filed with the SEC on Feb 19 that Donhauser Peter D.O. (Director) bought a total of 1,165 shares of the company’s common stock. The trade occurred on Feb 19 and was made at $12.67 per share for $14760.0. Following the transaction, the insider now directly holds 1165.0 shares of the AVXL stock.
Anavex Life Sciences Corp. (AVXL): Who are the competitors?
The company’s main competitors (and peers) include Ligand Pharmaceuticals Incorporated (LGND) that is trading 122.98% up over the past 12 months and BioCryst Pharmaceuticals Inc. (BCRX) that is 409.16% higher over the same period. Palatin Technologies Inc. (PTN) is 63.40% up on the 1-year trading charts. Short interest in the company’s stock has fallen -11.39% from the last report on Feb 11, 2021 to stand at a total of 4.01 million short shares sold with a short interest ratio of 1.86.