Annexon Inc (NASDAQ: ANNX) is 30.18% higher on its value in year-to-date trading and has touched a low of $1.57 and a high of $8.40 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 ANNX stock was last observed hovering at around $5.99 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $5.91, the stock is 0.13% and 6.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing -1.34% at the moment leaves the stock 23.35% off its SMA200. ANNX registered 107.37% gain for a year compared to 6-month gain of 20.37%.
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The stock witnessed a 0.68% loss in the last 1 month and extending the period to 3 months gives it a 23.12%, and is 5.35% up 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 5.87% over the week and 6.91% over the month.
Annexon Inc (ANNX) has around 71 employees, a market worth around $624.39M and $0.00M in sales. Distance from 52-week low is 276.43% and -29.64% from its 52-week high. The company has generated returns on investments over the last 12 months (-29.61%).
The EPS is expected to grow by 44.78% this year
182.0 institutions hold shares in Annexon Inc (ANNX), with institutional investors hold 104.41% of the company’s shares. The shares outstanding are 105.65M, and float is at 83.92M with Short Float at 8.51%. Institutions hold 104.01% of the Float.
The top institutional shareholder in the company is FMR LLC with over 9.37 million shares valued at $67.2 million. The investor’s holdings represent 7.6405 of the ANNX Shares outstanding. As of 2024-03-31, the second largest holder is BAIN CAPITAL LIFE SCIENCES INVESTORS, LLC with 8.7 million shares valued at $62.4 million to account for 7.0947 of the shares outstanding. The other top investors are ALERCE INVESTMENT MANAGEMENT, L.P. which holds 7.41 million shares representing 6.0372 and valued at over $53.1 million, while BVF INC/IL holds 5.7062 of the shares totaling 7.0 million with a market value of $50.19 million.
Annexon Inc (ANNX) Insider Activity
The most recent transaction is an insider purchase by Carson William H., the company’s Director. SEC filings show that Carson William H. bought 3,200 shares of the company’s common stock on Aug 01 ’24 at a price of $6.24 per share for a total of $19968.0. Following the purchase, the insider now owns 16000.0 shares.
Annexon Inc disclosed in a document filed with the SEC on Jul 15 ’24 that Overdorf Michael (EVP & CHIEF BUSINESS OFFICER) sold a total of 784 shares of the company’s common stock. The trade occurred on Jul 15 ’24 and was made at $6.02 per share for $4720.0. Following the transaction, the insider now directly holds 94622.0 shares of the ANNX stock.
Still, SEC filings show that on Jul 15 ’24, Lew Jennifer (EVP & CHIEF FINANCIAL OFFICER) disposed off 1,104 shares at an average price of $6.03 for $6657.0. The insider now directly holds 86,468 shares of Annexon Inc (ANNX).
