Annexon Inc (NASDAQ: ANNX) is 62.56% 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 $7.02 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $7.38, the stock is 11.99% and 19.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.57 million and changing 5.13% at the moment leaves the stock 34.79% off its SMA200. ANNX registered 294.65% gain for a year compared to 6-month gain of 23.41%. The firm has a 50-day simple moving average (SMA 50) of $6.1729 and a 200-day simple moving average (SMA200) of $5.47525.
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The stock witnessed a 9.66% loss in the last 1 month and extending the period to 3 months gives it a 19.61%, and is 17.33% 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 8.25% over the week and 6.81% over the month.
Annexon Inc (ANNX) has around 71 employees, a market worth around $779.70M and $0.00M in sales. Distance from 52-week low is 370.06% and -12.14% 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.
Annexon Inc (ANNX) Top Institutional Holders
185.0 institutions hold shares in Annexon Inc (ANNX), with institutional investors hold 104.73% of the company’s shares. The shares outstanding are 105.65M, and float is at 83.99M with Short Float at 10.35%. Institutions hold 104.32% of the Float.
The top institutional shareholder in the company is BAIN CAPITAL LIFE SCIENCES INVESTORS, LLC with over 8.45 million shares valued at $41.4 million. The investor’s holdings represent 6.8876% of the ANNX Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 8.3 million shares valued at $40.67 million to account for 6.7657 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 $36.29 million, while BVF INC/IL holds 5.7062 of the shares totaling 7.0 million with a market value of $34.3 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 Oct 01 ’24 at a price of $5.97 per share for a total of $19104.0. Following the purchase, the insider now owns 22400.0 shares.
Annexon Inc disclosed in a document filed with the SEC on Sep 19 ’24 that Yednock Ted (EVP & CHIEF INNOVATION OFFICER) sold a total of 4,500 shares of the company’s common stock. The trade occurred on Sep 19 ’24 and was made at $7.10 per share for $31950.0. Following the transaction, the insider now directly holds 0.0 shares of the ANNX stock.
Still, SEC filings show that on Sep 19 ’24, Yednock Ted (Officer) Proposed Sale 4,500 shares at an average price of $7.10 for $31950.0. The insider now directly holds shares of Annexon Inc (ANNX).
