Annexon Inc (NASDAQ: ANNX) is 17.62% higher on its value in year-to-date trading and has touched a low of $2.27 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 $5.29 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $5.34, the stock is -15.04% and -20.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing 0.95% at the moment leaves the stock -8.31% off its SMA200. ANNX registered 107.78% gain for a year compared to 6-month gain of 12.90%. The firm has a 50-day simple moving average (SMA 50) of $6.6785 and a 200-day simple moving average (SMA200) of $5.824175.
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The stock witnessed a -29.46% loss in the last 1 month and extending the period to 3 months gives it a -9.95%, and is 3.49% 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 5.69% over the month.
Annexon Inc (ANNX) has around 71 employees, a market worth around $574.59M and $0.00M in sales. Distance from 52-week low is 135.24% and -36.43% from its 52-week high. The company has generated returns on investments over the last 12 months (-32.75%).
The EPS is expected to grow by 46.12% this year
192.0 institutions hold shares in Annexon Inc (ANNX), with institutional investors hold 106.63% of the company’s shares. The shares outstanding are 106.59M, and float is at 89.33M with Short Float at 8.00%. Institutions hold 106.10% 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 sale by Yednock Ted, the company’s EVP & CHIEF INNOVATION OFFICER. SEC filings show that Yednock Ted sold 5,408 shares of the company’s common stock on Oct 15 ’24 at a price of $7.41 per share for a total of $40073.0. Following the sale, the insider now owns 71365.0 shares.
Still, SEC filings show that on Oct 01 ’24, Carson William H. (Director) acquired 3,200 shares at an average price of $5.97 for $19104.0. The insider now directly holds 22,400 shares of Annexon Inc (ANNX).
