Annexon Inc (NASDAQ: ANNX) is -19.49% lower on its value in year-to-date trading and has touched a low of $3.86 and a high of $8.40 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ANNX stock was last observed hovering at around $4.24 in the last trading session, with the day’s loss setting it -0.11%.
Currently trading at $4.13, the stock is -13.35% and -19.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing -2.59% at the moment leaves the stock -26.92% off its SMA200. ANNX registered -11.94% loss for a year compared to 6-month loss of -32.18%. The firm has a 50-day simple moving average (SMA 50) of $5.1058 and a 200-day simple moving average (SMA200) of $5.651375.
The stock witnessed a -21.03% gain in the last 1 month and extending the period to 3 months gives it a -45.44%, and is 0.49% 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 6.37% over the week and 6.52% over the month.
Annexon Inc (ANNX) has around 71 employees, a market worth around $440.23M and $0.00M in sales. Distance from 52-week low is 6.99% and -50.83% 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 46.05% this year, but quarterly earnings will post 0.00% year-over-year. Quarterly sales are estimated to shrink 0.00% in year-over-year returns.
Annexon Inc (ANNX) Top Institutional Holders
192.0 institutions hold shares in Annexon Inc (ANNX), with institutional investors hold 106.63% of the company’s shares. The shares outstanding are 105.71M, and float is at 89.43M with Short Float at 10.04%. 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 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 Dec 02 ’24 at a price of $5.33 per share for a total of $17056.0. Following the purchase, the insider now owns 25600.0 shares.
Annexon Inc disclosed in a document filed with the SEC on Oct 15 ’24 that Yednock Ted (EVP & CHIEF INNOVATION OFFICER) sold a total of 5,408 shares of the company’s common stock. The trade occurred on Oct 15 ’24 and was made at $7.41 per share for $40073.0. Following the transaction, the insider now directly holds 71365.0 shares of the ANNX stock.
Still, SEC filings show that on Oct 15 ’24, Yednock Ted (Officer) Proposed Sale 5,408 shares at an average price of $7.41 for $40073.0. The insider now directly holds shares of Annexon Inc (ANNX).
