While Annexon Inc has overperformed by 3.41%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ANNX rose by 117.72%, with highs and lows ranging from $8.40 to $2.27, whereas the simple moving average fell by -11.41% in the last 200 days.
On March 01, 2024, JP Morgan Upgraded Annexon Inc (NASDAQ: ANNX) to Overweight. A report published by BofA Securities on December 21, 2023, Upgraded its rating to ‘Buy’ for ANNX. Wells Fargo also rated ANNX shares as ‘Overweight’, setting a target price of $11 on the company’s shares in an initiating report dated October 30, 2023. BofA Securities May 26, 2023d the rating to Neutral on May 26, 2023, and set its price target from $8 to $3. JP Morgan May 25, 2023d its ‘Overweight’ rating to ‘Neutral’ for ANNX, as published in its report on May 25, 2023. Jefferies’s report from September 16, 2022 suggests a price prediction of $12 for ANNX shares, giving the stock a ‘Buy’ rating. BTIG Research also rated the stock as ‘Buy’.
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Analysis of Annexon Inc (ANNX)
In order to gain a clear picture of Annexon Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -48.12% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 17.18, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 1.39M can be a very valuable indicator of volatility for ANNX stock. On a monthly basis, the volatility of the stock is set at 6.21%, whereas on a weekly basis, it is put at 6.21%, with a loss of -2.46% over the past seven days. Furthermore, long-term investors anticipate a median target price of $15.00, showing growth from the present price of $5.16, which can serve as yet another indication of whether ANNX is worth investing in or should be passed over.
How Do You Analyze Annexon Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 16.20%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 88.36% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ANNX shares are owned by institutional investors to the tune of 88.36% at present.
