A new trading day began on Monday, with Annexon Inc (NASDAQ: ANNX) stock price down -3.60% from the previous day of trading, before settling in for the closing price of $7.23. ANNX’s price has ranged from $2.05 to $8.40 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged 44.76%. With a float of $83.86 million, this company’s outstanding shares have now reached $105.65 million.
Considering the fact that the conglomerate employs 71 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 30.97%, operating margin of -2608.75%, and the pretax margin is -2366.61%.
Annexon Inc (ANNX) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Biotechnology Industry. The insider ownership of Annexon Inc is 20.63%, while institutional ownership is 86.69%. The most recent insider transaction that took place on Oct 15 ’24, was worth 40,073. In this transaction EVP & CHIEF INNOVATION OFFICER of this company sold 5,408 shares at a rate of $7.41, taking the stock ownership to the 71,365 shares. Before that another transaction happened on Oct 15 ’24, when Company’s Officer proposed sale 5,408 for $7.41, making the entire transaction worth $40,073.
Annexon Inc (ANNX) Recent Fiscal highlights
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.43 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.28 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 44.76% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 38.60% during the next five years compared to -29.69% drop over the previous five years of trading.
Annexon Inc (NASDAQ: ANNX) Trading Performance Indicators
Here are Annexon Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 21.81.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.22, a number that is poised to hit -0.26 in the next quarter and is forecasted to reach -1.14 in one year’s time.
Technical Analysis of Annexon Inc (ANNX)
Compared to the last year’s volume of 1.83 million, its volume of 1.88 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 42.93%. Additionally, its Average True Range was 0.33.
During the past 100 days, Annexon Inc’s (ANNX) raw stochastic average was set at 74.12%, which indicates a significant increase from 15.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.88% in the past 14 days, which was lower than the 61.48% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.85, while its 200-day Moving Average is $5.78. Nevertheless, the first resistance level for the watch stands at $7.19 in the near term. At $7.40, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.52. If the price goes on to break the first support level at $6.86, it is likely to go to the next support level at $6.74. Now, if the price goes above the second support level, the third support stands at $6.53.
Annexon Inc (NASDAQ: ANNX) Key Stats
With a market capitalization of 723.40 million, the company has a total of 105,654K Shares Outstanding. Currently, annual sales are 0 K while annual income is -134,240 K. The company’s previous quarter sales were 0 K while its latest quarter income was -29,610 K.
