Annexon Inc (NASDAQ:ANNX) shares, rose in value on Wednesday, March 26, with the stock price down by -7.49% to the previous day’s close as strong demand from buyers drove the stock to $2.29.
Actively observing the price movement in the last trading, the stock closed the session at $2.47, falling within a range of $2.28 and $2.51. The value of beta (5-year monthly) was 1.138. Referring to stock’s 52-week performance, its high was $8.40, and the low was $2.30. On the whole, ANNX has fluctuated by -11.43% over the past month.
With the market capitalization of Annexon Inc currently standing at about $250.68 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-02.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ANNX’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of ANNX currently trading nearly -11.03% and -27.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.87, while the 7-day volatility ratio is showing 9.85% which for the 30-day chart, stands at 10.20%. Furthermore, Annexon Inc (ANNX)’s beta value is 1.14, and its average true range (ATR) is 0.26.
A comparison of Annexon Inc (ANNX) with its peers suggests the former has fared considerably weaker in the market. ANNX showed an intraday change of -7.49% in last session, and over the past year, it shrunk by -66.40%%.
Data on historical trading for Annexon Inc (NASDAQ:ANNX) indicates that the trading volumes over the past 10 days have averaged 2.03 and over the past 3 months, they’ve averaged 1.38 million. According to company’s latest data on outstanding shares, there are 109.38 million shares outstanding.
Nearly 13.31% of Annexon Inc’s shares belong to company insiders and institutional investors own 90.97% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.12 million shares as on 2025-03-14, resulting in a short ratio of 10.9. According to the data, the short interest in Annexon Inc (ANNX) stood at 1204.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 10.1 million. The stock has fallen by -55.46% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ANNX stock heading into the next quarter.
