As of Tuesday, Annexon Inc’s (NASDAQ:ANNX) stock closed at $4.41, up from $4.01 the previous day. While Annexon Inc has overperformed by 9.98%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ANNX fell by -19.82%, with highs and lows ranging from $7.65 to $1.57, whereas the simple moving average jumped by 32.85% in the last 200 days.

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On December 21, 2023, BofA Securities Upgraded Annexon Inc (NASDAQ: ANNX) to Buy.

Analysis of Annexon Inc (ANNX)

One of the most important indicators of Annexon Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -67.42% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 9.85, 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.

For any stock, average volume can also provide valuable insight into volatility, and ANNX is recording 610.92K average volume. On a monthly basis, the volatility of the stock is set at 10.51%, whereas on a weekly basis, it is put at 13.87%, with a gain of 59.21% over the past seven days. Furthermore, long-term investors anticipate a median target price of $12.83, showing growth from the present price of $4.41, 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?

Along with the fundamentals, it is also important to consider how many employees own shares of 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 27.39%. 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 73.86% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.

Are institutional investors increasing their holdings in ANNX shares?

The recent increase in stakes in ANNX appears to be a result of several institutional investors and hedge funds increasing their positions. Logos Global Management LP’s position in ANNX has increased by 51.43% in the first quarter. The company now owns 5,300,000 shares of the stock, with a value of $13.2 million, following the purchase of 1,800,000 additional shares during the last quarter. During the last quarter, the company dropped down 0 additional shares for a total stake of worth $8.72 million, bringing number of shares owned by the company to 3,503,190.

During the first quarter, BlackRock Fund Advisors subtracted a -22,092 position in ANNX. GMT Capital Corp. purchased an additional 0.35 million shares in the last quarter, increasing its holdings by 14.03%, now holding 2.81 million shares worth $7.0 million. ANNX shares are owned by institutional investors to the tune of 73.86% at present.

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