While Axsome Therapeutics Inc has underperformed by -1.89%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AXSM rose by 19.34%, with highs and lows ranging from $98.40 to $53.71, whereas the simple moving average jumped by 8.00% in the last 200 days.
On February 06, 2024, UBS started tracking Axsome Therapeutics Inc (NASDAQ: AXSM) recommending Buy. A report published by RBC Capital Mkts on January 25, 2024, Initiated its previous ‘Outperform’ rating for AXSM. Citigroup also rated AXSM shares as ‘Buy’, setting a target price of $125 on the company’s shares in an initiating report dated December 13, 2023. BofA Securities August 08, 2023d the rating to Neutral on August 08, 2023, and set its price target from $59 to $81. Piper Sandler initiated its ‘Neutral’ rating for AXSM, as published in its report on January 05, 2023. Loop Capital’s report from November 01, 2022 suggests a price prediction of $95 for AXSM shares, giving the stock a ‘Buy’ rating. Mizuho also rated the stock as ‘Buy’.
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Analysis of Axsome Therapeutics Inc (AXSM)
Further, the quarter-over-quarter increase in sales is 193.50%, showing a positive trend in the upcoming months.
One of the most important indicators of Axsome Therapeutics 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 -159.21% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.52, 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 AXSM is recording 693.67K average volume. On a monthly basis, the volatility of the stock is set at 3.55%, whereas on a weekly basis, it is put at 3.61%, with a gain of 1.13% over the past seven days. Furthermore, long-term investors anticipate a median target price of $120.93, showing growth from the present price of $81.38, which can serve as yet another indication of whether AXSM is worth investing in or should be passed over.
How Do You Analyze Axsome Therapeutics 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 18.16%. 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 80.88% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AXSM shares are owned by institutional investors to the tune of 80.88% at present.
