Axsome Therapeutics Inc. (NASDAQ:AXSM) saw an upside of 15.85% to close Tuesday at $37.79 after adding $5.17 on the day. The 5-day average trading volume is 760,580 shares of the company’s common stock. It has gained $37.80 in the past week. An average of 1,006,710 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,671,204.
AXSM’s 1-month performance is 37.52% or $10.40 on its low of $25.79 reached on 09/14/21. The company’s shares have touched a 52-week low of $19.38 and high of $87.24, with the stock’s rally to the 52-week high happening on 01/04/21. YTD, AXSM has lost -53.61% or -$43.68. However, the current price is down -56.68%% from the 52-week high price.
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Axsome Therapeutics Inc. (AXSM) has a trailing price-to-earnings (P/E) ratio of 34.65 for the broader industry and 32.19 for the sector.AXSM stock has a beta of 2.17. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 19.89.
Axsome Therapeutics Inc.’s quick ratio for the period ended June 29 was 6.20, with the current ratio over the same period at 6.20 meaning that AXSM stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.68, while the total debt to equity was 0.00. The firm’s gross profit as reported stood at $2.57 million against revenue of $99.14 million.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected AXSM to announce -$0.96 per share in earnings in its latest quarter, but it posted -$0.86, representing a 10.40% surprise. EBITDA for the quarter stood at more than -$30.29 million. AXSM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 71.83 million, with total debt at $50.05 million. Shareholders hold equity totaling $37.68 million
Let’s look briefly at Axsome Therapeutics Inc. (AXSM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 73.89% to suggest the stock is trending Overbought, with historical volatility in this time period at 89.44%.
The stock’s 5-day moving average is $33.04, reflecting a +20.62% or $6.46 change from its current price. AXSM is currently trading +44.40% above its 20-day SMA, -31.97% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -24.90% and -55.49% respectively.
Stochastic %K and %D was 62.44% and 48.60% and the average true range (ATR) pointed at 2.41. The RSI (14) points at 66.59%, while the 14-day stochastic is at 99.87% with the period’s ATR at 2.37. The stock’s 9-day MACD Oscillator is pointing at 1.27 and 1.00 on the 14-day charts.
In the most recent analyst report for Axsome Therapeutics Inc. (NASDAQ: AXSM), Morgan Stanley downgraded it to an Equal-weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for AXSM stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate AXSM as a “sell,”, while 2 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 12 have offered a “buy” rating.
What is AXSM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $25.00 and a high of $180.00, with their median price target at $75.00. Looking at these predictions, the average price target given by analysts is for Axsome Therapeutics Inc. (AXSM) stock is $86.73.