With 1.28 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.75 million shares. The 52-week range on AVXL shows that it touched its highest point at $14.44 and its lowest point at $3.25 during that stretch. It currently has a 1-year price target of $34.33. Beta for the stock currently stands at 0.93.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AVXL was down-trending over the past week, with a drop of -8.16%, but this was down by -23.83% over a month. Three-month performance dropped to -5.72% while six-month performance rose 30.34%. The stock gained 59.48% in the past year, while it has lost -25.61% so far this year. A look at the trailing 12-month EPS for AVXL yields -0.55 with Next year EPS estimates of 2.25. For the next quarter, that number is -0.15. This implies an EPS growth rate of -16.67% for this year and 470.88% for next year.
Float and Shares Shorts:
At present, 84.99 million AVXL shares are outstanding with a float of 82.46 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AVXL since 6 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.54333 being high and -$0.54333 being low. For AVXL, this leads to a yearly average estimate of -$0.54333. Based on analyst estimates, the high estimate for the next quarter is -$0.18 and the low estimate is -$0.18. The average estimate for the next quarter is thus -$0.18.
