Axovant Sciences (NASDAQ:AXON) hit a new 52-week high and low on Thursday . The company traded as low as $1.11 and last traded at $1.13, with a volume of 284498 shares trading hands. The stock had previously closed at $1.15.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Axovant Sciences from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. Cowen reaffirmed a “hold” rating on shares of Axovant Sciences in a research note on Tuesday, February 13th. Oppenheimer reaffirmed a “hold” rating on shares of Axovant Sciences in a research note on Tuesday, February 13th. ValuEngine raised shares of Axovant Sciences from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Chardan Capital raised shares of Axovant Sciences from a “sell” rating to a “neutral” rating and set a $2.50 target price on the stock in a research note on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $13.61.
The company has a market capitalization of $127.19, a P/E ratio of -0.62 and a beta of -0.40. The company has a current ratio of 4.58, a quick ratio of 4.58 and a debt-to-equity ratio of 0.45.
In other Axovant Sciences news, Director George Bickerstaff purchased 25,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were purchased at an average cost of $1.50 per share, with a total value of $37,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 72.40% of the company’s stock.
Several institutional investors have recently modified their holdings of AXON. Ameriprise Financial Inc. grew its holdings in shares of Axovant Sciences by 560.5% in the third quarter. Ameriprise Financial Inc. now owns 192,909 shares of the biotechnology company’s stock worth $1,327,000 after purchasing an additional 163,704 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Axovant Sciences by 135.6% in the third quarter. Wells Fargo & Company MN now owns 53,695 shares of the biotechnology company’s stock worth $369,000 after purchasing an additional 30,905 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Axovant Sciences in the third quarter worth approximately $117,000. Hikari Power Ltd bought a new position in shares of Axovant Sciences in the fourth quarter worth approximately $377,000. Finally, BlackRock Inc. grew its holdings in shares of Axovant Sciences by 99.8% in the fourth quarter. BlackRock Inc. now owns 2,912,219 shares of the biotechnology company’s stock worth $15,347,000 after purchasing an additional 1,454,454 shares during the last quarter. Hedge funds and other institutional investors own 93.03% of the company’s stock.
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Axovant Sciences Company Profile
Axovant Sciences Ltd., a clinical-stage biopharmaceutical company, engages in developing and commercializing medicines for the treatment of dementia and related neurological disorders in the United States and Europe. Its lead product candidate, intepirdine, a selective 5-HT6 receptor antagonist, which is in Phase III clinical trial for the treatment of Alzheimer's disease; in Phase IIb clinical trial for treating dementia with Lewy bodies (DLB); and in Phase II clinical trial for treating cait and balance in Alzheimer's disease, DLB, and Parkinson's disease dementia.
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