Axsome Therapeutics Inc (NASDAQ:AXSM) reached a new 52-week low during trading on Tuesday . The stock traded as low as $3.40 and last traded at $5.55, with a volume of 297600 shares changing hands. The stock had previously closed at $5.60.
Several equities research analysts recently commented on AXSM shares. Zacks Investment Research cut Axsome Therapeutics from a “buy” rating to a “hold” rating in a report on Wednesday, December 13th. Cantor Fitzgerald set a $13.00 price target on Axsome Therapeutics and gave the company a “buy” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $16.90.
The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.44. The company has a market cap of $90.34 and a P/E ratio of -2.61.
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About Axsome Therapeutics
Axsome Therapeutics, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in developing therapies for the management of central nervous system (CNS) disorders, including pain. It operates in the business of developing novel therapies for the management of CNS disorders segment. Its product candidate, AXS-02 (disodium zoledronate tetrahydrate), is an oral, targeted, non opioid therapeutic for chronic pain.
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