Shares of Axsome Therapeutics (NASDAQ:AXSM) have earned an average rating of “Hold” from the six research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $19.50.
A number of research firms recently weighed in on AXSM. ValuEngine upgraded Axsome Therapeutics from a “strong sell” rating to a “sell” rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded Axsome Therapeutics from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th.
Shares of AXSM remained flat at $$2.55 during trading hours on Thursday. The stock had a trading volume of 163,392 shares, compared to its average volume of 141,457. The company has a market cap of $65.01, a P/E ratio of -2.06 and a beta of -0.16. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.40. Axsome Therapeutics has a 12-month low of $2.05 and a 12-month high of $6.45.
A number of large investors have recently added to or reduced their stakes in AXSM. JPMorgan Chase & Co. lifted its position in Axsome Therapeutics by 1.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,459,117 shares of the company’s stock worth $8,026,000 after buying an additional 23,229 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Axsome Therapeutics in the 4th quarter worth approximately $271,000. Finally, Goldman Sachs Group Inc. purchased a new position in Axsome Therapeutics in the 4th quarter worth approximately $238,000. Institutional investors own 22.84% of the company’s stock.
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About Axsome Therapeutics
Axsome Therapeutics, Inc, a clinical-stage biopharmaceutical company, develops therapies for the management of central nervous system (CNS) disorders. The company's product candidates include AXS-05 that is in Phase III trial for the treatment of treatment resistant depression and Alzheimer's disease agitation; and AXS-02, which is in Phase III trial to treat complex regional pain syndrome, knee osteoarthritis related to bone marrow lesions, and chronic low back pain related to Modic changes.
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