Axovant Sciences’ (AXON) Buy Rating Reiterated at HC Wainwright
Axovant Sciences (NASDAQ:AXON)‘s stock had its “buy” rating restated by analysts at HC Wainwright in a research report issued to clients and investors on Friday. They presently have a $11.00 target price on the biotechnology company’s stock. HC Wainwright’s price target would suggest a potential upside of 99.28% from the stock’s previous close.
AXON has been the topic of a number of other research reports. BidaskClub upgraded Axovant Sciences from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 23rd. Chardan Capital reiterated a “sell” rating and set a $8.00 price objective on shares of Axovant Sciences in a research report on Thursday, September 14th. Piper Jaffray Companies reiterated a “hold” rating on shares of Axovant Sciences in a research report on Friday, November 10th. Evercore ISI initiated coverage on Axovant Sciences in a research report on Friday, September 8th. They set an “outperform” rating and a $30.00 price objective on the stock. Finally, Robert W. Baird reissued a “hold” rating and set a $6.00 target price on shares of Axovant Sciences in a research note on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $14.13.
Shares of Axovant Sciences (AXON) traded up $0.22 during trading on Friday, reaching $5.52. The company had a trading volume of 544,300 shares, compared to its average volume of 1,019,414. Axovant Sciences has a 52-week low of $4.60 and a 52-week high of $27.98. The company has a current ratio of 5.94, a quick ratio of 5.94 and a debt-to-equity ratio of 0.34.
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About Axovant Sciences
Axovant Sciences Ltd. is a clinical-stage biopharmaceutical company. The Company is focused on acquiring, developing and commercializing therapeutics for the treatment of dementia, including Alzheimer’s disease and Lewy body dementia. The Company intends to develop a pipeline of product candidates to address the cognitive, functional and behavioral aspects of dementia and related neurological disorders.
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