Axovant Sciences (AXON) Cut to “Sell” at BidaskClub
Axovant Sciences (NASDAQ:AXON) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday.
Other equities research analysts have also recently issued reports about the company. Oppenheimer reissued a “buy” rating and issued a $30.00 target price on shares of Axovant Sciences in a research note on Monday, September 25th. Jefferies Group set a $40.00 target price on Axovant Sciences and gave the company a “buy” rating in a research note on Friday, August 25th. HC Wainwright reissued a “buy” rating and issued a $11.00 target price on shares of Axovant Sciences in a research note on Wednesday, September 27th. Robert W. Baird reissued a “hold” rating and issued a $6.00 target price on shares of Axovant Sciences in a research note on Wednesday, November 1st. Finally, Zacks Investment Research cut Axovant Sciences from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $14.13.
Shares of Axovant Sciences (AXON) opened at $5.40 on Friday. 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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