Anavex Life Sciences (NASDAQ:AVXL) announced its quarterly earnings data on Wednesday. The biotechnology company reported ($0.15) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.15), Yahoo Finance reports. During the same period last year, the business posted ($0.10) EPS.
Shares of AVXL stock traded up $1.02 during mid-day trading on Thursday, hitting $18.99. 1,391,200 shares of the stock traded hands, compared to its average volume of 2,249,869. Anavex Life Sciences has a twelve month low of $4.51 and a twelve month high of $31.50. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -39.56 and a beta of 0.68. The company’s 50-day simple moving average is $19.02 and its 200-day simple moving average is $18.77.
Several research firms recently weighed in on AVXL. Zacks Investment Research upgraded Anavex Life Sciences from a “sell” rating to a “hold” rating in a research report on Wednesday, October 13th. HC Wainwright reiterated a “buy” rating and issued a $39.00 target price on shares of Anavex Life Sciences in a research report on Thursday, October 14th. Finally, BTIG Research reiterated a “buy” rating and issued a $35.00 target price on shares of Anavex Life Sciences in a research report on Friday, November 19th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $30.04.
Anavex Life Sciences Company Profile
Anavex Life Sciences Corp. is a clinical stage biopharmaceutical company, which engages in the development of different therapeutics for the treatment of neurodegenerative and neurodevelopmental diseases. Its lead compound, ANAVEX2-73, is being developed to treat Alzheimer’s and Parkinson’s disease and central nervous system diseases, including Rett syndrome.
Featured Story: What is Liquidity?
Receive News & Ratings for Anavex Life Sciences Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anavex Life Sciences and related companies with MarketBeat.com's FREE daily email newsletter.