Economy

Street Recommendation Roundup on Axon Enterprise, Inc. (:AAXN), Axsome Therapeutics, Inc. (:AXSM)

The company's shares closed yesterday at $4.60.

"Myrtle Potter is a recognized healthcare leader with extensive experience and unparalleled success in commercializing numerous innovative medicines", said Herriot Tabuteau, M.D., Chief Executive Officer and Chairman of the Board of Axsome. After starting her career with Procter and Gamble Patient Care Products, Ms. Potter went on to spend 14 years of her early career at Merck & Co. "While at Genentech, Ms. Potter led the commercialization of a long list of products: "Herceptin, Tarceva, Xolair, Avastin, Rituxan, Nutropin, Activase, and TNkase". It represents a security's price that, if achieved, results in a trader recognizing the best possible outcome for his investment.

At the end of 03/31/2017 reporting period, 25 institutional holders increased their position in Axsome Therapeutics, Inc.

Axsome Therapeutics, Inc.is a clinical stage biopharmaceutical company, which engages in developing novel therapies for the management of central nervous system disorders.

Now we look at the Moving Averages, the 200-day is -17.4, the 50-day is 15.42 and the 20-day is 13.09.

The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.10. The company's market cap is $107.27 Million. The stock's average true range of stands at 0.25, while the relative strength index is 67.2. (:AAXN). Analysts are projecting that the stock will reach $30.83 on a short term (1 year) basis.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Sports Perspectives and is the property of of Sports Perspectives. The correct version of this piece can be viewed at https://sportsperspectives.com/2017/06/20/axsome-therapeutics-axsm-buy-rating-reiterated-at-aegis.html.

Institutional investors now hold around $32 million or 32.9% in AXSM stock.

Looking forward, the company is expected to report earnings of $-0.34 per share for the current quarter. Geode Capital Management LLC raised its position in shares of Axsome Therapeutics by 9.8% in the first quarter. Inside the closing six months period the stock's performance declined -24.59% while overall yearly performance lost -27.44%. The short ratio in the company's stock is documented at 4.35 and the short float is around of 8.38%.

Axsome Therapeutics, Inc. (AXSM) has 23.32 Million shares outstanding and 14.25 Million shares were floated in market. The third largest holder is Royce & Associates Lp, which now holds $3.61 million worth of this stock and that ownership represents almost 3.37% of its market capitalization. Its product candidates include AXS-02 and AXS-06 which are developing for multiple indications.



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