Axovant Sciences (AXON) Reaches New 52-Week Low at $2.56
Axovant Sciences Ltd (NASDAQ:AXON) reached a new 52-week low during trading on Monday . The company traded as low as $2.56 and last traded at $5.37, with a volume of 1411500 shares changing hands. The stock had previously closed at $5.24.
A number of research firms recently commented on AXON. Chardan Capital reiterated a “sell” rating and issued a $3.00 price objective on shares of Axovant Sciences in a report on Saturday, September 23rd. BidaskClub upgraded Axovant Sciences from a “strong sell” rating to a “sell” rating in a report on Saturday, September 23rd. ValuEngine downgraded Axovant Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Evercore ISI reiterated an “outperform” rating and issued a $9.00 price objective (down previously from $30.00) on shares of Axovant Sciences in a report on Tuesday, September 26th. Finally, Cowen reiterated an “outperform” rating and issued a $25.00 price objective (down previously from $30.00) on shares of Axovant Sciences in a report on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $14.18.
The firm has a market capitalization of $250.90 and a price-to-earnings ratio of -2.32. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.94 and a current ratio of 5.94.
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Axovant Sciences Company Profile
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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