How to Buy Annexon Stock
Annexon Inc
Annexon, Inc. , a clinical-stage biopharmaceutical company, discovers and develops therapeutics for autoimmune, neurodegenerative, and ophthalmic disorders.
Annexon stock last closed at $6.25, down 1.12% from the previous day, and has increased 161.86% in one year. It has overperformed other stocks in the Biotechnology industry by 1.69 percentage points. Annexon stock is currently +298.09% from its 52-week low of $1.57, and -25.6% from its 52-week high of $8.40.
As of Sep 10, 2024, there are 105.65M shares of ANNX outstanding. The market value of ANNX is $660.34M. In the last 24 hours, 573,823 ANNX shares were traded.
How to Buy Annexon Stock
Not sure how to invest in Annexon stock? Here's how.
- Figure out where to buy Annexon stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you determine where to buy Annexon stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your brokerage account: Select your method of payment and add your information.
- Evaluate Annexon stock: The Annexon ticker symbol is ANNX. Is Annexon stock a good investment? Should you buy shares of ANNX? How do ANNX's underlying business fundamentals look? Do top analysts think Annexon is a good buy? Why has ANNX's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if ANNX is a good stock to buy).
- Place your ANNX purchase: Decide if you will purchase ANNX shares at the current market price or use a limit order to buy ANNX stock at a specific price.
- Keep an eye on your investment in ANNX: Create a watchlist to get live updates on your investment in Annexon shares.
Step 1: Figure out where to buy Annexon stock
You will need a brokerage account in order to access the NASDAQ market and buy ANNX stock.
Our favorite brokerage: eToro
Based on our research, eToro is the best stock brokerage. Here's why:
- You can invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
- Access to global markets: From Technology to Industrials, New York to London — you can fill your portfolio with stocks from the globe's leading exchanges.
- Social investing: eToro has a community with more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by creating an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal details so you can invest in ANNX today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create a new trading account.
- Send your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have finished signing up on one of the best stock trading apps, you need to deposit funds:
Check out the tutorial below if you need help depositing funds into your brokerage account.
Step 4: Evaluate Annexon stock
Once you have chosen the best place to buy Annexon stock, it's very important to research their stock prior to investing, so you truly wrap your head around the risk as well as the opportunity.
Annexon Numbers
Annexon Fundamentals
WallStreetZen was built to help everyday investors do better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on ANNX's stock page.
Is ANNX stock properly valued?
Analysts use many financial metrics, analyses, models, and charts to gauge ANNX's intrinsic value.
Using relative valuations metrics:
- ANNX could be undervalued based on its P/B ratio of 1.83x, relative to Biotechnology industry P/B ratio of 6.29x
You can do additional valuation analysis on ANNX's stock here.
ANNX Financials at a glance
Passed Health Checks:
- ANNX has a low debt to equity ratio of 0.13.
- ANNX has $369.73M in cash and short term investments. This is enough to cover its annual cash burn of $101.77M.
- ANNX has cash burn of 101770000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the ANNX balance sheet.
- There are more short-term assets than long-term liabilities on the ANNX balance sheet.
Do analysts think it's a good time to buy ANNX stock
Out of 5 sell side analysts who give ratings on ANNX, the consensus analyst rating on Annexon is a Strong Buy
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are forecasting on the Annexon stock forecast page.
ANNX Trading Indicators
Who is buying/selling ANNX?
Over the last year, executives and large shareholders at ANNX have bought more shares than they have sold.
Ted Yednock, EVP CHIEF INNOVATION OFFICER of ANNX, was the latest ANNX insider to sell. They sold $31,020.00 worth of ANNX stock on Sep 5, 2024.
Get more info about who owns ANNX stock here.
Can I get consistent income from ANNX stock?
No, Annexon doesn't provide an income stream by paying out dividends.
What others are saying about ANNX
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Place your ANNX purchase
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally the easiest way to buy. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a particular price, place a limit order.
Hit the Open button and your broker will place the order.
If you require more assistance investing in stocks on eToro, click the helpful video below:
Step 6: Keep an eye on your investment in ANNX
Now that you own some ANNX stock, you'll want to stay up-to-date on your new investment.
Start a watchlist to monitor your ANNX stock.
ANNX Feed
How to Buy Stock in Annexon
To reiterate, here are the 6 steps for buying Annexon stock:
- Figure out where to buy Annexon stock
- Sign up for a brokerage account
- Put funds into your brokerage account
- Evaluate Annexon stock
- Place your ANNX purchase
- Keep an eye on your investment in ANNX
If you require a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get the latest scoop on your investment in Annexon, add ANNX to your watchlist below.
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