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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 $7.81, up 13.52% from the previous day, and has increased 101.29% in one year. It has overperformed other stocks in the Biotechnology industry by 1.07 percentage points. Annexon stock is currently +397.45% from its 52-week low of $1.57, and -7.02% from its 52-week high of $8.40.

As of Mar 27, 2024, there are 90.03M shares of ANNX outstanding. The market value of ANNX is $703.10M. In the last 24 hours, 5.56M ANNX shares were traded.

How to Buy Annexon Stock

Not sure how to invest in Annexon stock? Here's how.
  1. 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.
  2. Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Put funds into your brokerage account: Select your method of payment and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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 Account
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Step 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

  1. Click here to get started.
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  2. Enter your personal info to create a new trading account.
  1. Send your data by clicking the "Create Account" button.
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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.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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

ANNX Price
$7.81
1w %
32.6%
1y %
101.29%
5y %
N/A
P/E
-4.41x
P/B
2.81x
P/S
N/A
PEG
N/A
Revenue
$0.00
Earnings
-$134.24M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$703.10M
Next Earnings
May 6, 2024
Next Dividend
N/A

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 2.81x, relative to Biotechnology industry P/B ratio of 6.2x

You can do additional valuation analysis on ANNX's stock here.

ANNX Financials at a glance

Passed Health Checks:

  • Total ANNX debt is lower than 5 years ago, relative to shareholder equity.
  • ANNX has $260.75M in cash and short term investments. This is enough to cover its annual cash burn of $121.34M.
  • ANNX has a low debt to equity ratio of 0.19.
  • There are more short-term assets than short-term liabilities on the ANNX balance sheet.
  • ANNX has cash burn of 121335000. It has enough cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than long-term liabilities on the ANNX balance sheet.

Do Wall Street analysts think it's a good time to buy Annexon stock

Out of 5 sell side analysts who give recommendations on ANNX, the consensus analyst rating on Annexon is a Strong Buy

Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.

You can dive deeper into what analysts are saying on the Annexon stock forecast page.

ANNX Momentum

SMA10
6.48
SMA20
5.88
SMA50
5.28
SMA100
4.21
SMA200
3.51
MACD
0.52
MACD Signal
0.35
MACD Histogram
0.17
RSI
70.75
Stochastic %K
77.43
Stochastic %D
73.74
StochRSI %K
90.35
StochRSI %D
85.66

Latest Insiders Trades at ANNX

Over the last year, insiders at ANNX have bought more shares than they have sold.

Jennifer Lew, EVP CHIEF FINANCIAL OFFICER of ANNX, was the latest ANNX insider to sell. They sold $14,339.29 worth of ANNX stock on Feb 20, 2024.

Dig into more about who owns ANNX shares here.

Can I rely on ANNX as an income stream?

No, Annexon doesn't provide an income stream by paying out dividends.

ANNX Social Trading Data

One of the major reasons eToro is our favorite brokerage is because of its social trading community.

Click below to learn what other investors 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 security at the best price on the market.
    Market orders are mostly fine for most investors.
  • Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
    If you want to be certain you're buying or selling at an exact price limit, place a limit order.

Hit the Open Trade button and eToro will place your order.

If you require more info about buying stocks on eToro, watch the helpful video below:

Open eToro Account

Step 6: Keep an eye on your investment in ANNX

Now that you own some shares in ANNX, you'll want to stay up-to-date on your investment.

Make a watchlist to keep track of your ANNX stock.

ANNX Feed

How to Buy Stock in Annexon

To reiterate, here are the 6 steps to buy stock in Annexon:

  1. Figure out where to buy Annexon stock
  2. Sign up for a brokerage account
  3. Put funds into your brokerage account
  4. Evaluate Annexon stock
  5. Place your ANNX purchase
  6. Keep an eye on your investment in ANNX

If you need a brokerage account, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get notifications regarding your investment in Annexon, create your watchlist below.

NASDAQ: ANNX
$7.81+0.93 (+13.52%)
Updated Mar 27, 2024
Open eToro Account
NASDAQ: ANNX
$7.81+0.93 (+13.52%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Annexon share?

As of Mar 27, 2024, it costs $7.81 to buy one share of Annexon stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $3, you can buy 0.384 shares of ANNX.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Annexon stock?

According to 5 Wall Street analysts who monitor Annexon, their consensus recommendation is to buy Annexon stock.

What is the best way to buy Annexon stock?

One way to place an order for Annexon stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.