Axsome Therapeutics (AXSM) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Axsome Therapeutics (NASDAQ:AXSM) posted its earnings results on Friday. The company reported ($0.31) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.02, MarketWatch Earnings reports.
NASDAQ:AXSM traded down $0.05 during mid-day trading on Friday, reaching $3.87. 448,120 shares of the company were exchanged, compared to its average volume of 336,109. Axsome Therapeutics has a 12 month low of $2.05 and a 12 month high of $5.95. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.74. The firm has a market cap of $102.91 million, a P/E ratio of -3.12 and a beta of -0.51.
Several equities research analysts have recently weighed in on AXSM shares. Zacks Investment Research lowered shares of Axsome Therapeutics from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. ValuEngine raised shares of Axsome Therapeutics from a “hold” rating to a “buy” rating in a report on Wednesday. HC Wainwright set a $10.00 target price on shares of Axsome Therapeutics and gave the stock a “buy” rating in a report on Tuesday, October 9th. Finally, LADENBURG THALM/SH SH set a $5.00 target price on shares of Axsome Therapeutics and gave the stock a “buy” rating in a report on Wednesday, October 17th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Axsome Therapeutics presently has a consensus rating of “Buy” and a consensus target price of $10.10.
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Axsome Therapeutics Company Profile
Axsome Therapeutics, Inc, a clinical stage biopharmaceutical company, is developing novel therapies for central nervous system (CNS) disorders. Its product candidate portfolio includes AXS-05, AXS-09, AXS-02, AXS-07, and AXS-06. AXS-05 is in the Phase III clinical trial in treatment resistant depression and in agitation associated with Alzheimer's disease, as well as in the Phase II clinical trial for smoking cessation.
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