Annexon, Inc. (ANNX) Stock Price & Analysis

Annexon, Inc. (ANNX) closed at USD 4.01 on Thursday, October 29, 2026, down 0.74% on the day. The US market is currently closed (after-hours); this is not a live price.

The prior close was USD 4.04; the Oct 29, 2026 session ranged USD 3.95–4.2 on volume of 3,284,752 shares. Market capitalization is $760.21M, with a 52-week range of USD 2.54–7.18 (NMS). Source: Nexqual, retrieved October 29, 2026 at 23:41 UTC.

Also available as compact Markdown for AI agents: nexqual.com/ANNX.md

Key facts (ANNX)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ANNX)

USDFY2021FY2022FY2023FY2024FY2025TTM
Operating income-$131M-$146M-$144M-$154M-$216M-$211M
Net income-$130M-$142M-$134M-$138M-$207M-$203M
EPS (diluted)-$3.40-$2.60-$1.77-$1.01-$1.34—
Free cash flow-$108M-$123M-$121M-$118M-$186M-$193M
Cash + short-term investments$243M$243M$260M$312M$238M—

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (ANNX)

P/B 4.1x · FCF yield -25.42% · Earnings yield -26.66%

Insider purchases (SEC Form 4, open-market, last ~7 months) (ANNX)

4 purchases, $3.5M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.

Trade dateInsiderRoleSharesValueAvg priceInsider type
2026-09-24Love DouglasPRESIDENT AND CEO26,065$100K3.83Routine (sold in Feb each year 2023–2025; this trade is outside those months)
2026-05-28Satter Muneer ADirector613,497$3.3M5.41Too little history (no open-market trades in 2024)
2026-05-11Carson William H.Director8,000$46K5.78Too little history (no open-market trades in 2023)
2026-04-10Carson William H.Director8,000$50K6.2Too little history (no open-market trades in 2023)

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Analysts (ANNX)

Consensus Buy (mean 2.00 on a 1–5 scale), 10 analysts; mean target USD 17 (low 7, high 27).

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-10-19HC Wainwright & Co.Target raisedBuy$14 → $25
2026-09-30JP MorganTarget raisedOverweight$14 → $15
2026-09-01JP MorganTarget raisedOverweight$10 → $14
2026-08-13CitizensUpgradeMarket Underperform → Market Perform
2026-07-21CitizensInitiatedMarket Underperform$3
2026-07-15NeedhamTarget raisedBuy$11 → $25

Total return (dividends reinvested) (ANNX)

1Y (from 2025-10-30)5Y (from 2021-10-25)
Total return+36.9%-75.4%
S&P 500 (SPY)+14.4%+79.1%
Per year+37.0%-24.4%
Volatility (annualized)73.0%90.0%
Max drawdown-51.0% (Jan 2026→Oct 2026)-91.1% (Nov 2021→Apr 2025)

Dividends (ANNX)

ANNX paid no cash dividend in the last five years.

Short interest (ANNX)

31,627,401 shares sold short, 17.66% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 32,871,995 shares (-3.8%). Days to cover: 9.4 (short shares ÷ average daily volume).

ANNX earnings history and stock reaction

Results filedQuarterEPSConsensusSurpriseStock reaction
Aug 12, 2026Quarter ended Jun 30, 2026−$0.28−$0.24Miss −16.7%-1.5%
May 7, 2026Quarter ended Mar 31, 2026−$0.23−$0.30Beat +23.3%-0.2%
Mar 30, 2026Quarter ended Dec 31, 2025−$0.28−$0.32Beat +12.5%+10.8%
Nov 10, 2025Quarter ended Sep 30, 2025−$0.37−$0.34Miss −8.8%+3.1%
Aug 14, 2025————-6.2%
May 12, 2025————+9.4%
Mar 3, 2025————-6.4%
Nov 14, 2024————-6.6%

EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

ANNX company outlook (results filed Aug 12, 2026)

Quoted word-for-word from the SEC 8-K results press release.

ANNX analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$-0.28$-0.25−$0.03$06
Next quarter (ends Dec 2026)$-0.27$-0.26−$0.01$06
Current fiscal year (ends Dec 2026)$-1.05$-0.98−$0.08$06
Next fiscal year (ends Dec 2027)$-1.07$-0.96−$0.11$35.3M6

ANNX options: expected move

Options price a move of about ±26.0% (±$1.05) by Nov 20, 2026, which includes earnings on Nov 9, 2026. Over the last 8 reports the stock moved ±5.5% on average.

ExpirationDaysATM implied volatilityExpected move
Nov 20, 202622117.5%±26.0%
Dec 18, 202650239.6%±69.3%
Jan 15, 202778458.2%±147.9%
Apr 16, 2027169434.4%±92.8%

30-day implied volatility 183.5% vs 73.9% realized over the last 30 trading days. Put/call ratio (volume) 0.01. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 29, 2026 at 23:41 UTC)

PriceUSD 4.01
Change▼ 0.74% (down)
Previous CloseUSD 4.04
OpenUSD 4.04
Day RangeUSD 3.95 – 4.2
52-Week RangeUSD 2.54 – 7.18
Volume3,284,752 shares
Market Cap$760.21M
ExchangeNMS

Technical Analysis (ANNX)

Nexqual's technical model rates ANNX "NEUTRAL" based on 2 bullish and 3 bearish signals across 127 daily candles, as of October 29, 2026 at 23:41 UTC.

Overall SignalNEUTRAL
RSI (14)54.14 (neutral)
vs SMA50Below (USD 4.23)
MACD-0.09 (negative)

Analyst Ratings (ANNX)

Wall Street analysts rate ANNX "Buy" based on 10 analysts, with a mean price target of USD 17 (range USD 7–27), per Nexqual as of October 29, 2026 at 23:41 UTC.

Consensus RatingBuy
Analyst Count10
Mean TargetUSD 17
High TargetUSD 27
Low TargetUSD 7
Buy / Hold / Sell8 / 2 / 0

Earnings (ANNX)

Next Earnings Date2026-11-09
EPS EstimateUSD -0.28
Revenue Estimate$0

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD -0.28 vs est -0.24 ▼ miss
2026-03-31USD -0.23 vs est -0.3 ▲ beat
2025-12-31USD -0.28 vs est -0.32 ▲ beat
2025-09-30USD -0.37 vs est -0.34 ▼ miss

Source: Nexqual, October 29, 2026 at 23:41 UTC.

Financials & Fundamentals (ANNX)

Gross Margin+0.00%
Operating Margin+0.00%
Profit Margin+0.00%
ROE-105.26%
Debt / Equity0.13
Current Ratio5.53
Total Cash$209.24M
Total Debt$24.65M

Source: Nexqual, October 29, 2026 at 23:41 UTC.

Financial Health Score (ANNX)

Nexqual rates Annexon, Inc.'s overall financial health "Mixed" across five dimensions, as of October 29, 2026 at 23:41 UTC.

GrowthMixed — No data
ProfitabilityWeak — Pre-revenue or very early stage
Balance SheetStrong — $209M cash vs $25M debt, net cash position
Cash FlowWeak — Operating cash flow -$186M (FY ended Dec 2025, 10-K)
EfficiencyCritical — ROE -109%, ROA -82.4% (last 4 quarters, SEC)

Ownership (ANNX)

Insider Ownership+0.44%
Institutional Ownership+103.47%
Shares Outstanding189.58M
Float163.76M
Short % of Float+17.66%

Source: Nexqual, October 29, 2026 at 23:41 UTC.

Leadership (ANNX)

Annexon, Inc. is led by Douglas E. Love Esq., CEO, President & Director, per Nexqual as of October 29, 2026 at 23:41 UTC.

CEO, President & DirectorDouglas E. Love Esq.
Executive VP, CFO & Corporate SecretaryJennifer Lew
Executive VP, Chief Innovation Officer & Chairman of the Scientific Advisory BoardTed Yednock
Chief Scientific Officer & Executive VPDean R. Artis
Senior Vice President of Translational MedicineHenk-Andre Kroon

Major Backers & Investors (ANNX)

Notable institutional backers of Annexon, Inc. include FMR, LLC, Fidelity, Redmile Group, LLC, according to Nexqual as of October 29, 2026 at 23:41 UTC.

Active Investors

InvestorStake
FMR, LLC10.3%
Fidelity7.06%
Redmile Group, LLC6.26%
BVF Inc.4.59%
Woodline Partners LP3.65%
MAK Capital One LLC3.09%
Goldman Sachs3.07%

Index Funds (Passive)

FundStake
BlackRock7.14%
State Street5.18%
Vanguard Group3.62%

Source: Nexqual, October 29, 2026 at 23:41 UTC.

From Annexon, Inc.'s Latest SEC 10-K Filing (filed 2026-03-30)

Key Strengths & Strategy (as disclosed to the SEC)

Partnerships

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 23:41 UTC. This page is informational and not investment advice.

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