Anavex Life Sciences (NASDAQ:AVXL) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Anavex Life Sciences (NASDAQ:AVXL) released its earnings results on Monday. The biotechnology company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.03, Zacks reports.

Anavex Life Sciences Price Performance

Shares of Anavex Life Sciences stock opened at $8.63 on Monday. The firm has a market cap of $731.79 million, a price-to-earnings ratio of -17.26 and a beta of 0.73. The stock’s 50-day moving average is $7.69 and its 200-day moving average is $6.19. Anavex Life Sciences has a one year low of $3.25 and a one year high of $10.45.

Analyst Ratings Changes

Several brokerages have commented on AVXL. HC Wainwright reaffirmed a “buy” rating and issued a $40.00 target price on shares of Anavex Life Sciences in a research note on Wednesday, November 27th. D. Boral Capital reiterated a “buy” rating and issued a $46.00 price objective on shares of Anavex Life Sciences in a research report on Monday, November 25th.

Anavex Life Sciences Company Profile

Anavex Life Sciences Corp., a clinical stage biopharmaceutical company, engages in the development of therapeutics for the treatment of central nervous system diseases. Its lead product candidate is ANAVEX 2-73 for the treatment of Alzheimer's disease and Parkinson's disease, as well as other central nervous system diseases, including rare diseases, such as Rett syndrome, a rare severe neurological monogenic disorder; and infantile spasms, Fragile X syndrome, and Angelman syndrome.