H.C. Wainwright Sticks to Its Buy Rating for Axsome Therapeutics Inc (AXSM)


H.C. Wainwright analyst Ram Selvaraju reiterated a Buy rating on Axsome Therapeutics Inc (NASDAQ: AXSM) today and set a price target of $10. The company’s shares closed yesterday at $2.30, close to its 52-week low of $2.05.

According to TipRanks.com, Selvaraju has 0 stars on 0-5 star ranking scale with an average return of -3.9% and a 35.2% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as IntelliPharmaCeutics International, Biospecifics Technologies Corp, and EyePoint Pharmaceuticals Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Axsome Therapeutics Inc with a $10 average price target.

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The company has a one-year high of $6.45 and a one-year low of $2.05. Currently, Axsome Therapeutics Inc has an average volume of 144.8K.

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Axsome Therapeutics, Inc. is a clinical stage biopharmaceutical company, which engages in developing novel therapies for the management of central nervous system disorders. Its product candidates include AXS-02 and AXS-06 which are developing for multiple indications.

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