This summary was created by AI, based on 1 opinions in the last 12 months.
Experts are optimistic about Axsome Therapeutics' drug pipeline, particularly their lead depression drug in phase 3 trials and other potential treatments for smoking cessation, migraines, and narcolepsy. The company recently pre-announced positive sales on two key drugs, signaling strong potential for growth. With increased market interest in biotechs and positive analyst coverage, Axsome Therapeutics shows promise in the central nervous system drug market.
Axsome Therapeutics is a American stock, trading under the symbol AXSM-Q on the NASDAQ (AXSM). It is usually referred to as NASDAQ:AXSM or AXSM-Q
In the last year, 1 stock analyst published opinions about AXSM-Q. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Axsome Therapeutics.
Axsome Therapeutics was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Axsome Therapeutics.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
In the last year, there was no coverage of Axsome Therapeutics published on Stockchase.
On 2024-04-26, Axsome Therapeutics (AXSM-Q) stock closed at a price of $71.74.
They make drugs to treat the central nervous system, an area that rarely sees success. However, their drug pipeline looks promising. Their lead depression drug is in phase 3 trials, in early trials for smoking cessation, a migraine drug, and one for muscle weakness caused by narcolepsy. If all goes right, this stock could triple. Overall, the market is getting more interested in biotechs, and two analysts just started coverage (buy and outperform) on AXSM, based on their pipeline and cash flow. Last month, they pre-announced positive sales on two key drugs.