This summary was created by AI, based on 1 opinions in the last 12 months.
Axsome Therapeutics, symbol AXSM-Q, is exploring significant potential in the central nervous system drug market, a sector that traditionally struggles to yield success. Their current drug pipeline shows promise, particularly with their lead depression treatment advancing to phase 3 trials, which could indicate the company’s capability to address important health challenges. Additionally, early trials are underway for other conditions such as smoking cessation, migraines, and muscle weakness due to narcolepsy. The overall sentiment in the biotech market appears to be warming up, especially for Axsome, as evidenced by two analysts initiating coverage with positive ratings based on the company’s pipeline and cash flow. Recent pre-announcements of positive sales concerning two key drugs further bolster confidence in Axsome's growth trajectory.
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.
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In the last year, there was no coverage of Axsome Therapeutics published on Stockchase.
On 2025-02-04, Axsome Therapeutics (AXSM-Q) stock closed at a price of $112.89.
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.