Axsome Thera AXSM

$145.04 -11.03 (-7.07%)

Valuation

Market cap
8,175,103,000
Revenue TTM
$638,500,000
Net income TTM
$-183,170,000
PE ratio
0.00
Forward PE
—
Profit margin
-28.69%
Debt to equity
1.42

Trading

Volume
1,593,500
Avg volume
733,244
Day's range
$143.90 – $154.74
Shares out
52,381,000
Stochastic %K
4%
Beta
0.86
Analysts
Strong Sell
Price target
$278.45

Price

Company profile

Axsome Therapeutics, Inc., a biopharmaceutical company, develops and delivers novel therapies for the management of central nervous system (CNS) disorders in the United States. The company's commercial product portfolio includes Auvelity (dextromethorphan-bupropion), a N-methyl-D-aspartate receptor antagonist, sigma-1 receptor agonist, aminoketone, and CYP2D6 inhibitor indicated for the treatment of major depressive...

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Axsome Therapeutics, Inc., a biopharmaceutical company, develops and delivers novel therapies for the management of central nervous system (CNS) disorders in the United States. The company's commercial product portfolio includes Auvelity (dextromethorphan-bupropion), a N-methyl-D-aspartate receptor antagonist, sigma-1 receptor agonist, aminoketone, and CYP2D6 inhibitor indicated for the treatment of major depressive disorder in adults; Sunosi (solriamfetol), a dopamine and norepinephrine reuptake inhibitor, trace amine-associated receptor 1 agonist, and 5-HT1A agonist indicated for the treatment of excessive daytime sleepiness in patients with narcolepsy or obstructive sleep apnea; and Symbravo (MoSEIC meloxicam rizatriptan), or AXS-07, a rapidly absorbed, multi-mechanistic, selective COX-2 inhibitor, and 5-HT1B/1D agonist indicated for the acute treatment of migraine with or without aura. It also develops AXS-05 (dextromethorphan-bupropion), an investigational N-methyl-D-aspartate receptor antagonist, which has completed Phase III clinical trial to treat Alzheimer's disease agitation, as well as that has completed phase II clinical trial for the treatment of smoking cessation; AXS-12 (reboxetine), a highly selective and potent norepinephrine reuptake inhibitor and cortical dopamine modulator, which has completed Phase II trial to treat narcolepsy; AXS-14 (esreboxetine), a selective and potent norepinephrine reuptake inhibitor that has completed Phase III trial for the treatment of fibromyalgia and other conditions; and Solriamfetol, a dopamine and norepinephrine reuptake inhibitor, which is in Phase III trial for treating attention deficit hyperactivity, major depressive, binge eating, and excessive sleepiness associated with shift work disorder. It has a research collaboration agreement with Duke University for evaluating AXS-05 in a Phase 2 clinical trial in smoking cessation treatment. The company was incorporated in 2012 and is based in New York, New York.

Industry
Biotechnology
Sector
Healthcare
Phone
212 332 3241
Website
https://www.axsome.com
Address
One World Trade Center, 29th Floor, New York, United States

Latest news

Stocktwits

diane20 Oct 24, 3:49 PM
$AXSM as CEO doesn’t need the money, I’m thinking it’s all about power. He wants to be recognized and he wants to make this company into a respected, successful leader in the neuro space . Remember when out of the blue he sent out press release saying he valued the company at $16 bil (or whatever it was )? Why did he do that ? Were there low ball suitors and he was making it known not to bother with offers ? Would he sell? I’m not so sure. Would have to be a crazy offer IMHO. He’s made some missteps and he’s made some brilliant moves . Street seems to think he blew the launch . Would he sell now and go down as a failed CEO? I don’t think so. I know of no other Haitian CEO out there. He has something to prove ? I have not lost faith in him. I remain bullish. And patient.
1 replies
quickaspeter Oct 24, 1:28 PM
$AXSM 🎯 thanks for your insight!
0 replies
Mike826_1999 Oct 24, 9:50 AM
$AXSM I’m waiting for the ER to see Auvelity’s sales performance. As I’ve mentioned, now that Auvelity is approved for ADA, I believe that if an ex-US licensing deal isn’t announced, a sale of the company is likely. At this point, I’m simply waiting to see how things unfold. Either an ex-US deal or a sale are in the works. There’s not much more for me to add until we get some meaningful news.
3 replies
Fabenfabio Oct 24, 7:37 AM
$AXSM This collapse is a very hard blow. However, looking back at the past nine years—the period they have been shareholders—there has been a decline of about 45% from the high of 260; this is in line with other corrections—in fact, it is not even the worst one. Still, I hope for a vigorous recovery starting November 2nd, because one never truly gets used to corrections like these.
2 replies
Delphi22 Oct 24, 3:25 AM
$AXSM Mike you are noticeably quiet. Any thoughts regarding the dramatic drop in price?
1 replies
Vakeshka Oct 24, 2:06 AM
$AXSM checked the Cafepharma board. Looks like, unlike multiple posts b__ching about the sales VP in August and early Sep, very few messages in the last couple of weeks. Perhaps things have settled down and the team is back to selling the product? They have the best antidepressant and the best ADA medicine in huge markets in desperate need- just have to get their s--t together :-)
1 replies
VolumeSpreadAnalysis Oct 24, 12:52 AM
$AXSM Price: $145.04 Volume: Above average Catalyst: Continued investor optimism around Symbravo and ongoing CNS pipeline progress is fueling fresh buying interest. Resistance: $152.00 Support: $138.50 Bull case: A clean break above $152 on strong volume could open the door toward new highs as momentum traders pile in. Bear case: Failure to hold $138.50 support risks a slide back toward the low $130S as profit-taking kicks in. What I'm watching: Watching for volume confirmation on any move through resistance before adding exposure. Note: I’m not a financial advisor or a market predictor, and I don’t offer any premium subscriptions or paid services. Feel free to check out the link in my bio: @VolumeSpreadAnalysis
0 replies
Georgejj Oct 24, 12:06 AM
$AXSM A review of dextromethorphan and bupropion (Auvelity™) for the treatment of agitation in Alzheimer’s disease "...available evidence indicates that the use of dextromethorphan/bupropion is well tolerated and beneficial in reducing agitation in AD. Additional benefits include the lack of sedation, cognitive decline or risk of death when used in individuals with AD. ..." https://pmc.ncbi.nlm.nih.gov/articles/PMC13674975/ Good luck and GOD bless,
0 replies