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Axsome (AXSM) Stock Jumps 22.8%: Will It Continue to Soar?
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Axsome Therapeutics (AXSM - Free Report) shares rallied 22.8% in the last trading session to close at $182.64. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 4.7% gain over the past four weeks.
The stock rallied after the company announced that the FDA has accepted and granted priority review to its supplemental new drug application seeking approval for AXS-05 as a treatment for Alzheimer’s disease agitation. A final decision from the FDA is expected on April 30, 2026.
This biopharmaceutical company is expected to post quarterly loss of $0.75 per share in its upcoming report, which represents a year-over-year change of +21.9%. Revenues are expected to be $187.9 million, up 58.2% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Axsome, the consensus EPS estimate for the quarter has been revised 2.7% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on AXSM going forward to see if this recent jump can turn into more strength down the road.
Axsome is a member of the Zacks Medical - Biomedical and Genetics industry. One other stock in the same industry, Amgen (AMGN - Free Report) , finished the last trading session 0.4% lower at $327.31. AMGN has returned -2.9% over the past month.
Amgen's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $4.74. Compared to the company's year-ago EPS, this represents a change of -10.7%. Amgen currently boasts a Zacks Rank of #3 (Hold).
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Axsome (AXSM) Stock Jumps 22.8%: Will It Continue to Soar?
Axsome Therapeutics (AXSM - Free Report) shares rallied 22.8% in the last trading session to close at $182.64. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 4.7% gain over the past four weeks.
The stock rallied after the company announced that the FDA has accepted and granted priority review to its supplemental new drug application seeking approval for AXS-05 as a treatment for Alzheimer’s disease agitation. A final decision from the FDA is expected on April 30, 2026.
This biopharmaceutical company is expected to post quarterly loss of $0.75 per share in its upcoming report, which represents a year-over-year change of +21.9%. Revenues are expected to be $187.9 million, up 58.2% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Axsome, the consensus EPS estimate for the quarter has been revised 2.7% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on AXSM going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Axsome is a member of the Zacks Medical - Biomedical and Genetics industry. One other stock in the same industry, Amgen (AMGN - Free Report) , finished the last trading session 0.4% lower at $327.31. AMGN has returned -2.9% over the past month.
Amgen's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $4.74. Compared to the company's year-ago EPS, this represents a change of -10.7%. Amgen currently boasts a Zacks Rank of #3 (Hold).