Anavex Life Sciences Corp. (NASDAQ:AVXL): Is Breakeven Near? [Yahoo! Finance]
Anavex Life Sciences Corp. (AVXL)
NASDAQ:AMEX Investor Relations:
anavex.com/share-data
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Source: Yahoo! Finance
Anavex Life Sciences Corp., a clinical stage biopharmaceutical company, engages in the development of therapeutics for the treatment of central nervous system diseases. The US$466m market-cap company posted a loss in its most recent financial year of US$48m and a latest trailing-twelve-month loss of US$42m shrinking the gap between loss and breakeven. The most pressing concern for investors is Anavex Life Sciences' path to profitability – when will it breakeven? In this article, we will touch on the expectations for the company's growth and when analysts expect it to become profitable. Check out our latest analysis for Anavex Life Sciences According to the 3 industry analysts covering Anavex Life Sciences, the consensus is that breakeven is near. They anticipate the company to incur a final loss in 2024, before generating positive profits of US$80m in 2025. The company is therefore projected to breakeven just over a year from now. How fast will the company have to grow each year i
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News
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- Anavex Life Sciences Corp. (NASDAQ: AVXL) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $40.00 price target on the stock.MarketBeat