Axsome Therapeutics, Inc. (AXSM)

NASDAQ: AXSM · IEX Real-Time Price · USD
71.71
+0.19 (0.27%)
At close: Apr 26, 2024, 4:00 PM
71.05
-0.66 (-0.92%)
After-hours: Apr 26, 2024, 7:24 PM EDT
0.27%
Market Cap 3.40B
Revenue (ttm) 270.60M
Net Income (ttm) -239.24M
Shares Out 47.37M
EPS (ttm) -5.27
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 264,277
Open 70.97
Previous Close 71.52
Day's Range 69.70 - 72.43
52-Week Range 55.02 - 98.40
Beta 1.10
Analysts Strong Buy
Price Target 119.92 (+67.23%)
Earnings Date May 6, 2024

About AXSM

Axsome Therapeutics, Inc., a biopharmaceutical company, engages in the development of novel therapies for 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 with multimodal activity indicated for the treatment of major depressive disorder; and Sunosi (solriamfetol), a medication indicated to the treatment of excessive daytime sleepiness in patients with narcolepsy or obstructive sleep apnea. It is also ... [Read more]

Industry Biotechnology
Sector Healthcare
IPO Date Nov 19, 2015
Employees 545
Stock Exchange NASDAQ
Ticker Symbol AXSM
Full Company Profile

Financial Performance

In 2023, AXSM's revenue was $270.60 million, an increase of 440.80% compared to the previous year's $50.04 million. Losses were -$239.24 million, 27.8% more than in 2022.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for AXSM stock is "Strong Buy." The 12-month stock price forecast is $119.92, which is an increase of 67.23% from the latest price.

Price Target
$119.92
(67.23% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Axsome Therapeutics Highlights Innovative Neuroscience Portfolio at the American Academy of Neurology (AAN) 2024 Annual Meeting

AXS-05 in Alzheimer's disease agitation data featured in oral plenary session New data for AXS-07 in migraine demonstrating efficacy in pooled analysis Presentations on cognitive and wake promoting ef...

11 days ago - GlobeNewsWire

Axsome Therapeutics to Report First Quarter 2024 Financial Results on May 6

NEW YORK, April 10, 2024 (GLOBE NEWSWIRE) -- Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company developing and delivering novel therapies for the management of central nervous syste...

16 days ago - GlobeNewsWire

Axsome Therapeutics Initiates ENGAGE Phase 3 Trial of Solriamfetol for the Treatment of Binge Eating Disorder

NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) -- Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company developing and delivering novel therapies for the management of central nervous syste...

25 days ago - GlobeNewsWire

Axsome Therapeutics Announces Results of CRESCENDO Narcolepsy Patient Survey Demonstrating Unmet Needs in Treated Narcolepsy Type 1 Patients

77% of narcolepsy type 1 patients continue to experience cataplexy attacks despite being treated 64% of narcolepsy type 1 patients continue to experience excessive daytime sleepiness, as assessed by t...

4 weeks ago - GlobeNewsWire

Axsome Therapeutics sleep disorder therapy succeeds in late-stage trial

Axsome Therapeutics said on Monday its therapy for a sleep disorder met the main goal of a late-stage study.

4 weeks ago - Reuters

Axsome Therapeutics Announces AXS-12 Achieves Primary Endpoint in the SYMPHONY Phase 3 Trial in Narcolepsy

AXS-12 statistically significantly reduced cataplexy attacks compared to placebo (p=0.018, primary endpoint) AXS-12 achieved statistically significant remission of cataplexy compared to placebo (p=0.0...

4 weeks ago - GlobeNewsWire

Axsome Therapeutics Initiates PARADIGM Phase 3 Trial of Solriamfetol for the Treatment of Major Depressive Disorder

NEW YORK, March 19, 2024 (GLOBE NEWSWIRE) -- Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company developing and delivering novel therapies for the management of central nervous syste...

5 weeks ago - GlobeNewsWire

Axsome Therapeutics to Present at the Leerink Partners Global Biopharma Conference

NEW YORK, March 05, 2024 (GLOBE NEWSWIRE) -- Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company developing and delivering novel therapies for the management of central nervous syste...

7 weeks ago - GlobeNewsWire

Axsome Therapeutics to Present at the TD Cowen 44th Annual Healthcare Conference

NEW YORK, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company developing and delivering novel therapies for the management of central nervous system...

2 months ago - GlobeNewsWire

Axsome Therapeutics Reports Fourth Quarter and Full Year 2023 Financial Results and Provides Business Update

Total 4Q and full year 2023 net product revenue of $71.5 million and $204.9 million, respectively, representing year-over-year growth of 193% and 309%

2 months ago - GlobeNewsWire

Axsome Therapeutics to Report Fourth Quarter and Full Year 2023 Financial Results on February 20

NEW YORK, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company developing and delivering novel therapies for the management of central nervous system...

3 months ago - GlobeNewsWire

Axsome Therapeutics Provides Preliminary Fourth Quarter and Full Year 2023 Net Revenue and 2024 Anticipated Milestones

Preliminary total 4Q and full year 2023 net product revenue of $71 million and $204 million, respectively Auvelity preliminary 4Q and full year 2023 net product sales of $49 million and $130 million, ...

4 months ago - GlobeNewsWire

Axsome Therapeutics Presents New Data and Post-Hoc Analyses of Auvelity® in Patients with Major Depressive Disorder at the American College of Neuropsychopharmacology (ACNP) 2023 Annual Meeting

New data on Auvelity's impact on quality of life, measured by the Q-LES-Q-SF, in patients who had received at least one prior treatment during their current depressive episode

4 months ago - GlobeNewsWire

Axsome Therapeutics Hosts Solriamfetol Virtual Investor Event with Expert Thought Leaders Today

NEW YORK, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company developing and delivering novel therapies for the management of central nervous system...

5 months ago - GlobeNewsWire

AXSM FINAL DEADLINE NOTICE: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Axsome Therapeutics, Inc. Investors to Secure Counsel Before Important December 7 Deadline in Securities Class Action - AXSM

NEW YORK , Nov. 26, 2023 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, reminds investors of the common stock of Axsome Therapeutics, Inc. ("Axsome") (NASDAQ: AXSM) of the re...

5 months ago - PRNewsWire

Axsome Therapeutics to Host Solriamfetol Virtual Investor Event on December 7

NEW YORK, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company developing and delivering novel therapies for the management of central nervous system...

5 months ago - GlobeNewsWire

Axsome Therapeutics to Present at the Piper Sandler 35th Annual Healthcare Conference

NEW YORK, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company developing and delivering novel therapies for the management of central nervous system...

5 months ago - GlobeNewsWire

ROSEN, A LEADING LAW FIRM, Encourages Axsome Therapeutics, Inc. Investors to Secure Counsel Before Important December 7 Deadline in Securities Class Action - AXSM

NEW YORK , Nov. 20, 2023 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, reminds investors of the common stock of Axsome Therapeutics, Inc. ("Axsome") (NASDAQ: AXSM) of the re...

5 months ago - PRNewsWire

Rosen Law Firm Announces the Reopening of the Lead Plaintiff Appointment Process in a Class Action Against Axsome Therapeutics, Inc. and Certain Officers – AXSM

NEW YORK--(BUSINESS WIRE)--Rosen Law Firm announces the reopening of the lead plaintiff appointment process in a class action lawsuit against Axsome Therapeutics, Inc. (“Axsome” or the “Company”) (NAS...

5 months ago - Business Wire

Axsome Therapeutics Reports Third Quarter 2023 Financial Results and Provides Business Update

Total 3Q 2023 product revenue of $57.8 million, representing 244% year-over-year growth Auvelity ® 3Q 2023 net product sales of $37.7 million, representing 36% quarter-over-quarter growth Sunosi ® 3Q ...

6 months ago - GlobeNewsWire

Axsome Therapeutics and the Global Alzheimer's Disease Community Come Together in Raising Support for the Millions Affected by This Illness During Alzheimer's Disease Awareness Month 2023

Axsome's headquarters to be lit in teal as part of the Alzheimer's Foundation of America awareness campaign Axsome's headquarters to be lit in teal as part of the Alzheimer's Foundation of America awa...

6 months ago - GlobeNewsWire

Axsome Therapeutics to Present at Upcoming Investor Conferences

NEW YORK, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company developing and delivering novel therapies for the management of central nervous system...

6 months ago - GlobeNewsWire

Axsome Therapeutics Presents Results of the ACCORD trial of AXS-05 in Alzheimer's Disease Agitation at the Clinical Trials on Alzheimer's Disease (CTAD) 2023 Conference

NEW YORK, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company developing and delivering novel therapies for the management of central nervous system...

6 months ago - GlobeNewsWire

Axsome Therapeutics to Report Third Quarter 2023 Financial Results on November 6

Axsome to host conference call and webcast on Monday, Nov. 6, 2023, at 8:00 a.m. Eastern Time Axsome to host conference call and webcast on Monday, Nov. 6, 2023, at 8:00 a.m. Eastern Time

7 months ago - GlobeNewsWire

Axsome Therapeutics Joins the National Alliance on Mental Illness and Others Advocating for the Importance of Mental Health on Mental Illness Awareness Week

NEW YORK, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company developing and delivering novel therapies for the management of central nervous system...

7 months ago - GlobeNewsWire