5 Best 52-Week Low Stocks to Buy Now

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In this article, we discuss the 5 best 52-week low stocks to buy now. If you want to read our detailed analysis of these stocks, go directly to the 10 Best 52-Week Low Stocks to Buy Now.

5. Axsome Therapeutics, Inc. (NASDAQ: AXSM)

Number of hedge fund holders: 17
Price as of August 1, 2021: $48.59 

Axsome Therapeutics, Inc. (NASDAQ: AXSM) is a New York-based biopharma company. It is placed fifth on our list of 10 best 52-week low stocks to buy now. The company’s shares have declined 31% over the course of the past year. On May 10, the firm posted earnings for the first quarter, reporting earnings per share of -$0.78, beating market predictions by $0.04. The firm has a market cap of over $1.8 billion. The short interest on the stock is more than 9%. The firm was founded in 2012. 

On June 10, investment advisory Berenberg assumed coverage of Axsome Therapeutics, Inc. (NASDAQ: AXSM) stock with a Buy rating and a price target of $112. Esther Hong, an analyst at the firm, issued the ratings update. 

At the end of the first quarter of 2021, 17 hedge funds in the database of Insider Monkey held stakes worth $354 million in Axsome Therapeutics, Inc. (NASDAQ: AXSM), down from 22 in the previous quarter worth $523 million.


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