A Look At Axsome Therapeutics (AXSM) Valuation After AUVELITY Alzheimer’s Agitation Launch Plans And Earnings Update
Axsome Therapeutics (AXSM) is gaining attention after announcing plans to launch AUVELITY for Alzheimer’s disease agitation in June, supported by an expanded sales force and anticipated broad Medicare Part D coverage. The stock has seen significant momentum, including a 26.11% return over 30 days and 116.63% over one year, and is currently trading at a 16% discount to the average analyst price target. While some narratives suggest it's undervalued with a fair value of $266.94, others point to its rich P/S ratio (16.9x) compared to industry averages, raising questions about whether its growth can justify the premium.