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AXSM

Axsome Therapeutics, Inc.

AXSM

NASDAQ·Healthcare·Biotechnology·Mkt cap $12.4B

$244.31

+1.52%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$96.09 - $260.19

P/E

-65.50

Fwd P/E

425.46

Beta

0.60

Div Yield

0.00%

Avg Vol

871.1K

Shares Out

51.2M

Mkt Cap

$12.4B

Price action

Price chart

Up 131.6% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Advanced multi-mechanistic drug development
  • Diverse clinical-stage pharmaceutical pipeline
  • Strategic research collaborations
  • Focused neurological treatment expertise

Bear Case

2 risks

  • Low volatility (beta 0.6).
  • Growth premium of 17.6x vs Biotech & Therapeutics peers. Significant premium - requires sustained high growth to justify.

Growth

Turning profitable

Expanding CNS treatment market

Value

Growth premium of 17.6x vs Biotech & Therapeutics peers. Significant premium - requires sustained high growth to justify.

Momentum

Hot

+42.8% over 3m

Quality

Excellent

High-growth business (64% revenue growth, 93% gross margin). Pre-profit but investing in growth.

Dividend

None

No dividend

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Aug 3, 2026

Q2 26 RECAP

MAY 4, 2026

Reported EPS of -$1.26 vs -$0.85 consensus (-48.2% surprise). Revenue of $189.4M vs $191.1M expected (-0.9%).

EPS miss
Revenue miss

EPS surprise · last 4Q

0 of 1 beats

Q2 26

-48.2%

Next: Aug 3, 2026

Revenue trend · last 8Q

+66%

+62%

+72%

+63%

+65%

+57%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$87.2M

$104.8M

$118.8M

$121.5M

$150.0M

$171.0M

$196.0M

$191.2M

Margins · last 8Q

Gross

Operating

Profit

-33.8%

Wall Street consensus

13 analysts · 100% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

13

100%

Hold

0%

Sell

0%

Median Price Target

$267.00

+9.3% vs $244.31

Low $217.00
Median $267.00
High $302.00

Latest: TD Cowen · Jun 17, 2026

12 analysts covering

vs Industry

How AXSM stacks vs Biotechnology

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.