Axonics Inc (AXNX) Stock Price and Analyst Predictions

The stock has a 36-month beta value of 0.59. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for AXNX is 50.44M, and at present, short sellers hold a 5.84% of that float. On April 03, 2024, the average trading volume of AXNX was 1.34M shares.

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AXNX) stock’s latest price update

The stock of Axonics Inc (NASDAQ: AXNX) has decreased by -0.42 when compared to last closing price of 69.21. Despite this, the company has experienced a 0.28% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-29 that Axonics (AXNX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

AXNX’s Market Performance

AXNX’s stock has risen by 0.28% in the past week, with a monthly rise of 1.76% and a quarterly rise of 10.75%. The volatility ratio for the week is 0.44% while the volatility levels for the last 30 days are 0.63% for Axonics Inc The simple moving average for the past 20 days is 1.11% for AXNX’s stock, with a 16.21% simple moving average for the past 200 days.

Analysts’ Opinion of AXNX

Robert W. Baird, on the other hand, stated in their research note that they expect to see AXNX reach a price target of $69. The rating they have provided for AXNX stocks is “Outperform” according to the report published on July 19th, 2023.

KeyBanc Capital Markets gave a rating of “Overweight” to AXNX, setting the target price at $70 in the report published on July 13th of the previous year.

AXNX Trading at 1.25% from the 50-Day Moving Average

After a stumble in the market that brought AXNX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.09% of loss for the given period.

Volatility was left at 0.63%, however, over the last 30 days, the volatility rate increased by 0.44%, as shares surge +1.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.37% upper at present.

During the last 5 trading sessions, AXNX rose by +0.28%, which changed the moving average for the period of 200-days by +35.46% in comparison to the 20-day moving average, which settled at $68.23. In addition, Axonics Inc saw 10.75% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at AXNX starting from COHEN RAYMOND W, who sale 35,161 shares at the price of $67.74 back on Jan 31 ’24. After this action, COHEN RAYMOND W now owns 188,835 shares of Axonics Inc, valued at $2,381,662 using the latest closing price.

Ford Alfred J Jr, the Chief Commercial Officer of Axonics Inc, sale 16,615 shares at $67.74 during a trade that took place back on Jan 31 ’24, which means that Ford Alfred J Jr is holding 43,450 shares at $1,125,432 based on the most recent closing price.

Stock Fundamentals for AXNX

Current profitability levels for the company are sitting at:

  • 0.04 for the present operating margin
  • 0.68 for the gross margin

The net margin for Axonics Inc stands at -0.02. The total capital return value is set at 0.02. Equity return is now at value -1.01, with -0.88 for asset returns.

Based on Axonics Inc (AXNX), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at -0.07. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is 12.06.

Currently, EBITDA for the company is 8.68 million with net debt to EBITDA at -2.78. When we switch over and look at the enterprise to sales, we see a ratio of 11.61. The receivables turnover for the company is 5.17for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.73.

Conclusion

To sum up, Axonics Inc (AXNX) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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