Axogen Inc. (NASDAQ: AXGN)’s stock price has dropped by -5.66 in relation to previous closing price of 14.14. Nevertheless, the company has seen a loss of -3.33% in its stock price over the last five trading days. zacks.com reported 2024-09-23 that Bioventus, Great Lakes Dredge & Dock, and AxoGen have been selected as the breakout stocks for today.
Is It Worth Investing in Axogen Inc. (NASDAQ: AXGN) Right Now?
Company’s 36-month beta value is 1.13.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for AXGN is 41.33M, and currently, short sellers hold a 3.94% ratio of that floaft. The average trading volume of AXGN on October 04, 2024 was 443.08K shares.
AXGN’s Market Performance
AXGN’s stock has seen a -3.33% decrease for the week, with a 2.14% rise in the past month and a 76.92% gain in the past quarter. The volatility ratio for the week is 3.79%, and the volatility levels for the past 30 days are at 3.86% for Axogen Inc. The simple moving average for the past 20 days is -4.03% for AXGN’s stock, with a 49.58% simple moving average for the past 200 days.
Analysts’ Opinion of AXGN
Many brokerage firms have already submitted their reports for AXGN stocks, with Raymond James repeating the rating for AXGN by listing it as a “Outperform.” The predicted price for AXGN in the upcoming period, according to Raymond James is $13 based on the research report published on July 01, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see AXGN reach a price target of $15. The rating they have provided for AXGN stocks is “Buy” according to the report published on November 11th, 2022.
Canaccord Genuity gave a rating of “Buy” to AXGN, setting the target price at $15 in the report published on May 09th of the previous year.
AXGN Trading at 10.76% from the 50-Day Moving Average
After a stumble in the market that brought AXGN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.52% of loss for the given period.
Volatility was left at 3.86%, however, over the last 30 days, the volatility rate increased by 3.79%, as shares surge +0.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +43.91% upper at present.
During the last 5 trading sessions, AXGN fell by -3.33%, which changed the moving average for the period of 200-days by +82.99% in comparison to the 20-day moving average, which settled at $13.90. In addition, Axogen Inc. saw 95.31% 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 AXGN starting from Zaderej Karen L., who proposed sale 150,000 shares at the price of $13.00 back on Sep 05 ’24. After this action, Zaderej Karen L. now owns shares of Axogen Inc., valued at $1,950,000 using the latest closing price.
Donovan Michael Patrick, the Officer of Axogen Inc., proposed sale 28,003 shares at $12.42 during a trade that took place back on Aug 21 ’24, which means that Donovan Michael Patrick is holding shares at $347,810 based on the most recent closing price.
Stock Fundamentals for AXGN
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.78 for the gross margin
The net margin for Axogen Inc. stands at -0.1. The total capital return value is set at -0.07. Equity return is now at value -17.15, with -8.69 for asset returns.
Based on Axogen Inc. (AXGN), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at -0.14. The debt to equity ratio resting at 0.51. The interest coverage ratio of the stock is -1.69.
Currently, EBITDA for the company is -15.91 million with net debt to EBITDA at -8.78. When we switch over and look at the enterprise to sales, we see a ratio of 3.62. The receivables turnover for the company is 6.9for trailing twelve months and the total asset turnover is 0.92. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.51.
Conclusion
In a nutshell, Axogen Inc. (AXGN) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
