A share price of Axonics Inc [AXNX] is currently trading at $70.98, up 0.75%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AXNX shares have gain 0.75% over the last week, with a monthly amount glided 1.05%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Axonics Inc [NASDAQ: AXNX] stock has seen the most recent analyst activity on January 09, 2024, when Wolfe Research downgraded its rating to a Peer Perform. Previously, Robert W. Baird started tracking the stock with Outperform rating on July 19, 2023, and set its price target to $69. On July 13, 2023, KeyBanc Capital Markets initiated with a Overweight rating and assigned a price target of $70 on the stock. CL King started tracking the stock assigning a Buy rating and suggested a price target of $75 on May 23, 2023. Mizuho initiated its recommendation with a Buy and recommended $75 as its price target on April 14, 2023. Needham upgraded its rating to Buy for this stock on March 24, 2023, but kept the price target unchanged to $71. In a note dated October 21, 2022, RBC Capital Mkts initiated an Outperform rating and provided a target price of $85 on this stock.
Axonics Inc experienced fluctuations in its stock price throughout the past year between $53.99 and $70.75. Currently, Wall Street analysts expect the stock to reach $71 within the next 12 months. Axonics Inc [NASDAQ: AXNX] shares were valued at $70.98 at the most recent close of the market. An investor can expect a potential return of 0.03% based on the average AXNX price forecast.
Analyzing the AXNX fundamentals
Trailing Twelve Months sales for Axonics Inc [NASDAQ:AXNX] were 431.90M which represents 24.80% growth. Gross Profit Margin for this corporation currently stands at 0.76% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.01 and Total Capital is -0.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 70.55 points at the first support level, and at 70.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 71.23, and for the 2nd resistance point, it is at 71.48.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Axonics Inc [NASDAQ:AXNX] is 8.16. Also, the Quick Ratio is 6.40, while the Cash Ratio stands at 3.72. Considering the valuation of this stock, the price to sales ratio is 8.40, the price to book ratio is 5.46.
Transactions by insiders
Recent insider trading involved Keese Kari Leigh, Chief Financial Officer, that happened on Oct 02 ’24 when 2961.0 shares were sold. Chief Medical Officer, Noblett Karen completed a deal on Jan 31 ’24 to sell 11288.0 shares. Meanwhile, EVP, Chief Mktg/Strtgy Officer Woock John sold 15899.0 shares on Jan 31 ’24.
