Axonics Inc (NASDAQ: AXNX) is 8.85% higher on its value in year-to-date trading and has touched a low of $47.59 and a high of $69.68 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AXNX stock was last observed hovering at around $69.65 in the last trading session, with the day’s loss setting it -1.91%.
Currently trading at $67.74, the stock is -0.88% and -0.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.92 million and changing -2.74% at the moment leaves the stock 13.88% off its SMA200. AXNX registered 23.66% gain for a year compared to 6-month gain of 22.54%. The firm has a 50-day simple moving average (SMA 50) of $8.57 and a 200-day simple moving average (SMA200) of $403.68.
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The stock witnessed a 0.53% loss in the last 1 month and extending the period to 3 months gives it a 19.53%, and is -1.68% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.57% over the week and 0.63% over the month.
Axonics Inc (AXNX) has around 797 employees, a market worth around $3.45B and $366.38M in sales. Fwd P/E is 95.11. Profit margin for the company is -1.66%. Distance from 52-week low is 42.34% and -2.78% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.92%).
Axonics Inc quarterly earnings per share for the current quarter are estimated at -$0.1 with sales reaching $88.37M over the same period.The EPS is expected to grow by 399.34% this year, but quarterly earnings will post 22.60% year-over-year. Quarterly sales are estimated to grow 25.10% in year-over-year returns.
325 institutions hold shares in Axonics Inc (AXNX), with institutional investors hold 103.20% of the company’s shares. The shares outstanding are 50.77M, and float is at 50.44M with Short Float at 5.84%. Institutions hold 102.09% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 5.33 million shares valued at $269.22 million. The investor’s holdings represent 10.57% of the AXNX Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 3.76 million shares valued at $189.95 million to account for 7.46% of the shares outstanding. The other top investors are FMR, LLC which holds 2.65 million shares representing 5.26% and valued at over $133.92 million, while Bellevue Group AG holds 4.41% of the shares totaling 2.22 million with a market value of $112.22 million.
Axonics Inc (AXNX) Insider Activity
The most recent transaction is an insider sale by COHEN RAYMOND W, the company’s Chief Executive Officer. SEC filings show that COHEN RAYMOND W sold 35,161 shares of the company’s common stock on Jan 31 ’24 at a price of $67.74 per share for a total of $2.38 million. Following the sale, the insider now owns 0.19 million shares.
Axonics Inc disclosed in a document filed with the SEC on Jan 31 ’24 that Ford Alfred J Jr (Chief Commercial Officer) sold a total of 16,615 shares of the company’s common stock. The trade occurred on Jan 31 ’24 and was made at $67.74 per share for $1.13 million. Following the transaction, the insider now directly holds 43450.0 shares of the AXNX stock.
Still, SEC filings show that on Jan 31 ’24, Woock John (EVP, Chief Mktg/Strtgy Officer) disposed off 15,899 shares at an average price of $67.74 for $1.08 million. The insider now directly holds 77,403 shares of Axonics Inc (AXNX).
