Axogen Inc (NASDAQ: AXGN) is 106.00% higher on its value in year-to-date trading and has touched a low of $5.55 and a high of $15.90 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 AXGN stock was last observed hovering at around $13.61 in the last trading session, with the day’s gains setting it 0.46%.
Currently trading at $14.07, the stock is 4.49% and 2.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.19 million and changing 3.38% at the moment leaves the stock 41.32% off its SMA200. AXGN registered 126.21% gain for a year compared to 6-month gain of 101.00%. The firm has a 50-day simple moving average (SMA 50) of $13.7096 and a 200-day simple moving average (SMA200) of $9.9347.
The stock witnessed a 0.79% loss in the last 1 month and extending the period to 3 months gives it a 8.31%, and is 9.07% up 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 3.67% over the week and 6.58% over the month.
Axogen Inc (AXGN) has around 428 employees, a market worth around $619.19M and $180.86M in sales. Fwd P/E is 44.43. Profit margin for the company is -7.91%. Distance from 52-week low is 153.51% and -11.51% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.60%).
The EPS is expected to grow by 145.10% this year
210.0 institutions hold shares in Axogen Inc (AXGN), with institutional investors hold 89.58% of the company’s shares. The shares outstanding are 43.12M, and float is at 41.49M with Short Float at 2.53%. Institutions hold 84.60% of the Float.
The top institutional shareholder in the company is ARROWMARK COLORADO HOLDINGS LLC with over 5.12 million shares valued at $37.04 million. The investor’s holdings represent 11.8348 of the AXGN Shares outstanding. As of 2024-06-30, the second largest holder is FIRST LIGHT ASSET MANAGEMENT, LLC with 3.34 million shares valued at $24.21 million to account for 7.7349 of the shares outstanding. The other top investors are SOLEUS CAPITAL MANAGEMENT, L.P. which holds 3.31 million shares representing 7.6465 and valued at over $23.93 million, while BLACKROCK INC. holds 7.5159 of the shares totaling 3.25 million with a market value of $23.53 million.
Axogen Inc (AXGN) Insider Activity
Still, SEC filings show that on Aug 21 ’24, Donovan Michael Patrick (Officer) Proposed Sale 28,003 shares at an average price of $12.42 for $0.35 million. The insider now directly holds shares of Axogen Inc (AXGN).
