RBC Capital Mkts raised the price target for the Axonics Inc. (NASDAQ:AXNX) stock to “an Outperform”. The rating was released on October 21, 2022, according to finviz. The stock was initiated by Wolfe Research, who disclosed in a research note on April 06, 2022, to Outperform and set the price objective to $69. In their research brief published March 02, 2022, BofA Securities analysts resumed the Axonics Inc. stock to Buy with a price target of $70.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Axonics Inc. (NASDAQ:AXNX) raised 2.43% to close Wednesday’s market session at $64.96, higher as compared to yesterday’s close. The stock price fluctuated between $62.70 and $65.98 throughout the trading session with the volume trading being 495990 shares, which represented a significant variation when compared to the three months average volume of 617.42K shares. The firm’s stock price fluctuated 3.28% within the last five trades and -8.70% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 31.05% in the last 6 months and -12.20% was subtracted to its value over the previous 3 months. AXNX stock is trading at a margin of -0.06%, -5.48% and 5.03% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, AXNX deals in the Healthcare domain. The stock is trading -18.71 percent below its 52-week high and 69.12 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 11.2. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Axonics Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -32.80 percent and the profit margin is -31.40 percent, and the company has reported a gross margin of 70.60 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $3.17 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 13.18 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 5.58, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Dearen Danny L., the at Axonics Inc. (AXNX) has sold 656 shares of firm on Sep 13 at a price of $75.60 against the total amount of $49594.0. In another inside trade, Noblett Karen, Chief Medical Officer of Axonics Inc. (NASDAQ:AXNX) sold 32,483 shares of the firm on Sep 12 for a total worth of $2.54 million at a price of $78.16. An inside trade which took place on Sep 08, Chief Marketing Officer of Axonics Inc. Woock John sold 7,500 shares of firm against total price of $0.56 million at the cost of $75.00 per share.