Axonics Inc [NASDAQ: AXNX] jumped around 0.53 points on Thursday, while shares priced at $70.98 at the close of the session, up 0.75%.
Compared to the average trading volume of 390.65K shares, AXNX reached a trading volume of 4197561 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Axonics Inc [AXNX]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AXNX shares is $71.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AXNX stock is a recommendation set at 2.78. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wolfe Research have made an estimate for Axonics Inc shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on January 09, 2024. While these analysts kept the previous recommendation, Robert W. Baird raised their target price to Outperform. The new note on the price target was released on July 19, 2023, representing the official price target for Axonics Inc stock. Previously, the target price had yet another raise to $70, while KeyBanc Capital Markets analysts kept a Overweight rating on AXNX stock.
The Average True Range (ATR) for Axonics Inc is set at 0.24, with the Price to Sales ratio for AXNX stock in the period of the last 12 months amounting to 8.40. The Price to Book ratio for the last quarter was 5.46, with the Price to Cash per share for the same quarter was set at 6.75. Price to Free Cash Flow for AXNX in the course of the last twelve months was 675.55 with Quick ratio for the last quarter at 6.40.
How has AXNX stock performed recently?
Axonics Inc [AXNX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.75. With this latest performance, AXNX shares gained by 1.05% in over the last four-week period, additionally plugging by 4.89% over the last 6 months – not to mention a rise of 25.27% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AXNX stock in for the last two-week period is set at 79.35, with the RSI for the last a single of trading hit 84.34, and the three-weeks RSI is set at 75.15 for Axonics Inc [AXNX]. The present Moving Average for the last 50 days of trading for this stock 69.83, while it was recorded at 70.56 for the last single week of trading, and 68.36 for the last 200 days.
Axonics Inc [AXNX]: Deeper insight into the fundamentals
Axonics Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.40 and a Current Ratio set at 8.16.
Insider trade positions for Axonics Inc [AXNX]
There are presently around $86.32%, or 87.42%% of AXNX stock, in the hands of institutional investors. The top three institutional holders of AXNX stocks are: VANGUARD GROUP INC with ownership of 5.04 million shares, which is approximately 9.8988%. BLACKROCK INC., holding 4.34 million shares of the stock with an approximate value of $$291.88 million in AXNX stocks shares; and BLACKROCK INC., currently with $$141.78 million in AXNX stock with ownership which is approximately 4.1409%.
