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Tuesday, March 21, 2023

Axonics Inc. (NASDAQ: AXNX) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Axonics Inc. (AXNX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.07, or -0.11%, to $60.80. The Axonics Inc. has recorded 58,986 volume in the after hours trading session.

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Stocks Info

Axonics Inc. is listed on the NASDAQ in the Healthcare sector while operating in the Medical Devices industry. At the end of the last regular session, the stock closed at $60.87 and fluctuated between $61.48 as its day high and $58.62 as its day low. The current market capitalization of Axonics Inc. is $3.06B. A total of 0.76 million shares were traded on the day, compared to an average of 649.87K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, AXNX has seen 20 BUY and 34 SELL insider trades, representing the acquisition of 288,948 and the disposition of 198,366 shares. Over the last 12 months, there were 39 BUYs and 65 SELLs from insiders. Insiders purchased 420,383 shares during that period but sold 538,684.

In the most recent transaction, Sama Rinda sold 19,929 shares of AXNX for 56.27 per share on Feb 21. After the transaction, the Chief Operating Officer now owns 55,854 company shares. In a previous transaction on Feb 21, Sama Rinda sold 3,392 shares at 56.53 per share. AXNX shares that Chief Operating Officer owns now total 608.

Among the insiders who sold shares, COHEN RAYMOND W disposed of 8,117 shares on Feb 01 at a per-share price of $60.93. This resulted in the Chief Executive Officer holding 160,596 shares of AXNX after the transaction. In another insider transaction, Sama Rinda sold 5,075 shares at $60.93 per share on Feb 01. Company shares held by the Chief Operating Officer now total 75,783.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for AXNX in the last 3 months, the mean price target is $83.56 with high estimates of $100.00 and low estimates of $65.00. In terms of 52-week highs and lows, AXNX has a high of $79.92 and a low of $38.41.

As of this writing, AXNX has an earnings estimate of -$0.24 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.09 per share and a lower estimate of -$0.43. The company reported an EPS of -$0.47 in the last quarter, which was 13.00% higher than expectations of -$0.54.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 10 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AXNX is Hold with a score of 4.25. A total of 8 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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