Axonics (AXNX) Stock Price, News & Analysis

$66.58
-0.26 (-0.39%)
(As of 01:51 PM ET)
Today's Range
$66.47
$66.76
50-Day Range
$66.84
$69.65
52-Week Range
$47.59
$69.68
Volume
691,125 shs
Average Volume
1.28 million shs
Market Capitalization
$3.40 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$70.73

Axonics MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
6.2% Upside
$70.73 Price Target
Short Interest
Bearish
6.75% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.38
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$4.46 M Sold Last Quarter
Proj. Earnings Growth
100.00%
From $0.32 to $0.64 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.16 out of 5 stars

Medical Sector

324th out of 910 stocks

Surgical & Medical Instruments Industry

37th out of 95 stocks

AXNX stock logo

About Axonics Stock (NASDAQ:AXNX)

Axonics, Inc., a medical technology company, engages in the development and commercialization of novel products for the treatment of bladder and bowel dysfunction. Its sacral neuromodulation (SNM) systems are used to treat patients with overactive bladder (OAB), including urinary urge incontinence and urinary urgency frequency, as well as fecal incontinence (FI) and non-obstructive urinary retention (UR); and rechargeable (R20) and recharge-free (F15) implantable SNM systems that delivers mild electrical pulses to the targeted sacral nerve to restore normal communication to and from the brain to reduce the symptoms of OAB, UR, and FI. The company also offers Bulkamid, a urethral bulking agent to treat female stress urinary incontinence. It sells its products through a direct sales force and distributors in the United States, the United Kingdom, Germany, the Netherlands, Nordic countries, and internationally. The company was formerly known as Axonics Modulation Technologies, Inc. and changed its name to Axonics, Inc. in March 2021. Axonics, Inc. was incorporated in 2012 and is based in Irvine, California.

AXNX Stock Price History

AXNX Stock News Headlines

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Analyst Scoreboard: 5 Ratings For Axonics
Axonics just downgraded at RBC Capital, here's why
Why Is Axonics (AXNX) Stock Up 20% Today?
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
4/23/2024
Next Earnings (Estimated)
5/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Surgical & medical instruments
Sub-Industry
N/A
Current Symbol
NASDAQ:AXNX
Employees
797
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$70.73
High Stock Price Target
$75.00
Low Stock Price Target
$63.00
Potential Upside/Downside
+6.2%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
13 Analysts

Profitability

Net Income
$-6,090,000.00
Pretax Margin
-2.39%

Debt

Sales & Book Value

Annual Sales
$366.38 million
Cash Flow
$0.13 per share
Book Value
$12.59 per share

Miscellaneous

Free Float
50,059,000
Market Cap
$3.40 billion
Optionable
Optionable
Beta
0.56
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AXNX Stock Analysis - Frequently Asked Questions

Should I buy or sell Axonics stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Axonics in the last twelve months. There are currently 8 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" AXNX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AXNX, but not buy additional shares or sell existing shares.
View AXNX analyst ratings
or view top-rated stocks.

What is Axonics' stock price target for 2024?

13 Wall Street research analysts have issued 12 month price objectives for Axonics' stock. Their AXNX share price targets range from $63.00 to $75.00. On average, they predict the company's share price to reach $70.73 in the next year. This suggests a possible upside of 6.2% from the stock's current price.
View analysts price targets for AXNX
or view top-rated stocks among Wall Street analysts.

How have AXNX shares performed in 2024?

Axonics' stock was trading at $62.23 on January 1st, 2024. Since then, AXNX shares have increased by 7.0% and is now trading at $66.57.
View the best growth stocks for 2024 here
.

Are investors shorting Axonics?

Axonics saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 3,440,000 shares, an increase of 17.0% from the March 15th total of 2,940,000 shares. Based on an average trading volume of 1,390,000 shares, the days-to-cover ratio is presently 2.5 days.
View Axonics' Short Interest
.

When is Axonics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our AXNX earnings forecast
.

How were Axonics' earnings last quarter?

Axonics, Inc. (NASDAQ:AXNX) posted its earnings results on Wednesday, February, 28th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.07. The business earned $109.70 million during the quarter, compared to analysts' expectations of $107.33 million. Axonics had a negative net margin of 1.66% and a negative trailing twelve-month return on equity of 1.00%. The company's quarterly revenue was up 27.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.01 earnings per share.

What is Raymond W. Cohen's approval rating as Axonics' CEO?

20 employees have rated Axonics Chief Executive Officer Raymond W. Cohen on Glassdoor.com. Raymond W. Cohen has an approval rating of 89% among the company's employees. 73.0% of employees surveyed would recommend working at Axonics to a friend.

What other stocks do shareholders of Axonics own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Axonics investors own include RTX (RTX), Oasis Petroleum (OAS), Pfizer (PFE), Procter & Gamble (PG), Thermo Fisher Scientific (TMO), Cisco Systems (CSCO), CVS Health (CVS), AT&T (T) and Abbott Laboratories (ABT).

When did Axonics IPO?

Axonics (AXNX) raised $100 million in an initial public offering (IPO) on Wednesday, October 31st 2018. The company issued 6,700,000 shares at $14.00-$16.00 per share. BofA Merrill Lynch and Morgan Stanley acted as the underwriters for the IPO and Wells Fargo Securities and SunTrust Robinson Humphrey were co-managers.

Who are Axonics' major shareholders?

Axonics' stock is owned by many different retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.10%), Diversified Trust Co (0.01%), Fort Pitt Capital Group LLC (0.01%), Los Angeles Capital Management LLC (0.01%) and Inspirion Wealth Advisors LLC (0.01%). Insiders that own company stock include Alfred J Ford Jr, Danny L Dearen, Esteban Lopez, Jane E Kiernan, John Woock, Karen Noblett, Kari Leigh Keese, Raymond W Cohen, Raymond W Cohen and Rinda Sama.
View institutional ownership trends
.

How do I buy shares of Axonics?

Shares of AXNX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:AXNX) was last updated on 4/23/2024 by MarketBeat.com Staff

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