Should I buy or sell Axonics stock right now?

13 Wall Street equities research 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 equities research 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 analysts have issued 1-year price objectives for Axonics' shares. Their AXNX share price targets range from $63.00 to $75.00. On average, they anticipate the company's share price to reach $70.73 in the next twelve months. This suggests a possible upside of 5.6% 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 at the start of the year. Since then, AXNX shares have increased by 7.6% and is now trading at $66.95. 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 daily volume of 1,390,000 shares, the days-to-cover ratio is currently 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) released its earnings results on Wednesday, February, 28th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.07. The firm had revenue of $109.70 million for 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 revenue was up 27.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.01 earnings per share.

What ETFs hold Axonics' stock?

ETFs with the largest weight of Axonics (NASDAQ:AXNX) stock in their portfolio include iShares Neuroscience and Healthcare ETF (IBRN) , First Trust Merger Arbitrage ETF (MARB) , AltShares Merger Arbitrage ETF (ARB) , ProShares Merger ETF (MRGR) , AltShares Event-Driven ET (EVNT) , IQ Merger Arbitrage ETF (MNA) , Fidelity Digital Health ETF (FDHT) and SPDR S&P Health Care Equipment ETF (XHE) .

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 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 served 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 .

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NASDAQ:AXNX

Axonics (AXNX) Stock Price, News & Analysis

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$66.95

-0.10 (-0.15%)

(As of 04/19/2024 ET)

Compare

Today's Range: $66.85
▼
$67.13
50-Day Range: $66.95
▼
$69.65
52-Week Range: $47.59
▼
$69.68

Volume: 594,104 shs
Average Volume: 1.29 million shs
Market Capitalization: $3.41 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $70.73

Get Axonics alerts:

Axonics MarketRank™ Stock Analysis

Analyst Rating: Hold
2.38 Rating Score
Upside/Downside: 5.6% 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.

3.14 out of 5 stars

Medical Sector

328th out of 911 stocks

Surgical & Medical Instruments Industry

39th out of 98 stocks

1.2

Analyst's Opinion

Consensus Rating
Axonics has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 5 buy ratings, 8 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Axonics has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
6.75% of the outstanding shares of Axonics have been sold short.
Short Interest Ratio / Days to Cover
Axonics has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Axonics has recently increased by 17.01%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Axonics does not currently pay a dividend.
Dividend Growth
Axonics does not have a long track record of dividend growth.

4.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Axonics has received a 59.34% net impact score from Upright. The largest positive contribution comes from its "Physical diseases" impact, which is driven by its "Incontinence medication", "Implants and prostheses", and "Medical technology engineering" products. See details.
Environmental Sustainability
The Environmental Impact score for Axonics is -1.38.

2.7

News and Social Media Coverage

News Sentiment
Axonics has a news sentiment score of 1.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Axonics this week, compared to 3 articles on an average week.
Search Interest
Only 1 people have searched for AXNX on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Axonics to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Axonics insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,459,798.00 in company stock.
Percentage Held by Insiders
Only 1.85% of the stock of Axonics is held by insiders.
Percentage Held by Institutions
99.48% of the stock of Axonics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Axonics are expected to grow by 100.00% in the coming year, from $0.32 to $0.64 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Axonics is -514.96, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Axonics is -514.96, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Axonics has a P/B Ratio of 5.32. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

AXNX Stock News Headlines

April 4, 2024 | reuters.com

FTC seeks more information on Boston Scientific's $3.7 bln Axonics deal

March 22, 2024 | businesswire.com

Axonics Stockholders Approve Merger Agreement with Boston Scientific

April 20, 2024 | Banyan Hill Publishing (Ad)

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March 21, 2024 | businesswire.com

Axonics Provides Update on Inter Partes Review Proceedings

March 14, 2024 | businesswire.com

Axonics Receives CE Mark Approval for Fourth-Generation Rechargeable Sacral Neuromodulation System

March 1, 2024 | finance.yahoo.com

Axonics Full Year 2023 Earnings: EPS Beats Expectations

February 29, 2024 | marketwatch.com

Axonics Pushes Back Against Patent Dispute Alleged by Medtronic

February 29, 2024 | businesswire.com

Axonics Responds to ITC Action by Medtronic

April 20, 2024 | Banyan Hill Publishing (Ad)

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February 29, 2024 | markets.businessinsider.com

Beyond The Numbers: 7 Analysts Discuss Axonics Stock

February 28, 2024 | finance.yahoo.com

Axonics Inc (AXNX) Reports Robust Revenue Growth and Margin Expansion in Q4 and FY 2023

February 27, 2024 | businesswire.com

AXONICS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Axonics, Inc. - AXNX

February 3, 2024 | finance.yahoo.com

Insider Sell: Chief Medical Officer Karen Noblett Sells 11,288 Shares of Axonics Inc (AXNX)

January 17, 2024 | finance.yahoo.com

Are Medical Stocks Lagging Elevance Health, Inc. (ELV) This Year?

January 16, 2024 | realmoney.thestreet.com

Axonics just downgraded at Morgan Stanley, here's why

January 16, 2024 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Healthcare Stocks: Axonics Modulation Technologies (AXNX) and Siemens Healthineers AG (OtherSEMHF)

January 12, 2024 | realmoney.thestreet.com

Axonics just downgraded at Truist, here's why

January 12, 2024 | realmoney.thestreet.com

Axonics just downgraded at CL King, here's why

January 11, 2024 | realmoney.thestreet.com

Axonics just downgraded at Leerink, here's why

January 11, 2024 | markets.businessinsider.com

Buy Rating Affirmed for Axonics Amid Strategic Acquisition by Boston Scientific

January 9, 2024 | msn.com

Boston Scientific To Acquire Axonics For About $3.7 Bln

January 9, 2024 | msn.com

UPDATE 3-Medical device maker Boston Scientific to buy Axonics for $3.7 billion

January 9, 2024 | markets.businessinsider.com

Analyst Scoreboard: 5 Ratings For Axonics

January 8, 2024 | realmoney.thestreet.com

Axonics just downgraded at RBC Capital, here's why

January 8, 2024 | msn.com

Drugmakers kick off industry conference with two cancer deals

January 8, 2024 | investorplace.com

Why Is Axonics (AXNX) Stock Up 20% Today?

January 8, 2024 | msn.com

Wall Street’s most celebrated bear is not a bull yet. Here’s Mike Wilson’s stock-market playbook for three economic scenarios.

See More Headlines

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Company Calendar

Last Earnings: 2/28/2024
Today: 4/20/2024
Next Earnings (Estimated): 5/06/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Medical
Industry: Surgical & medical instruments
Sub-Industry: N/A
Current Symbol: NASDAQ:AXNX
CUSIP: N/A
CIK: 1603756
Web: www.axonics.com
Phone: (949) 396-6322
Fax: 949-396-6321
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: +5.6%
Consensus Rating: Hold
Rating Score (0-4): 2.38
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.13)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 209.22
P/E Growth: N/A
Net Income: $-6,090,000.00
Net Margins: -1.66%
Pretax Margin: -2.39%
Return on Equity: -1.00%
Return on Assets: -0.90%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 10.73
Quick Ratio: 8.98

Sales & Book Value

Annual Sales: $366.38 million
Price / Sales: 9.32
Cash Flow: $0.13 per share
Price / Cash Flow: 532.03
Book Value: $12.59 per share
Price / Book: 5.32

Miscellaneous

Outstanding Shares: 51,000,000
Free Float: 50,059,000
Market Cap: $3.41 billion
Optionable: Optionable
Beta: 0.56

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Key Executives

Mr. Raymond W. Cohen (Age 65)
CEO & Director
Comp: $1.71M
Mr. Rinda K. Sama (Age 45)
Chief Operating Officer
Comp: $902.83k
Dr. John Woock Ph.D. (Age 41)
Executive VP, Chief Marketing & Strategy Officer
Comp: $902.83k
Mr. Alfred J. Ford Jr. (Age 53)
Chief Commercial Officer
Comp: $902.96k
Ms. Kari Keese
Chief Financial Officer
Mr. Guangqiang Jiang Ph.D. (Age 50)
Chief Technology Officer
Mr. Neil Bhalodkar
Vice President of Investor Relations
Mr. Aaron Pettit
General Counsel & Chief Compliance Officer
Mr. Michael V. Williamson Esq. (Age 52)
J.D., Senior VP, General & IP Counsel
Dr. Karen L. Noblett M.A.S. (Age 61)
M.D., Chief Medical Officer
Comp: $651.4k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AXNX Stock Analysis - Frequently Asked Questions

Should I buy or sell Axonics stock right now?: 13 Wall Street equities research 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 equities research 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 analysts have issued 1-year price objectives for Axonics' shares. Their AXNX share price targets range from $63.00 to $75.00. On average, they anticipate the company's share price to reach $70.73 in the next twelve months. This suggests a possible upside of 5.6% 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 at the start of the year. Since then, AXNX shares have increased by 7.6% and is now trading at $66.95.
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 daily volume of 1,390,000 shares, the days-to-cover ratio is currently 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) released its earnings results on Wednesday, February, 28th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.07. The firm had revenue of $109.70 million for 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 revenue was up 27.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.01 earnings per share.

What ETFs hold Axonics' stock?: ETFs with the largest weight of Axonics (NASDAQ:AXNX) stock in their portfolio include iShares Neuroscience and Healthcare ETF (IBRN), First Trust Merger Arbitrage ETF (MARB), AltShares Merger Arbitrage ETF (ARB), ProShares Merger ETF (MRGR), AltShares Event-Driven ET (EVNT), IQ Merger Arbitrage ETF (MNA), Fidelity Digital Health ETF (FDHT) and SPDR S&P Health Care Equipment ETF (XHE).
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 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 served 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 4/20/2024 by MarketBeat.com Staff

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