AxoGen Inc. (NASDAQ:AXGN) saw a downside of -19.44% to close Tuesday at $6.67 after subtracting -$1.61 on the day. The 5-day average trading volume is 908,980 shares of the company’s common stock. It has gained $8.72 in the past week and touched a new high 2 times within the past 5 days. An average of 369,560 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 248,800.
AXGN’s 1-month performance is -20.97% or -$1.51 on its low of $5.80 reached on 08/08/23. The company’s shares have touched a 52-week low of $7.20 and high of $13.66, with the stock’s rally to the 52-week high happening on 01/09/23. YTD, AXGN has lost -33.17% or -$3.31 and has reached a new high 4 times. However, the current price is down -51.17% from the 52-week high price.
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Insider Transactions
AXGN stock investors last saw insider trading activity on Jun 01.Freitag Gregory Gene (Director) most recently sold 41,980 shares at $8.71 per share on Jun 01. This transaction cost the insider $365,780. Director, Freitag Gregory Gene, sold 7,468 shares at a price of $9.23 on May 23. Then, on Feb 01, EVP & Chief Financial Officer MARIANI PETER J sold 14,550 shares at a price of $9.36 per share. This transaction amounted to $136,188.
Valuation Metrics
AXGN stock has a beta of 0.64. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.02 while the price-to-book (PB) in the most recent quarter is 2.91.
AxoGen Inc.’s quick ratio for the period ended June 29 was 3.20, with the current ratio over the same period at 4.20. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.47, while the total debt to equity was 0.47.. In terms of profitability, the gross margin trailing 12 months is 80.20%. The trailing 12-month EBITDA margin is -17.93% while for the period ending June 29, AxoGen Inc.’s operating margin was -17.70%. The firm’s gross profit as reported stood at $114.44 million against revenue of $138.58 million.
Earnings Surprise
For the quarterly period ending June 29 this year, AxoGen Inc.’s cash and short-term investments amounted to $30.16 million against total debt of $71.77 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -62.38% to -$7.07 million, while revenue of -$5.42 million was 23.34% off the previous quarter. Analysts expected AXGN to announce -$0.13 per share in earnings in its latest quarter, but it posted -$0.03, representing a 76.90% surprise. EBITDA for the quarter stood at more than -$5.88 million. AXGN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 91.96 million, with total debt at $71.77 million. Shareholders hold equity totaling $42.83 million.
Let’s look briefly at AxoGen Inc. (AXGN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 19.34% to suggest the stock is trending oversold, with historical volatility in this time period at 111.52%.
The stock’s 5-day moving average is $8.07, reflecting a -21.62% or -$1.84 change from its current price. AXGN is currently trading -20.97% above its 20-day SMA, -20.60% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -25.14% and SMA200 by-41.75%.
Stochastic %K and %D was 25.81% and 30.25% and the average true range (ATR) pointed at 0.63. The RSI (14) points at 25.42%, while the 14-day stochastic is at 27.91% with the period’s ATR at 0.54. The stock’s 9-day MACD Oscillator is pointing at -0.45 and -0.62 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for AXGN stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate AXGN as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.
What is AXGN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $11.00 and a high of $22.00, with their median price target at $17.00. Looking at these predictions, the average price target given by analysts is for AxoGen Inc. (AXGN) stock is $17.00.
