AXNX stock: buy or sell?

AXNX stock price: $40.16 -0.07% At close on July 15th, 2019

Updated on:
July 15th, 2019

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Shares of Axonics Modulation Technologies stayed stable a tight -0.07% and closed at $40.16.

Should I buy AXNX stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to define your own trading plan that fits your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, Axonics Modulation Technologies stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Axonics Modulation Technologies stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we gathered 3 ratings published for AXNX stock in the last 30 days.

Is AXNX a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-6-13Bank of American/aBuy
2019-5-10SunTrust Banksn/aBuy
2019-3-5SunTrust BanksPositiveBuy

AXNX stock analysis

Daily outlook

Shares of Axonics Modulation ended today at $40.16 and stayed steady a tight -0.07%.

Axonics Modulation shares stayed constant -0.07% to $40.16 today. AXNX shows a short term strength with several rising tops and rising bottoms. In the very short term, on Wednesday it marked a new bottom at $39.11 that should act a support if Axonics Modulation Technologies starts a trading flat base in the range of $39.11 - $43.37 Trading the long side, we should wait to a new breakout over $43.37 to find the next buy point. On July/2, AXNX hit a new all time high, pushing higher than on Jul 1st tops. Check different trading setups that use ATHs as triggers. On May AXNX price bounced up over the SMA of 50 days demonstrating to be a significant support for this stock.

AXNX stock chart (daily)

Weekly outlook

Axonics Modulation Technologies remained constant a tight -0.07% this week. Late June AXNX skyrocketed a super good 7.49% in just one week. For 3 weeks in a row, price slid and lost a -2.14%.

Axonics Modulation stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, AXNX might consolidate in a flat-base, waiting to break out over or down under . Not so far away is the last price record Axonics Modulation marked early July. Since price and SMA10w lines crossed up early May, AXNX climbed $17.67 (78.57%).

AXNX stock chart (weekly)

AXNX stock price history

AXNX IPO was on October at $16.05 per share1. Since then, AXNX stock grew a 150.20%, with a yearly average of inf%. If you had invested right after AXNX's IPO a $1,000 in AXNX stock in 2018, it would worth $1,502.00 today.

1: Adjusted price after possible price splits or reverse-splits.

AXNX stock historical price chart

AXNX stock reached all-time highs on July/2 with a price of $43.37.

AXNX stock price target is $31.30

How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We have 3 price targets for AXNX stock released in the last month:
AXNX stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-6-13Bank of AmericaRaises Target$30.00$35.0016.7%
2019-5-10SunTrust BanksRaises Targetn/a$33.00-
2019-3-5SunTrust BanksRaises Targetn/a$26.00-
(in average)$30.00$31.304.0%
Moving in a range from $35.00 and $26.00, the price forecast for Axonics Modulation stock is $31.30. In average, analysts' outlook on AXNX price target is positive, increasing the prediction by a 4.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Axonics Modulation presented astounding results for 2018-Q4 on March. Axonics Modulation rocketed Earnings per Share (EPS) by 56.30%, beating analysts of $-0.32. Axonics Modulation posted $-0.50.
AXNX earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q3-n/an/an/a
2017-Q4-n/an/an/a
2018-Q2-n/an/an/a
2018-Q32018-12-11-0.48-2.67n/a
2018-Q42019-03-05-0.32-0.5n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw an astounding gain of 452.34% to $0.71 million dollars. When comparing 2018 vs 2017, in the same way, profit margin (that is, the net income divided by revenues) rocketed a 9,054.32% to -4,596.46%.

AXNX annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2017$0.13 M-$-17.47 M-13650.8%-
2018$0.71 M452.34%$-32.50 M-4596.5%85.98%

Quarterly financial results

Axonics Modulation Technologies posted $0.49 M in sales for 2018-Q4, a 145.77% improvement compared to previous quarter. Reported quarter income marked $-9.68 M with a profit margin of -1,958.50%. Profit margin climbed a 1,806.17% compared to previous quarter when profit margin was -3,764.68%. When comparing turnover to same quarter last year, Axonics Modulation sales marked an exceptional gain and boosted a inf%. Looking back to recent quarterly results, Axonics Modulation Technologies posted 2 positive quarters in a row.
AXNX quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q3$0.13 M-$-4.00 M-3127.3%-
2018-Q3$0.20 M57.03%$-7.57 M-3764.7%89.03%
2018-Q4$0.49 M145.77%$-9.68 M-1958.5%27.86%

Axonics Modulation ownership

When you are planning to invest in shares of a stock, it's worth to overview its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Axonics Modulation Technologies, 18.64% of all outstanding shares are owned by its staff.

In case of Axonics Modulation stock, 79.43% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for AXNX stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Axonics Modulation Technologies:

AXNX
Market cap$1.1 B
Total shares28.3 M
Float shares9.9 M
  - Institutional holdings (%)79.4%
  - Insider holdings (%)18.6%
Shares in short selling0.0%

AXNX summary

Monday, July 15th, 2019
Open$40.57
Close$40.16
Day range$39.64 - $41.22
Previous close$40.19
Session gain-0.07%
Average true range$1.87
50d mov avg$33.90
100d mov avg$27.72
200d mov avg$0.00
Daily patternlb03a
Weekly pattern lt06a

Axonics Modulation performance

To measure stock performance is always good to benchmark with competitors or related stocks. In the following table, we compare Axonics Modulation performance to :
Stock3m6m12m
AXNXAxonics Modulatio...111.48%164.56%0.00%

Axonics Modulation competitors

Unfortunately, we could not find any public company that could be defined as Axonics Modulation Technologies competitor. This doesn't mean Axonics Modulation Technologies does not have any competitor in the market, it's just we could not detected it.