AXNX stock: buy or sell?
May 21st, 2019
Should I buy AXNX stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. That's why is so important to define your own trading plan that matches with your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with Axonics Modulation Technologies stock situation right now, hence this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Axonics Modulation stock a buy?
Financial institutions and banks publish stock ratings everyday.At Stocks2.com, we collected 2 ratings published for AXNX stock in the last month.
|Date||Analyst / Broker||Previous rating||Current rating|
AXNX stock analysis
Axonics Modulation Technologies grew 0.97% today to $31.28 after marking all time highs on May 14th.
Axonics Modulation Technologies grew 0.97% today to $31.28 after reaching all time highs on May 14th. From a daily outlook perspective, AXNX is drawing an uptrend of rising tops and rising bottoms. Since its last top on May 14th at $32.90, price slid and found support around $29.23. Breaking down under $29.23 would cancel the current uptrend and it might slide further to test lower supports. Note that $32.90 might act as a resistance line. Trading the long side, we should wait to a new breakout over $32.90 to find the next buy point. On May 14th, AXNX hit a new all time high, pushing higher than on May 10th tops. Check different trading setups that use ATHs as triggers. For the last 19 days when AXNX stock price broke up the SMA50d line, it gained $9.85 (45.96%).
Axonics Modulation soared a great 3.44% this week. Early May AXNX skyrocketed an astounding 24.91% in just one week. This week was the fifth green week in a row. By mid April AXNX collapsed a hair-raising -9.53% in just one week.
Axonics Modulation stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Not so far away is the last price record Axonics Modulation Technologies marked last week. Since price and SMA10w lines crossed up early May, AXNX climbed $8.79 (39.08%).
AXNX stock price history
AXNX IPO was on October at $16.05 per share1. Since then, AXNX stock grew a 94.90%, with a yearly average of inf%. If you had invested $1,000 in AXNX stock in 2018, it would worth $949.00 today.
1: Adjusted price after possible price splits or reverse-splits.
AXNX stock historical price chart
AXNX stock reached all-time highs on May/14 with a price of $32.90.
AXNX stock price target is $29.50Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We have 2 price targets for AXNX stock released in the last 30 days:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-5-10||SunTrust Banks||Raises Target||n/a||$33.00||-|
|2019-3-5||SunTrust Banks||Raises Target||n/a||$26.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn March, Axonics Modulation presented its financial report, posting an extraordinary climb for the Earnings per Share (EPS) ratio. Analyst expected $-0.32 per share, but Axonics Modulation Technologies posted $-0.50.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Axonics Modulation annual revenues rocketed an extraordinary 452.34% to $0.71 M dollars from $0.13 marked in 2017. Similarly, its profit margin (compared to sales) skyrocketed to -4,596.46%, that is $-32.50 million.
|2017||$0.13 M||-||$-17.47 M-13650.8%||-|
|2018||$0.71 M||452.34%||$-32.50 M-4596.5%||85.98%|
Quarterly financial resultsAxonics Modulation reported $0.49 million in sales for 2018-Q4, a 145.77% improvement compared to previous quarter. Reported quarter earnings marked $-9.68 million with a profit margin of -1,958.50%. Profit margin boosted a 1,806.17% compared to previous quarter when profit margin was -3,764.68%. When comparing sales to same quarter last year, Axonics Modulation Technologies sales marked an outstanding growth and climbed a inf%. Looking back to recent quarterly results, Axonics Modulation Technologies posted 2 negative quarters in a row.
|2017-Q3||$0.13 M||-||$-4.00 M-3127.3%||-|
|2018-Q3||$0.20 M||57.03%||$-7.57 M-3764.7%||89.03%|
|2018-Q4||$0.49 M||145.77%||$-9.68 M-1958.5%||27.86%|
Axonics Modulation ownershipWhen you are planning to buy shares of a stock, it's always worth to review 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, 18.64% of all outstanding shares are owned by its staff.
In case of Axonics Modulation Technologies 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:
|Market cap||$884.3 M|
|Total shares||28.3 M|
|Float shares||10.0 M|
|- Institutional holdings (%)||79.4%|
|- Insider holdings (%)||18.6%|
|Shares in short selling||0.0%|
|Tuesday, May 21st, 2019|
|Day range||$30.44 - $32.28|
|Average true range||$1.89|
|50d mov avg||$23.39|
|100d mov avg||$20.02|
|200d mov avg||$0.00|
Axonics Modulation performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. For Axonics Modulation, the benchmark is made against .