AXNX stock: buy or sell?

AXNX stock price: $31.28 0.97% At close on May 21st, 2019

Updated on:
May 21st, 2019

0

Axonics Modulation Technologies grew 0.97% to $31.28 after reaching all time highs on May/14. With Tuesday, it's been 3 climbing sessions in a row, gaining $1.13 or 3.56%. On May/14 AXNX climbed a super good 5.53%. On Thursday AXNX plummed a frightening -5.24%.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean AXNX will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

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.

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

AXNX stock analysis

Daily outlook

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%).

AXNX stock chart (daily)

Weekly outlook

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 chart (weekly)

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 $29.50

Predicting 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:
AXNX stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-5-10SunTrust BanksRaises Targetn/a$33.00-
2019-3-5SunTrust BanksRaises Targetn/a$26.00-
(in average)$0.00$29.500.0%
Moving in a range from $33.00 and $26.00, the price target for AXNX stock is $29.50. In average, analysts' outlook on AXNX price target is stable from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On 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.
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

In 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.

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 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.
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 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:

AXNX
Market cap$884.3 M
Total shares28.3 M
Float shares10.0 M
  - Institutional holdings (%)79.4%
  - Insider holdings (%)18.6%
Shares in short selling0.0%

AXNX summary

Tuesday, May 21st, 2019
Open$31.16
Close$31.28
Day range$30.44 - $32.28
Previous close$30.98
Session gain0.97%
Average true range$1.89
50d mov avg$23.39
100d mov avg$20.02
200d mov avg$0.00
Daily patternlb03a
Weekly pattern lt06a

Axonics Modulation performance

Stocks 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 .
Stock3m6m12m
AXNXAxonics Modulatio...45.49%109.65%0.00%

Axonics Modulation competitors

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