While Axogen Inc has underperformed by -2.20%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AXGN rose by 70.35%, with highs and lows ranging from $21.00 to $5.55, whereas the simple moving average jumped by 41.11% in the last 200 days.
On July 01, 2024, Raymond James started tracking Axogen Inc (NASDAQ: AXGN) recommending Outperform. Canaccord Genuity also Upgraded AXGN shares as ‘Buy’, setting a target price of $15 on the company’s shares in a report dated May 09, 2022. Cantor Fitzgerald Initiated an Overweight rating on March 11, 2022, and assigned a price target of $21. Guggenheim initiated its ‘Buy’ rating for AXGN, as published in its report on October 23, 2020. Cantor Fitzgerald’s report from June 16, 2020 suggests a price prediction of $16 for AXGN shares, giving the stock a ‘Overweight’ rating. Canaccord Genuity also rated the stock as ‘Hold’.
Analysis of Axogen Inc (AXGN)
Further, the quarter-over-quarter increase in sales is 15.10%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Axogen Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -9.99% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.16, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 484.13K can be a very valuable indicator of volatility for AXGN stock. On a monthly basis, the volatility of the stock is set at 6.29%, whereas on a weekly basis, it is put at 5.90%, with a loss of -6.42% over the past seven days. Furthermore, long-term investors anticipate a median target price of $25.57, showing growth from the present price of $18.21, which can serve as yet another indication of whether AXGN is worth investing in or should be passed over.
How Do You Analyze Axogen Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 5.55%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 81.67% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AXGN shares are owned by institutional investors to the tune of 81.67% at present.
