Axogen Inc (NASDAQ:AXGN) Has Risen By -3.35 Percent Over The Past 30 Days: Will It Continue?

In last trading session, Axogen Inc (NASDAQ:AXGN) saw 1.14 million shares changing hands with its beta currently measuring 1.09. Company’s recent per share price level of $13.27 trading at -$2.06 or -13.44% at ring of the bell on the day assigns it a market valuation of $581.62M. That closing price of AXGN’s stock is at a discount of -19.82% from its 52-week high price of $15.90 and is indicating a premium of 68.65% from its 52-week low price of $4.16. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.37 million shares which gives us an average trading volume of 461.25K if we extend that period to 3-months.

For Axogen Inc (AXGN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.14. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.01 in the current quarter.

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Axogen Inc (NASDAQ:AXGN) trade information

Upright in the red during last session for losing -13.44%, in the last five days AXGN remained trading in the red while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $13.27 price level, adding 16.54% to its value on the day. Axogen Inc’s shares saw a change of 94.29% in year-to-date performance and have moved -5.21% in past 5-day. Axogen Inc (NASDAQ:AXGN) showed a performance of -3.35% in past 30-days. Number of shares sold short was 1.23 million shares which calculate 2.91 days to cover the short interests.

Axogen Inc (AXGN) estimates and forecasts

Statistics highlight that Axogen Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 121.91% of value to its shares in past 6 months, showing an annual growth rate of 94.12% while that of industry is 15.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 16.20% from the last financial year’s standing.

7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 47.07M for the same. And 7 analysts are in estimates of company making revenue of 48.32M in the next quarter. Company posted 41.27M and 42.92M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 3.44% during past 5 years.

Axogen Inc (NASDAQ:AXGN)’s Major holders

Insiders are in possession of 5.57% of company’s total shares while institution are holding 76.80 percent of that, with stock having share float percentage of 81.33%. Investors also watch the number of corporate investors in a company very closely, which is 76.80% institutions for Axogen Inc that are currently holding shares of the company. ARROWMARK COLORADO HOLDINGS LLC is the top institutional holder at AXGN for having 5.12 million shares of worth $37.04 million. And as of 2024-06-30, it was holding 11.8348 of the company’s outstanding shares.

The second largest institutional holder is FIRST LIGHT ASSET MANAGEMENT, LLC, which was holding about 3.34 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.7349 of outstanding shares, having a total worth of $24.21 million.