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The Attractiveness of Investing In Axonics Inc (AXNX) is Growing

Axonics Inc’s recently made public that its Chief Executive Officer COHEN RAYMOND W unloaded Company’s shares for reported $2.38 million on Jan 31 ’24. In the deal valued at $67.74 per share,35,161 shares were sold. As a result of this transaction, COHEN RAYMOND W now holds 188,835 shares worth roughly $12.74 million.

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Then, Ford Alfred J Jr sold 16,615 shares, generating $1,125,432 in total proceeds. Upon selling the shares at $67.74, the Chief Commercial Officer now owns 43,450 shares.

Before that, Woock John sold 15,899 shares. Axonics Inc shares valued at $1,076,933 were divested by the EVP, Chief Mktg/Strtgy Officer at a price of $67.74 per share. As a result of the transaction, Woock John now holds 77,403 shares, worth roughly $5.22 million.

Wolfe Research downgraded its Axonics Inc [AXNX] rating to a Peer perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in mid July with a ‘”an Outperform”‘ rating. KeyBanc Capital Markets began covering AXNX with “an Overweight” recommendation on July 13, 2023. CL King started covering the stock on May 23, 2023. It rated AXNX as “a Buy”.

Price Performance Review of AXNX

On Tuesday, Axonics Inc [NASDAQ:AXNX] saw its stock jump 0.18% to $67.49. Over the last five days, the stock has gained 0.28%. Axonics Inc shares have risen nearly 8.45% since the year began. Nevertheless, the stocks have risen 37.68% over the past one year. While a 52-week high of $69.68 was reached on 01/08/24, a 52-week low of $48.30 was recorded on 01/05/24. SMA at 50 days reached $67.29, while 200 days put it at $63.39. A total of 0.27 million shares were traded, compared to the trading of 0.17 million shares in the previous session.

Levels Of Support And Resistance For AXNX Stock

The 24-hour chart illustrates a support level at 67.34, which if violated will result in even more drops to 67.19. On the upside, there is a resistance level at 67.57. A further resistance level may holdings at 67.65. The Relative Strength Index (RSI) on the 14-day chart is 53.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.52%. Stochastics%K at 47.32% indicates the stock is a holding.

The most recent change occurred on April 14, 2023 when Mizuho began covering the stock and recommended ‘”a Buy”‘ rating along with a $75 price target.

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