AxoGen, Inc. (AXGN)’s Stock Is Buy After Touching All Time High

October 13, 2017 - By Dolores Ford

The stock of AxoGen, Inc. (NASDAQ:AXGN) reached all time high today, Oct, 13 and still has $21.15 target or 9.00 % above today’s $19.40 share price. This indicates more upside for the $629.47M company. This technical setup was reported by Barchart.com. If the $21.15 PT is reached, the company will be worth $56.65 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 2.92% or $0.55 during the last trading session, reaching $19.4. About 461,362 shares traded or 114.68% up from the average. AxoGen, Inc. (NASDAQ:AXGN) has risen 181.49% since October 13, 2016 and is uptrending. It has outperformed by 164.79% the S&P500.

Investors wait AxoGen, Inc. (NASDAQ:AXGN) to report on November, 1. its quarterly earnings Wall Street analysts expect $-0.08 EPS, $0.00 or 0.00 % from last year’s $-0.08 same quarter earnings. AxoGen, Inc.’s Wall Street analysts see 33.33 % negative EPS growth, taking into account the $-0.06 EPS reproted in the previous quarter,

AxoGen, Inc. (NASDAQ:AXGN) Ratings Coverage

Among 6 analysts covering AxoGen (NASDAQ:AXGN), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. AxoGen had 11 analyst reports since August 11, 2015 according to SRatingsIntel. On Tuesday, November 22 the stock rating was upgraded by Lake Street to “Buy”. The rating was downgraded by Lake Street on Thursday, November 3 to “Hold”. The rating was maintained by Wedbush on Friday, August 28 with “Outperform”. Cantor Fitzgerald maintained the shares of AXGN in report on Monday, August 21 with “Buy” rating. The rating was maintained by Wedbush with “Outperform” on Monday, November 7. The stock of AxoGen, Inc. (NASDAQ:AXGN) has “Buy” rating given on Monday, September 11 by Roth Capital. As per Tuesday, August 11, the company rating was upgraded by Zacks.

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