Time to Reconsider AxoGen, Inc. (AXGN) After Reaching All Time High?

October 13, 2017 - By Darrin Black

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.

Wall Street await AxoGen, Inc. (NASDAQ:AXGN) to release earnings on November, 1. Analysts forecast EPS of $-0.08, exactly $0.00 or 0.00 % from 2014’s $-0.08 EPS. After posting $-0.06 EPS for the previous quarter, AxoGen, Inc.’s analysts now forecast 33.33 % negative EPS growth.

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. The rating was maintained by Wedbush on Monday, November 7 with “Outperform”. Lake Street upgraded the stock to “Buy” rating in Tuesday, November 22 report. The stock of AxoGen, Inc. (NASDAQ:AXGN) has “Outperform” rating given on Friday, August 28 by Wedbush. The firm earned “Hold” rating on Thursday, November 3 by Lake Street. The company was maintained on Monday, August 21 by Cantor Fitzgerald. The firm has “Buy” rating given on Monday, September 11 by Roth Capital. The rating was upgraded by Zacks to “Hold” on Tuesday, August 11.

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