Axogen, Inc.: Axogen Announces Pricing of $208.7 Million Public Offering of Common Stock
Axogen, Inc. ("Axogen" or the "Company") (Nasdaq: AXGN), a global leader in developing and marketing innovative surgical solutions for ...
Model output · Signal date 2026-11-06
Axogen, Inc. (AXGN) Stock Forecast Nov. 6, 2026
Analysis updated on Nov. 6, 2026 (UTC) · Total · absolute moveSwitch to Alpha · Nasdaq
Rating · 90D
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90-day forecast
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30-day forecast
Total
Rank in coverage
of 4007 stocks scored
Rank correlation · 90D
20.0%
Spearman, 357 dates
Market Cap
$2.91B
mid-cap · #4 of 28 peers
Summary
Axogen, Inc. (AXGN) stock forecast summary
Our AI scores Axogen, Inc. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
Axogen, Inc. is a mid-cap company with a market capitalization of $2.91B. It ranks number 4 by market capitalization among the 28 Electromedical & Electrotherapeutic Apparatus issuers in our coverage with a current forecast. Its Current Ratio of 12.02x is the highest of the 27 peers that report one. Its D/E Ratio of 0.11x is the lowest of the 23 peers that report one.
For AXGN, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 20.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 34.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected absolute price move over the horizon, market included. This is the number a price target is built from. Ratings: strong buy ≥ +6.3%, buy ≥ +4.3%, sell < +2.2%, strong sell < +0.6% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-11-06 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, AXGN included.
Price
AXGN price chart and AI forecast
Cross-section · 2026-11-06
How AXGN ranks among 4007 stocks
90D Total forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-09-30
Axogen, Inc. (AXGN) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Electromedical & Electrotherapeutic Apparatus peers listed below that report each metric.
Valuation & Market
| Metric | AXGN | Rank |
|---|---|---|
| Market Cap | $2.91B | 4/28 |
| P/B Ratio | 5.87x | 6/22 |
| EPS | $-0.31 | – |
| Book Value/Share | $8.31 | – |
| Revenue/Share | $4.47 | – |
| FCF/Share | $0.37 | – |
Profitability & Margins
| Metric | AXGN | Rank |
|---|---|---|
| ROIC | -2.7% | 10/20 |
| Gross Margin | 74.2% | 8/25 |
| Operating Margin | -5.2% | 10/25 |
| EBT Margin | -5.2% | 10/25 |
| Tax Rate | 0.0% | – |
Financial Health
| Metric | AXGN | Rank |
|---|---|---|
| Current Ratio | 12.02x | 1/27 |
| Quick Ratio | 10.67x | 1/26 |
| D/E Ratio | 0.11x | 23/23 |
| Financial Leverage | 1.11x | 23/23 |
| Interest Coverage | 1.5x | 9/27 |
| Working Capital | $402M | 5/26 |
Cash Flow
| Metric | AXGN | Rank |
|---|---|---|
| Operating Cash Flow | $28M | 7/27 |
| Free Cash Flow | $22M | 5/14 |
| Capital Spending | -$6M | 10/14 |
| OCF Growth YoY | 335.7% | 1/7 |
| FCF Growth YoY | 559.6% | 1/6 |
| FCF/Sales | 8.3% | 4/14 |
| CapEx/Sales | 2.4% | 6/14 |
Operational Efficiency
| Metric | AXGN | Rank |
|---|---|---|
| Asset Turnover | 0.49x | 13/17 |
| Receivables Turnover | 7.8x | 4/19 |
| Inventory Turnover | 1.4x | 18/25 |
| Fixed Assets Turnover | 3.3x | 17/19 |
| Days Sales Outstanding | 46 days | 16/19 |
| Days Inventory | 260 days | 8/25 |
| Payables Period | 183 days | 8/23 |
| Cash Conversion Cycle | 123 days | 9/18 |
Income Statement
| Metric | AXGN | Rank |
|---|---|---|
| Total Revenue | $267M | 5/18 |
| Operating Income | -$14M | 20/27 |
| R&D Expense | $37M | 6/26 |
| SG&A Expense | $287M | 4/24 |
| Cost of Goods Sold | $69M | 7/25 |
Dividend & Shareholder Information
| Metric | AXGN | Rank |
|---|---|---|
| Shares Outstanding | 60M | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $438M | 79.6% of assets |
| Cash & Short-term Investments | $329M | 59.8% of assets |
| Accounts Receivable | $34M | 6.2% of assets |
| Inventory | $49M | 8.9% of assets |
| Total Liabilities | $54M | 9.9% of assets |
| Short-term Debt | $2M | 0.3% of assets |
Quarterly Financial Reports
AXGN quarterly financials and insider trading
Industry Peers · Electromedical & Electrotherapeutic Apparatus
Axogen, Inc. (AXGN) industry peers
Companies classified under the same SEC industry code as Axogen, Inc. (Electromedical & Electrotherapeutic Apparatus): 29 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Total) | Market Cap |
|---|---|---|
| AXGN Axogen, Inc. | $2.91B | |
| MDT Medtronic Plc | $134.10B | |
| LIVN Livanova Plc | $5.02B | |
| ITGR Integer Holdings Corp | $4.31B | |
| TMDX Transmedics Group, Inc. | $2.39B | |
| CNMD Conmed Corp | $1.57B | |
| CBLL Ceribell, Inc. | $998M | |
| INMD Inmode Ltd. | $770M | |
| CV Capsovision, Inc | $310M | |
| ELMD Electromed, Inc. | $224M | |
| FOCL Edap Tms Sa | $159M | |
| STXS Stereotaxis, Inc. | $105M | |
| VANI Vivani Medical, Inc. | $95M | |
| ECOR Electrocore, Inc. | $79M | |
| OM Outset Medical, Inc. | $78M | |
| NRXS Neuraxis, Inc | $77M | |
| HYPR Hyperfine, Inc. | $73M | |
| POSC Positron Corp | $54M | |
| POCI Precision Optics Corporation, Inc. | $51M | |
| QTI Qt Imaging Holdings, Inc. | $30M | |
| ITOC Itonic Holdings Ltd | $12M | |
| IRIX Iridex Corp | $12M | |
| GTHP Guided Therapeutics Inc | $10M | |
| NDRA Endra Life Sciences Inc. | $8M | |
| ADMT Adm Tronics Unlimited, Inc. | $6M | |
| NUWE Nuwellis, Inc. | $2M | |
| ESMC Escalon Medical Corp | $1M | |
| NXL Nexalin Technology, Inc. | $1M | |
| YBGJ Yubo International Biotech Ltd | N/A |
Where AXGN sits on the market map
Industrial Applications and Services · Electromedical & Electrotherapeutic Apparatus
News
Axogen, Inc. (AXGN) stock news
Axogen, Inc Reports Third Quarter 2024 Financial Results and Provides BLA Update
The Company will host a conference call and webcast for the investment community today at 8:00 a.m. ET. Investors interested in participating in the conference call by phone may do so by dialing toll ...
Axogen, Inc. (AXGN) Q3 2025 Earnings Call Transcript
Good morning. Joining me on today's call is Michael Dale, AxoGen's Chief Executive Officer and Director; and Lindsey Hartley, Chief Financial Officer. Michael will discuss third quarter 2025 financial ...
FAQ
Axogen, Inc. (AXGN) stock forecast FAQ
What is the Axogen, Inc. (AXGN) stock forecast?
Our AI scores Axogen, Inc. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
How accurate are Axogen, Inc. stock predictions?
For AXGN, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 20.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 34.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Axogen, Inc. forecasts updated?
Axogen, Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 6, 2026.
Which companies are Axogen, Inc.'s industry peers?
29 issuers in our coverage, AXGN included, share the SEC industry code Electromedical & Electrotherapeutic Apparatus. The largest are: Medtronic Plc (MDT), Livanova Plc (LIVN), Integer Holdings Corp (ITGR), Transmedics Group, Inc. (TMDX), Conmed Corp (CNMD), Ceribell, Inc. (CBLL).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.