Boston Scientific finalizes 3.7B acquisition of Axonics

Slightly above 67% of Axonics Modulation's investor base is looking to short. The analysis of current outlook of investing in Axonics Modulation Technologies suggests that many traders are alarmed regarding Axonics Modulation's prospects. Axonics Modulation's investing sentiment can be driven by a variety of factors including economic data, Axonics Modulation's earnings reports, geopolitical events, and overall market trends.
  
Boston Scientific today announced the completion of its 3.7 billion acquisition of Axonics, Inc. .

Read at massdevice.com
news
  

Axonics Modulation Fundamental Analysis

We analyze Axonics Modulation's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Axonics Modulation using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Axonics Modulation based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Price To Book

Price To Book Comparative Analysis

Axonics Modulation is currently under evaluation in price to book category among its peers. Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

Axonics Modulation Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Axonics Modulation stock to make a market-neutral strategy. Peer analysis of Axonics Modulation could also be used in its relative valuation, which is a method of valuing Axonics Modulation by comparing valuation metrics with similar companies.

Peers

Axonics Modulation Related Equities

OFIXOrthofix Medical   12.26   
0%
100.0%
NNOXNano X   2.74   
0%
22.0%
IARTIntegra LifeSciences   1.43   
0%
11.0%
LUNGPulmonx Corp   1.21   
0%
9.0%
GKOSGlaukos Corp   1.18   
0%
9.0%
KIDSOrthopediatrics Corp   0.69   
0%
5.0%
ITGRInteger Holdings   0.55   
0%
4.0%
MDTMedtronic PLC   0.02   
0%
1.0%
MGRMMonogram Orthopaedics   0.37   
3.0%
0%
CNMDCONMED   0.50   
4.0%
0%
LIVNLivaNova PLC   1.38   
11.0%
0%
IRTCIRhythm Technologies   2.75   
22.0%
0%
NPCENeuropace   2.80   
22.0%
0%
BRKRBruker   6.39   
52.0%
0%
SIBNSi Bone   10.73   
87.0%
0%
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.
You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Other Consideration for investing in Axonics Stock

If you are still planning to invest in Axonics Modulation check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Axonics Modulation's history and understand the potential risks before investing.
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Global Correlations
Find global opportunities by holding instruments from different markets
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios