Axovant Sciences: Expect A Crash After An Overhyped Deal With Oxford BioMedica [Seeking Alpha]
Axon Enterprise, Inc. (AXON)
Last axon enterprise, inc. earnings: 2/7 04:15 pm
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US:NYSE Investor Relations:
investors.axovant.com/investors/sec-filings
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Source: Seeking Alpha
Summary Last week, Axovant Sciences Ltd. ( AXON ) announced a licensing agreement with Oxford BioMedica ( OTCPK:OXBDF ) (OXB.L). AXON licensed the exclusive worldwide rights to develop and commercialize OXB-102, now AXO-Lenti-PD, an investigational gene therapy for Parkinson's disease. News of the deal was the spark that lit a fire on the intensely oversold stock as AXON rose from $1.75 to as high as $6.59 before settling on Friday at $4.80. While AXON has been punished dearly by the market, having dropped from over $20 last September to barely over $1.00 until recently, that share price destruction was largely deserved due to a series of failed drug studies. The best way to judge the sustainability of the stock's recent move is to view this deal fundamentally. The move from $1.75 to $4.80 results in an increase of the company's market cap by $329 million, more if you include the company's recent private placement. I do not believe that this licensing deal is worth anythin
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AXON
News
- Axon Enterprise, Inc. (NASDAQ: AXON) had its "outperform" rating re-affirmed by analysts at William Blair.MarketBeat
- Axon Enterprise, Inc. (NASDAQ: AXON) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $400.00 price target on the stock.MarketBeat
- Axon reimagines report writing with Draft One, a first-of-its-kind AI-powered force multiplier for public safety [Yahoo! Finance]Yahoo! Finance
- Axon reimagines report writing with Draft One, a first-of-its-kind AI-powered force multiplier for public safetyPR Newswire
- Axon Enterprise (AXON) Stock Slides as Market Rises: Facts to Know Before You Trade [Yahoo! Finance]Yahoo! Finance
AXON
Earnings
- 2/27/24 - Beat
AXON
Sec Filings
- 4/19/24 - Form POSASR
- 4/15/24 - Form DEFA14A
- 4/15/24 - Form DEFA14A
- AXON's page on the SEC website