Axogen, Inc. (AXGN) shares are experiencing a decline in after-hours trading, which may be attributed to recent market signals indicating that the stock is overvalued. A signal alert identified an overbought trend, suggesting that the stock might be trading at a higher price than its intrinsic value. This perception of overvaluation could be prompting investors to sell off their shares, leading to downward pressure on the stock price.
Additionally, the company's recent financial performance might be contributing to the negative sentiment. Axogen reported a net loss of $6.635 million in its latest earnings, with an EPS of -$0.15, which fell short of analyst expectations. Despite a revenue increase of 12.9% to $41.4 million, the underperformance in earnings could be causing concern among investors, further influencing the stock's decline.
Axogen's stock fell 0.36% to $16.60 in after-hours trading, following a slight decrease of 0.42% to close at $16.66 on December 27, 2024.