A share price of Axon Enterprise Inc [AXON] is currently trading at $364.39, up 2.76%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AXON shares have lost -0.16% over the last week, with a monthly amount drifted -1.10%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Axon Enterprise Inc [NASDAQ: AXON] stock has seen the most recent analyst activity on July 17, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $385. Previously, BofA Securities started tracking the stock with Buy rating on July 17, 2024, and set its price target to $380. On April 10, 2024, Needham reiterated its Buy rating and revised its price target to $400 on the stock. Argus started tracking the stock assigning a Buy rating and suggested a price target of $380 on March 13, 2024. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $230 as its price target on August 22, 2023. In a note dated May 11, 2023, JP Morgan upgraded an Overweight rating on this stock but restated the target price of $236.
Axon Enterprise Inc experienced fluctuations in its stock price throughout the past year between $189.12 and $378.89. Currently, Wall Street analysts expect the stock to reach $321 within the next 12 months. Axon Enterprise Inc [NASDAQ: AXON] shares were valued at $364.39 at the most recent close of the market. An investor can expect a potential drop of -11.91% based on the average AXON price forecast.
Analyzing the AXON fundamentals
Trailing Twelve Months sales for Axon Enterprise Inc [NASDAQ:AXON] were 1.81B which represents 34.57% growth. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.17 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.36.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 358.85 points at the first support level, and at 353.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 369.68, and for the 2nd resistance point, it is at 374.98.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Axon Enterprise Inc [NASDAQ:AXON] is 2.88. As well, the Quick Ratio is 2.52, while the Cash Ratio is 0.74. Considering the valuation of this stock, the price to sales ratio is 15.21, the price to book ratio is 14.28 and price to earnings (TTM) ratio is 96.27.
Transactions by insiders
Recent insider trading involved JEFFREY C KUNINS, Officer, that happened on Sep 09 ’24 when 8182.0 shares were purchased. Director, Cullivan Julie A completed a deal on Sep 05 ’24 to sell 900.0 shares. Meanwhile, Director JULIE ANNE CULLIVAN bought 900.0 shares on Sep 05 ’24.
