A share price of Axon Enterprise Inc [AXON] is currently trading at $395.26, up 0.41%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The AXON shares have gain 3.20% over the last week, with a monthly amount glided 9.65%, and 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 September 12, 2024, when JMP Securities reiterated its Mkt Outperform rating and also boosted its price target to $430 from $375. Previously, Jefferies started tracking the stock with Buy rating on July 17, 2024, and set its price target to $385. On July 17, 2024, BofA Securities initiated with a Buy rating and assigned a price target of $380 on the stock. Needham reiterated its Buy rating and increased its price target to $400 on April 10, 2024. Argus initiated its recommendation with a Buy and recommended $380 as its price target on March 13, 2024. Morgan Stanley started tracking with a Equal-Weight rating for this stock on August 22, 2023, and assigned it a price target of $230.
Axon Enterprise Inc experienced fluctuations in its stock price throughout the past year between $189.12 and $397.32. Currently, Wall Street analysts expect the stock to reach $334.17 within the next 12 months. Axon Enterprise Inc [NASDAQ: AXON] shares were valued at $395.26 at the most recent close of the market. An investor can expect a potential drop of -15.46% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.36.
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 392.92 points at the first support level, and at 390.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 396.70, and for the 2nd resistance point, it is at 398.14.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Axon Enterprise Inc [NASDAQ:AXON] is 2.88. Further, the Quick Ratio stands at 2.52, while the Cash Ratio is 0.74. Considering the valuation of this stock, the price to sales ratio is 16.50, the price to book ratio is 15.49 and price to earnings (TTM) ratio is 104.42.
Transactions by insiders
Recent insider trading involved GARNREITER MICHAEL, Director, that happened on Sep 16 ’24 when 1000.0 shares were sold. COO & CFO, Bagley Brittany completed a deal on Sep 12 ’24 to sell 4338.0 shares. Meanwhile, Officer BRITTANY BAGLEY bought 4338.0 shares on Sep 12 ’24.
