Axon Enterprise Inc [AXON] stock is trading at $399.22, down -0.10%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AXON shares have gain 1.41% over the last week, with a monthly amount glided 9.38%, 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 [AXON] stock has fluctuated between $190.01 and $400.33 over the past year. 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 $399.22 at the most recent close of the market. An investor can expect a potential drop of -16.29% based on the average AXON price forecast.
Analyzing the AXON fundamentals
Axon Enterprise Inc [NASDAQ:AXON] reported sales of 1.81B for the trailing twelve months, which represents a growth of 34.57%. 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 396.13 points at the first support level, and at 393.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 401.54, and for the 2nd resistance point, it is at 403.87.
Ratios To Look Out For
For context, Axon Enterprise Inc’s Current Ratio is 2.88. In addition, the Quick Ratio stands at 2.52 and the Cash Ratio stands at 0.74. Considering the valuation of this stock, the price to sales ratio is 16.66, the price to book ratio is 15.64 and price to earnings (TTM) ratio is 105.47.
Transactions by insiders
Recent insider trading involved Williams Jeri, Director, that happened on Sep 30 ’24 when 110.0 shares were sold. Director, PATRICK SMITH completed a deal on Oct 01 ’24 to buy 47314.0 shares. Meanwhile, Director PATRICK SMITH bought 4746.0 shares on Sep 30 ’24.
