At the time of writing, Axon Enterprise Inc [AXON] stock is trading at $687.69, down -0.30%. An important factor to consider is whether the stock is rising or falling in short-term value. The AXON shares have gain 6.30% over the last week, with a monthly amount glided 49.65%, 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 December 03, 2024, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $700 from $500. Previously, JMP Securities reaffirmed its Mkt Outperform rating on September 12, 2024, and elevated its price target to $430. On July 17, 2024, Jefferies initiated with a Buy rating and assigned a price target of $385 on the stock. BofA Securities started tracking the stock assigning a Buy rating and suggested a price target of $380 on July 17, 2024. Needham reiterated its recommendation of a Buy and raised its price target to $400 on April 10, 2024. Argus started tracking with a Buy rating for this stock on March 13, 2024, and assigned it a price target of $380. In a note dated August 22, 2023, Morgan Stanley initiated an Equal-Weight rating and provided a target price of $230 on this stock.
For the past year, the stock price of Axon Enterprise Inc fluctuated between $231.83 and $695.94. Currently, Wall Street analysts expect the stock to reach $516.5 within the next 12 months. Axon Enterprise Inc [NASDAQ: AXON] shares were valued at $687.69 at the most recent close of the market. An investor can expect a potential drop of -24.89% based on the average AXON price forecast.
Analyzing the AXON fundamentals
According to Axon Enterprise Inc [NASDAQ:AXON], the company’s sales were 1.94B for trailing twelve months, which represents an 31.59% jump. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.16 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.32.
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 679.06 points at the first support level, and at 670.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 697.49, and for the 2nd resistance point, it is at 707.30.
Ratios To Look Out For
It is important to note that Axon Enterprise Inc [NASDAQ:AXON] has a current ratio of 2.96. On the other hand, the Quick Ratio is 2.63, and the Cash Ratio is 0.84. Considering the valuation of this stock, the price to sales ratio is 26.93, the price to book ratio is 24.92 and price to earnings (TTM) ratio is 178.08.
Transactions by insiders
Recent insider trading involved Cullivan Julie A, Director, that happened on Dec 04 ’24 when 1261.0 shares were sold. CPO & CTO, Kunins Jeffrey C completed a deal on Dec 03 ’24 to sell 2304.0 shares. Meanwhile, CPO & CTO Kunins Jeffrey C sold 333.0 shares on Dec 04 ’24.
