A share price of Axon Enterprise Inc [AXON] is currently trading at $615.68, up 0.94%. An important factor to consider is whether the stock is rising or falling in short-term value. The AXON shares have lost -3.26% over the last week, with a monthly amount glided 0.90%, and seem to be holding up well over a long-time horizon.
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.
Axon Enterprise Inc experienced fluctuations in its stock price throughout the past year between $241.72 and $698.67. 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 $615.68 at the most recent close of the market. An investor can expect a potential drop of -16.11% based on the average AXON price forecast.
Analyzing the AXON fundamentals
Trailing Twelve Months sales for Axon Enterprise Inc [NASDAQ:AXON] were 1.94B which represents 31.59% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.32.
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 606.93 points at the first support level, and at 598.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 625.51, and for the 2nd resistance point, it is at 635.33.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Axon Enterprise Inc [NASDAQ:AXON] is 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 24.18, the price to book ratio is 22.31 and price to earnings (TTM) ratio is 159.44.
Transactions by insiders
Recent insider trading involved Isner Joshua, PRESIDENT, that happened on Dec 17 ’24 when 1291.0 shares were sold. CPO & CTO, Kunins Jeffrey C completed a deal on Dec 17 ’24 to sell 1370.0 shares. Meanwhile, Officer JEFFREY C KUNINS bought 1370.0 shares on Dec 17 ’24.
