At the time of writing, Axon Enterprise Inc [AXON] stock is trading at $579.80, up 1.96%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AXON shares have gain 1.59% over the last week, with a monthly amount drifted -9.75%, and not 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 January 08, 2025, when TD Cowen initiated its Buy rating and assigned the stock a price target of $700. Previously, Morgan Stanley upgraded its rating to Overweight on December 03, 2024, and elevated its price target to $700. On September 12, 2024, JMP Securities reiterated its Mkt Outperform rating and revised its price target to $430 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $385 on July 17, 2024. BofA Securities initiated its recommendation with a Buy and recommended $380 as its price target on July 17, 2024. Needham reiterated a Buy rating for this stock on April 10, 2024, and upped its price target to $400. In a note dated March 13, 2024, Argus initiated an Buy rating and provided a target price of $380 on this stock.
For the past year, the stock price of Axon Enterprise Inc fluctuated between $246.99 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 $579.80 at the most recent close of the market. An investor can expect a potential drop of -10.92% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.34.
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 571.76 points at the first support level, and at 563.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 586.04, and for the 2nd resistance point, it is at 592.27.
Ratios To Look Out For
It is important to note that Axon Enterprise Inc [NASDAQ:AXON] has a current ratio of 2.96. As well, the Quick Ratio is 2.63, while the Cash Ratio is 0.84. Considering the valuation of this stock, the price to sales ratio is 22.78, the price to book ratio is 21.01 and price to earnings (TTM) ratio is 150.15.
Transactions by insiders
Recent insider trading involved Kalinowski Caitlin Elizabeth, Director, that happened on Jan 02 ’25 when 450.0 shares were sold. Director, CAITLIN KALINOWSKI completed a deal on Jan 02 ’25 to buy 450.0 shares. Meanwhile, CPO & CTO Kunins Jeffrey C sold 1035.0 shares on Dec 23 ’24.
