The price-to-earnings ratio for Axon Enterprise Inc (NASDAQ: AXON) is above average at 90.30x. The 36-month beta value for AXON is also noteworthy at 0.94. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 rating it as “hold,” and 1 rating it as “sell.”
The public float for AXON is 71.36M, and at present, short sellers hold a 3.18% of that float. The average trading volume of AXON on May 10, 2024 was 523.55K shares.
AXON) stock’s latest price update
The stock price of Axon Enterprise Inc (NASDAQ: AXON) has plunged by -0.89 when compared to previous closing price of 311.86, but the company has seen a -2.42% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-08 that When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock’s price, but are they really important?
AXON’s Market Performance
Axon Enterprise Inc (AXON) has seen a -2.42% fall in stock performance for the week, with a -2.88% decline in the past month and a 14.90% surge in the past quarter. The volatility ratio for the week is 2.40%, and the volatility levels for the past 30 days are at 2.66% for AXON. The simple moving average for the past 20 days is 0.23% for AXON’s stock, with a 25.30% simple moving average for the past 200 days.
Analysts’ Opinion of AXON
Many brokerage firms have already submitted their reports for AXON stocks, with Needham repeating the rating for AXON by listing it as a “Buy.” The predicted price for AXON in the upcoming period, according to Needham is $400 based on the research report published on April 10, 2024 of the current year 2024.
Argus, on the other hand, stated in their research note that they expect to see AXON reach a price target of $380. The rating they have provided for AXON stocks is “Buy” according to the report published on March 13th, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to AXON, setting the target price at $230 in the report published on August 22nd of the previous year.
AXON Trading at -0.53% from the 50-Day Moving Average
After a stumble in the market that brought AXON to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.30% of loss for the given period.
Volatility was left at 2.66%, however, over the last 30 days, the volatility rate increased by 2.40%, as shares sank -4.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.04% lower at present.
During the last 5 trading sessions, AXON fell by -2.42%, which changed the moving average for the period of 200-days by +71.69% in comparison to the 20-day moving average, which settled at $307.64. In addition, Axon Enterprise Inc saw 19.65% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AXON starting from Isner Joshua, who sale 35,400 shares at the price of $251.68 back on Jan 02 ’24. After this action, Isner Joshua now owns 309,564 shares of Axon Enterprise Inc, valued at $8,909,327 using the latest closing price.
Kunins Jeffrey C, the CPO & CTO of Axon Enterprise Inc, sale 2,722 shares at $256.95 during a trade that took place back on Dec 19 ’23, which means that Kunins Jeffrey C is holding 226,083 shares at $699,410 based on the most recent closing price.
Stock Fundamentals for AXON
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.6 for the gross margin
The net margin for Axon Enterprise Inc stands at 0.16. The total capital return value is set at 0.05. Equity return is now at value 16.29, with 7.92 for asset returns.
Based on Axon Enterprise Inc (AXON), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 0.39. The interest coverage ratio of the stock is 2.76.
Currently, EBITDA for the company is 187.43 million with net debt to EBITDA at 1.7. When we switch over and look at the enterprise to sales, we see a ratio of 14.06. The receivables turnover for the company is 2.98for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.91.
Conclusion
In summary, Axon Enterprise Inc (AXON) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
