The stock of Axon Enterprise Inc (AXON) has gone up by 28.52% for the week, with a 27.65% rise in the past month and a 48.71% rise in the past quarter. The volatility ratio for the week is 2.05%, and the volatility levels for the past 30 days are 1.89% for AXON. The simple moving average for the past 20 days is 22.61% for AXON’s stock, with a 65.19% simple moving average for the past 200 days.
Is It Worth Investing in Axon Enterprise Inc (NASDAQ: AXON) Right Now?
The price-to-earnings ratio for Axon Enterprise Inc (NASDAQ: AXON) is 144.59x, which is above its average ratio. Moreover, the 36-month beta value for AXON is 0.90. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for AXON is 71.65M and currently, short sellers hold a 3.43% of that float. On November 08, 2024, AXON’s average trading volume was 534.76K shares.
AXON) stock’s latest price update
The stock of Axon Enterprise Inc (NASDAQ: AXON) has increased by 16.76 when compared to last closing price of 468.75.Despite this, the company has seen a gain of 28.52% in its stock price over the last five trading days. zacks.com reported 2024-11-08 that Here is how Axon Enterprise (AXON) and IHI CORP (IHICY) have performed compared to their sector so far this year.
Analysts’ Opinion of AXON
Many brokerage firms have already submitted their reports for AXON stocks, with JMP Securities repeating the rating for AXON by listing it as a “Mkt Outperform.” The predicted price for AXON in the upcoming period, according to JMP Securities is $430 based on the research report published on September 12, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see AXON reach a price target of $385. The rating they have provided for AXON stocks is “Buy” according to the report published on July 17th, 2024.
BofA Securities gave a rating of “Buy” to AXON, setting the target price at $380 in the report published on July 17th of the current year.
AXON Trading at 32.51% 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 able to rebound, for now settling with 16.20% of gains for the given period.
Volatility was left at 1.89%, however, over the last 30 days, the volatility rate increased by 2.05%, as shares surge +25.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +50.27% upper at present.
During the last 5 trading sessions, AXON rose by +27.74%, which changed the moving average for the period of 200-days by +115.27% in comparison to the 20-day moving average, which settled at $446.22. In addition, Axon Enterprise Inc saw 111.86% 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 GARNREITER MICHAEL, who sale 1,000 shares at the price of $437.98 back on Oct 15 ’24. After this action, GARNREITER MICHAEL now owns 26,259 shares of Axon Enterprise Inc, valued at $437,980 using the latest closing price.
SMITH PATRICK W, the CHIEF EXECUTIVE OFFICER of Axon Enterprise Inc, sale 4,767 shares at $404.14 during a trade that took place back on Oct 03 ’24, which means that SMITH PATRICK W is holding 2,925,060 shares at $1,926,545 based on the most recent closing price.
Stock Fundamentals for AXON
Current profitability levels for the company are sitting at:
- 0.08 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 17.23, with 8.52 for asset returns.
Based on Axon Enterprise Inc (AXON), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 0.39. The debt to equity ratio resting at 0.36. The interest coverage ratio of the stock is 20.49.
Currently, EBITDA for the company is 187.43 million with net debt to EBITDA at 0.75. When we switch over and look at the enterprise to sales, we see a ratio of 22.83. The receivables turnover for the company is 2.48for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.88.
Conclusion
To wrap up, the performance of Axon Enterprise Inc (AXON) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
