Axon Enterprise Inc (NASDAQ: AXON) has a price-to-earnings ratio of 164.85x that is above its average ratio. Additionally, the 36-month beta value for AXON is 0.95. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 6 rating it as “overweight,” 3 rating it as “hold,” and 1 rating it as “sell.”
The public float for AXON is 72.37M and currently, short sellers hold a 3.32% ratio of that float. The average trading volume of AXON on November 21, 2024 was 626.79K shares.
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AXON) stock’s latest price update
Axon Enterprise Inc (NASDAQ: AXON)’s stock price has increased by 4.39 compared to its previous closing price of 609.82. However, the company has seen a 5.30% increase in its stock price over the last five trading sessions. zacks.com reported 2024-11-19 that These five stocks have provided 50% returns year to date. Despite the rally, their favorable Zacks Rank indicates more room to run.
AXON’s Market Performance
Axon Enterprise Inc (AXON) has experienced a 5.30% rise in stock performance for the past week, with a 43.80% rise in the past month, and a 71.73% rise in the past quarter. The volatility ratio for the week is 2.60%, and the volatility levels for the past 30 days are at 3.18% for AXON. The simple moving average for the past 20 days is 21.27% for AXON’s stock, with a 83.22% simple moving average for the past 200 days.
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 38.84% 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 1.88% of gains for the given period.
Volatility was left at 3.18%, however, over the last 30 days, the volatility rate increased by 2.60%, as shares surge +43.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +65.24% upper at present.
During the last 5 trading sessions, AXON rose by +5.10%, which changed the moving average for the period of 200-days by +139.34% in comparison to the 20-day moving average, which settled at $524.88. In addition, Axon Enterprise Inc saw 146.43% 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 MCBRADY MATTHEW R, who sale 1,000 shares at the price of $605.20 back on Nov 20 ’24. After this action, MCBRADY MATTHEW R now owns 3,892 shares of Axon Enterprise Inc, valued at $605,196 using the latest closing price.
Matthew McBrady, the Director of Axon Enterprise Inc, proposed sale 1,000 shares at $610.35 during a trade that took place back on Nov 20 ’24, which means that Matthew McBrady is holding shares at $610,350 based on the most recent closing price.
Stock Fundamentals for AXON
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.6 for the gross margin
The net margin for Axon Enterprise Inc stands at 0.15. The total capital return value is set at 0.04. Equity return is now at value 16.48, with 8.22 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 0.41. The debt to equity ratio resting at 0.34. The interest coverage ratio of the stock is 16.55.
Currently, EBITDA for the company is 189.73 million with net debt to EBITDA at 0.16. When we switch over and look at the enterprise to sales, we see a ratio of 25.08. The receivables turnover for the company is 3.07for 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 2.96.
Conclusion
In conclusion, Axon Enterprise Inc (AXON) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
