Axon Enterprise Inc (NASDAQ: AXON) closed the day trading at $306.78 down -1.47% from the previous closing price of $311.37. In other words, the price has decreased by -$4.59 from its previous closing price. On the day, 603057 shares were traded.
Ratios:
For a better understanding of AXON, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 178.20. For the most recent quarter (mrq), Quick Ratio is recorded 2.66 and its Current Ratio is at 3.00. In the meantime, Its Debt-to-Equity ratio is 0.44 whereas as Long-Term Debt/Eq ratio is at 0.44.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Argus on March 13, 2024, initiated with a Buy rating and assigned the stock a target price of $380.
On August 22, 2023, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $230.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 02 ’24 when Isner Joshua sold 35,400 shares for $251.68 per share. The transaction valued at 8,909,327 led to the insider holds 309,564 shares of the business.
Kunins Jeffrey C sold 2,722 shares of AXON for $699,410 on Dec 19 ’23. The CPO & CTO now owns 226,083 shares after completing the transaction at $256.95 per share. On Dec 19 ’23, another insider, Isner Joshua, who serves as the PRESIDENT of the company, sold 2,562 shares for $257.13 each. As a result, the insider received 658,778 and left with 344,964 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AXON now has a Market Capitalization of 23.09B and an Enterprise Value of 22.48B. As of this moment, Axon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 132.98, and their Forward P/E ratio for the next fiscal year is 53.77. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.78 while its Price-to-Book (P/B) ratio in mrq is 14.33. Its current Enterprise Value per Revenue stands at 14.38 whereas that against EBITDA is 115.52.
Stock Price History:
Over the past 52 weeks, AXON has reached a high of $325.63, while it has fallen to a 52-week low of $175.37. The 50-Day Moving Average of the stock is 270.17, while the 200-Day Moving Average is calculated to be 223.96.
Shares Statistics:
Over the past 3-months, AXON traded about 459.52K shares per day on average, while over the past 10 days, AXON traded about 665.64k shares per day. A total of 75.30M shares are outstanding, with a floating share count of 70.57M. Insiders hold about 6.29% of the company’s shares, while institutions hold 79.73% stake in the company. Shares short for AXON as of Feb 29, 2024 were 1.86M with a Short Ratio of 4.06, compared to 1.88M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.48% and a Short% of Float of 2.94%.
Earnings Estimates
Current recommendations for the stock of the company come from 12 analysts. On average, analysts expect EPS of $0.95 for the current quarter, with a high estimate of $1.07 and a low estimate of $0.82, while EPS last year was $0.88. The consensus estimate for the next quarter is $1.05, with high estimates of $1.18 and low estimates of $0.91.
Analysts are recommending an EPS of between $4.88 and $3.89 for the fiscal current year, implying an average EPS of $4.36. EPS for the following year is $5.65, with 11 analysts recommending between $6.2 and $5.24.
Revenue Estimates
10 analysts predict $441.57M in revenue for the current quarter. It ranges from a high estimate of $463.95M to a low estimate of $428.1M. As of the current estimate, Axon Enterprise Inc’s year-ago sales were $319.83M, an estimated increase of 38.10% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $466.99M, an increase of 24.70% less than the figure of $38.10% in the same quarter last year. There is a high estimate of $494.56M for the next quarter, whereas the lowest estimate is $446.51M.
A total of 12 analysts have provided revenue estimates for AXON’s current fiscal year. The highest revenue estimate was $2.01B, while the lowest revenue estimate was $1.89B, resulting in an average revenue estimate of $1.93B. In the same quarter a year ago, actual revenue was $1.56B, up 23.50% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $2.34B in the next fiscal year. The high estimate is $2.5B and the low estimate is $2.26B. The average revenue growth estimate for next year is up 21.30% from the average revenue estimate for this year.
