Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Axon Enterprise Inc (NASDAQ: AXON) closed the day trading at $297.59 down -0.74% from the previous closing price of $299.82. In other words, the price has decreased by -$0.74 from its previous closing price. On the day, 0.53 million shares were traded. AXON stock price reached its highest trading level at $303.5126 during the session, while it also had its lowest trading level at $297.3.
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 16.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 173.23. 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, Needham on April 10, 2024, Reiterated its Buy rating but revised its target price to $400 from $315 previously.
On March 13, 2024, Argus started tracking the stock assigning a Buy rating and target price of $380.
On August 22, 2023, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $230.Morgan Stanley initiated its Equal-Weight rating on August 22, 2023, with a $230 target price.
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 22457122816 and an Enterprise Value of 21809281024. As of this moment, Axon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 129.00, and their Forward P/E ratio for the next fiscal year is 52.13. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.36 while its Price-to-Book (P/B) ratio in mrq is 13.90. Its current Enterprise Value per Revenue stands at 13.95 whereas that against EBITDA is 114.951.
Stock Price History:
Over the past 52 weeks, AXON has reached a high of $329.87, while it has fallen to a 52-week low of $175.37. The 50-Day Moving Average of the stock is -0.37%, while the 200-Day Moving Average is calculated to be 25.12%.
Shares Statistics:
Over the past 3-months, AXON traded about 476.79K shares per day on average, while over the past 10 days, AXON traded about 460700 shares per day. A total of 75.30M shares are outstanding, with a floating share count of 70.68M. Insiders hold about 6.34% of the company’s shares, while institutions hold 79.73% stake in the company. Shares short for AXON as of 1711584000 were 2279138 with a Short Ratio of 4.78, compared to 1709164800 on 1864924. Therefore, it implies a Short% of Shares Outstanding of 2279138 and a Short% of Float of 4.1300002000000005.
Earnings Estimates
At present, Axon Enterprise, Inc. analysts are actively evaluating the performance of Axon Enterprise Inc (AXON) in the stock market.The consensus estimate for the next quarter is $308.70, with high estimates of $6.55 and low estimates of $85.24.
Analysts are recommending an EPS of between $Healthcare and $Industrials for the fiscal current year, implying an average EPS of $Financial Services.
