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In the latest session, Axon Enterprise Inc (NASDAQ: AXON) closed at $300.01 down -1.55% from its previous closing price of $304.72. In other words, the price has decreased by -$1.55 from its previous closing price. On the day, 0.66 million shares were traded. AXON stock price reached its highest trading level at $308.56 during the session, while it also had its lowest trading level at $298.9985.
Ratios:
For a deeper understanding of Axon Enterprise Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 139.48. For the most recent quarter (mrq), Quick Ratio is recorded 2.55 and its Current Ratio is at 2.91. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.39.
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, Jefferies on July 17, 2024, initiated with a Buy rating and assigned the stock a target price of $385.
On July 17, 2024, BofA Securities started tracking the stock assigning a Buy rating and target price of $380.
Needham reiterated its Buy rating for the stock on April 10, 2024, while the target price for the stock was revised from $315 to $400.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 18 ’24 when Isner Joshua sold 1,434 shares for $297.78 per share. The transaction valued at 427,016 led to the insider holds 273,332 shares of the business.
Cullivan Julie A sold 993 shares of AXON for $279,748 on May 31 ’24. The Director now owns 4,553 shares after completing the transaction at $281.72 per share. On May 28 ’24, another insider, Cullivan Julie A, who serves as the Director of the company, sold 478 shares for $286.04 each. As a result, the insider received 136,727 and left with 5,546 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 22640914432 and an Enterprise Value of 22652637184. As of this moment, Axon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 87.64, and their Forward P/E ratio for the next fiscal year is 52.61. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.47 while its Price-to-Book (P/B) ratio in mrq is 12.45. Its current Enterprise Value per Revenue stands at 13.475 whereas that against EBITDA is 116.601.
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 1.69%, while the 200-Day Moving Average is calculated to be 9.64%.
Shares Statistics:
For the past three months, AXON has traded an average of 511.26K shares per day and 452710 over the past ten days. A total of 75.30M shares are outstanding, with a floating share count of 71.45M. Insiders hold about 5.32% of the company’s shares, while institutions hold 80.03% stake in the company. Shares short for AXON as of 1721001600 were 2388297 with a Short Ratio of 4.67, compared to 1718323200 on 2574429. Therefore, it implies a Short% of Shares Outstanding of 2388297 and a Short% of Float of 4.32.
