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Axon Enterprise Inc (NASDAQ: AXON) closed the day trading at $423.50 down -3.53% from the previous closing price of $439.00. In other words, the price has decreased by -$3.53 from its previous closing price. On the day, 0.88 million shares were traded. AXON stock price reached its highest trading level at $436.57 during the session, while it also had its lowest trading level at $422.38.
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 29.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 156.69. For the most recent quarter (mrq), Quick Ratio is recorded 2.52 and its Current Ratio is at 2.88. In the meantime, Its Debt-to-Equity ratio is 0.37 whereas as Long-Term Debt/Eq ratio is at 0.37.
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, JMP Securities on September 12, 2024, Reiterated its Mkt Outperform rating but revised its target price to $430 from $375 previously.
On July 17, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $385.
On July 17, 2024, BofA Securities started tracking the stock assigning a Buy rating and target price of $380.BofA Securities initiated its Buy rating on July 17, 2024, with a $380 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 Oct 15 ’24 when GARNREITER MICHAEL sold 1,000 shares for $437.98 per share. The transaction valued at 437,980 led to the insider holds 26,259 shares of the business.
SMITH PATRICK W sold 4,767 shares of AXON for $1,926,545 on Oct 03 ’24. The CHIEF EXECUTIVE OFFICER now owns 2,925,060 shares after completing the transaction at $404.14 per share. On Oct 02 ’24, another insider, SMITH PATRICK W, who serves as the CHIEF EXECUTIVE OFFICER of the company, sold 112,940 shares for $402.99 each. As a result, the insider received 45,513,920 and left with 2,929,827 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 33160517632 and an Enterprise Value of 31661150208. As of this moment, Axon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 111.88, and their Forward P/E ratio for the next fiscal year is 71.21. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.68 while its Price-to-Book (P/B) ratio in mrq is 16.59. Its current Enterprise Value per Revenue stands at 17.487 whereas that against EBITDA is 160.872.
Stock Price History:
Over the past 52 weeks, AXON has reached a high of $455.17, while it has fallen to a 52-week low of $199.50. The 50-Day Moving Average of the stock is 5.51%, while the 200-Day Moving Average is calculated to be 30.27%.
Shares Statistics:
Over the past 3-months, AXON traded about 587.94K shares per day on average, while over the past 10 days, AXON traded about 441510 shares per day. A total of 75.30M shares are outstanding, with a floating share count of 71.65M. Insiders hold about 5.20% of the company’s shares, while institutions hold 80.31% stake in the company. Shares short for AXON as of 1728950400 were 2461126 with a Short Ratio of 4.19, compared to 1726185600 on 2099415. Therefore, it implies a Short% of Shares Outstanding of 2461126 and a Short% of Float of 4.4499997.
