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Axon Enterprise Inc. (AXON) Is Down -41.04% in 2022 With Lots of Room to Run

Axon Enterprise Inc. (NASDAQ: AXON) is -41.04% lower on its value in year-to-date trading and has touched a low of $82.49 and a high of $209.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AXON stock was last observed hovering at around $92.49 in the last trading session, with the day’s gains setting it 0.08% off its average median price target of $141.00 for the next 12 months. It is also 58.49% off the consensus price target high of $223.00 offered by 11 analysts, but current levels are 22.86% higher than the price target low of $120.00 for the same period.

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Currently trading at $92.57, the stock is 0.44% and -4.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing 0.09% at the moment leaves the stock -32.32% off its SMA200. AXON registered -49.22% loss for a year compared to 6-month loss of -37.24%. The firm has a 50-day simple moving average (SMA 50) of $6.96 and a 200-day simple moving average (SMA200) of -$79.91.

The stock witnessed a -4.08% gain in the last 1 month and extending the period to 3 months gives it a -25.59%, and is -1.55% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.34% over the week and 4.92% over the month.

Axon Enterprise Inc. (AXON) has around 2148 employees, a market worth around $6.64B and $924.80M in sales. Current P/E ratio is 181.51 and Fwd P/E is 39.11. Profit margin for the company is 4.60%. Distance from 52-week low is 12.21% and -55.71% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.30%).

Axon Enterprise Inc. (AXON) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Axon Enterprise Inc. (AXON) is a “Buy”. 11 analysts offering their recommendations for the stock have an average rating of 1.70, where 1 rate it as a Hold and 1 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Axon Enterprise Inc. is expected to release its quarterly report on 11/08/2022.The EPS is expected to shrink by -15.70% this year.

Axon Enterprise Inc. (AXON) Top Institutional Holders

The shares outstanding are 70.95M, and float is at 67.37M with Short Float at 2.54%.

Axon Enterprise Inc. (AXON) Insider Activity

A total of 14 insider transactions have happened at Axon Enterprise Inc. (AXON) in the last six months, with sales accounting for 4 and purchases happening 10 times. The most recent transaction is an insider sale by KROLL MARK W,the company’sDirector. SEC filings show that KROLL MARK W sold 3,159 shares of the company’s common stock on Jun 08 at a price of $102.82 per share for a total of $0.32 million. Following the sale, the insider now owns 13691.0 shares.

Axon Enterprise Inc. disclosed in a document filed with the SEC on May 31 that Cullivan Julie A (Director) sold a total of 1,502 shares of the company’s common stock. The trade occurred on May 31 and was made at $102.14 per share for $0.15 million. Following the transaction, the insider now directly holds 8082.0 shares of the AXON stock.

Still, SEC filings show that on May 27, Cullivan Julie A (Director) disposed off 478 shares at an average price of $99.91 for $47757.0. The insider now directly holds 9,584 shares of Axon Enterprise Inc. (AXON).

Axon Enterprise Inc. (AXON): Who are the competitors?

The company’s main competitors (and peers) include Motorola Solutions Inc. (MSI) that is trading -5.03% down over the past 12 months and Sturm Ruger & Company Inc. (RGR) that is -21.07% lower over the same period. Smith & Wesson Brands Inc. (SWBI) is -50.77% down on the 1-year trading charts.

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