Axon Enterprise Inc (NASDAQ: AXON) is 25.46% higher on its value in year-to-date trading and has touched a low of $175.37 and a high of $325.63 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AXON stock was last observed hovering at around $318.26 in the last trading session, with the day’s gains setting it 5.83%.
Currently trading at $324.09, the stock is 3.90% and 10.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.7 million and changing 1.83% at the moment leaves the stock 37.91% off its SMA200. AXON registered 44.68% gain for a year compared to 6-month gain of 50.54%. The firm has a 50-day simple moving average (SMA 50) of $15.25 and a 200-day simple moving average (SMA200) of $122.52.
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The stock witnessed a 4.09% loss in the last 1 month and extending the period to 3 months gives it a 30.15%, and is 5.63% up 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 2.76% over the week and 2.08% over the month.
Axon Enterprise Inc (AXON) has around 3330 employees, a market worth around $24.46B and $1.56B in sales. Current P/E ratio is 140.49 and Fwd P/E is 56.77. Profit margin for the company is 11.14%. Distance from 52-week low is 84.81% and -0.47% from its 52-week high. The company has generated returns on investments over the last 12 months (7.50%).
Axon Enterprise Inc quarterly earnings per share for the current quarter are estimated at $0.95 with sales reaching $441.57M over the same period.The EPS is expected to grow by 6.52% this year, but quarterly earnings will post 23.50% year-over-year. Quarterly sales are estimated to grow 38.10% in year-over-year returns.
957 institutions hold shares in Axon Enterprise Inc (AXON), with institutional investors hold 84.70% of the company’s shares. The shares outstanding are 75.30M, and float is at 70.68M with Short Float at 3.22%. Institutions hold 80.34% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 7.87 million shares valued at $1.54 billion. The investor’s holdings represent 10.53% of the AXON Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 7.35 million shares valued at $1.43 billion to account for 9.84% of the shares outstanding. The other top investors are Capital International Investors which holds 3.11 million shares representing 4.16% and valued at over $606.33 million, while State Street Corporation holds 3.90% of the shares totaling 2.92 million with a market value of $568.82 million.
Axon Enterprise Inc (AXON) Insider Activity
The most recent transaction is an insider sale by Isner Joshua, the company’s PRESIDENT. SEC filings show that Isner Joshua sold 35,400 shares of the company’s common stock on Jan 02 ’24 at a price of $251.68 per share for a total of $8.91 million. Following the sale, the insider now owns 0.31 million shares.
Axon Enterprise Inc disclosed in a document filed with the SEC on Dec 19 ’23 that Kunins Jeffrey C (CPO & CTO) sold a total of 2,722 shares of the company’s common stock. The trade occurred on Dec 19 ’23 and was made at $256.95 per share for $0.7 million. Following the transaction, the insider now directly holds 0.23 million shares of the AXON stock.
Still, SEC filings show that on Dec 19 ’23, Isner Joshua (PRESIDENT) disposed off 2,562 shares at an average price of $257.13 for $0.66 million. The insider now directly holds 344,964 shares of Axon Enterprise Inc (AXON).
