Axon Enterprise Inc (NASDAQ: AXON) is 136.12% higher on its value in year-to-date trading and has touched a low of $241.72 and a high of $698.67 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 $635.76 in the last trading session, with the day’s loss setting it -25.8%.
Currently trading at $609.96, the stock is -5.29% and 11.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.53 million and changing -4.06% at the moment leaves the stock 60.40% off its SMA200. AXON registered 138.55% gain for a year compared to 6-month gain of 108.08%. The firm has a 50-day simple moving average (SMA 50) of $544.086 and a 200-day simple moving average (SMA200) of $378.80554.
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The stock witnessed a 1.66% loss in the last 1 month and extending the period to 3 months gives it a 56.50%, and is -5.06% 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 4.49% over the week and 3.80% over the month.
Axon Enterprise Inc (AXON) has around 3330 employees, a market worth around $46.51B and $1.94B in sales. Current P/E ratio is 157.96 and Fwd P/E is 97.22. Profit margin for the company is 15.37%. Distance from 52-week low is 152.34% and -12.70% from its 52-week high. The company has generated returns on investments over the last 12 months (10.58%).
The EPS is expected to grow by 23.96% this year
1195.0 institutions hold shares in Axon Enterprise Inc (AXON), with institutional investors hold 85.01% of the company’s shares. The shares outstanding are 76.08M, and float is at 72.43M with Short Float at 3.11%. Institutions hold 81.00% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 8.3 million shares valued at $2.44 billion. The investor’s holdings represent 11.0155 of the AXON Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 8.16 million shares valued at $2.4 billion to account for 10.8314 of the shares outstanding. The other top investors are STATE STREET CORP which holds 3.04 million shares representing 4.0371 and valued at over $895.12 million, while SANDS CAPITAL MANAGEMENT, LLC holds 3.3968 of the shares totaling 2.56 million with a market value of $753.16 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 1,291 shares of the company’s common stock on Dec 17 ’24 at a price of $642.43 per share for a total of $0.83 million. Following the sale, the insider now owns 0.18 million shares.
Axon Enterprise Inc disclosed in a document filed with the SEC on Dec 17 ’24 that Kunins Jeffrey C (CPO & CTO) sold a total of 1,370 shares of the company’s common stock. The trade occurred on Dec 17 ’24 and was made at $639.14 per share for $0.88 million. Following the transaction, the insider now directly holds 0.13 million shares of the AXON stock.
Still, SEC filings show that on Dec 17 ’24, JEFFREY C KUNINS (Officer) Proposed Sale 1,370 shares at an average price of $649.30 for $0.89 million. The insider now directly holds shares of Axon Enterprise Inc (AXON).
