Axon Enterprise Inc (NASDAQ: AXON) is -11.59% lower on its value in year-to-date trading and has touched a low of $265.32 and a high of $715.99 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 $572.40 in the last trading session, with the day’s loss setting it -46.96%.
Currently trading at $525.44, the stock is -15.77% and -14.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.45 million and changing -8.20% at the moment leaves the stock 16.90% off its SMA200. AXON registered 93.47% gain for a year compared to 6-month gain of 45.76%.
The stock witnessed a -17.58% loss in the last 1 month and extending the period to 3 months gives it a -17.51%, and is -3.02% 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 7.39% over the week and 5.32% over the month.
Axon Enterprise Inc (AXON) has around 3330 employees, a market worth around $40.07B and $2.08B in sales. Current P/E ratio is 109.89 and Fwd P/E is 70.46. Profit margin for the company is 18.05%. Distance from 52-week low is 98.04% and -26.61% from its 52-week high. The company has generated returns on investments over the last 12 months (12.34%).
with sales reaching $585.67M over the same period.The EPS is expected to grow by 2.65% this year, but quarterly earnings will post 25.27% year-over-year. Quarterly sales are estimated to grow 27.12% in year-over-year returns.
The shares outstanding are 76.25M, and float is at 72.49M with Short Float at 3.26%.
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 4.0287 and valued at over $895.12 million, while SANDS CAPITAL MANAGEMENT, LLC holds 3.3898 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 Kalinowski Caitlin Elizabeth, the company’s Director. SEC filings show that Kalinowski Caitlin Elizabeth sold 450 shares of the company’s common stock on Jan 02 ’25 at a price of $604.07 per share for a total of $0.27 million. Following the sale, the insider now owns 6929.0 shares.
Still, SEC filings show that on Dec 23 ’24, Kunins Jeffrey C (CPO & CTO) disposed off 1,035 shares at an average price of $624.47 for $0.65 million. The insider now directly holds 124,243 shares of Axon Enterprise Inc (AXON).
