In yesterday’s Wall Street session, Axon Enterprise Inc (NASDAQ:AXON) shares traded at $285.63, up 2.01% from the previous session.
AXON stock price is now -6.82% away from the 50-day moving average and 12.94% away from the 200-day moving average. The market capitalization of the company currently stands at $21.56B.
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With the price target enhanced from $315 to $400, Needham maintained Buy rating for Axon Enterprise Inc (NASDAQ: AXON). On March 13, 2024, Argus recently initiated its ‘Buy’ rating on the stock quoting a target price of $380, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Kalinowski Caitlin Elizabeth, Director sold 2,000 shares of the company’s stock on May 20 ’24. The stock was sold for $580,387 at an average price of $290.19. Upon completion of the transaction, the Director now directly owns 7,829 shares in the company, valued at $2.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 09 ’24, PRESIDENT Isner Joshua sold 44,000 shares of the business’s stock. A total of $13,638,357 was realized by selling the stock at an average price of $309.96. This leaves the insider owning 275,843 shares of the company worth $78.79 million. A total of 5.32% of the company’s stock is owned by insiders.
During the past 12 months, Axon Enterprise Inc has had a low of $175.37 and a high of $329.87. As of last week, the company has a debt-to-equity ratio of 0.39, a current ratio of 2.91, and a quick ratio of 2.55. According to the stock market information, the enterprise value for the company is $21211967488, which is based on a 83.44 price-to-earnings ratio, a 4.58 price-to-earnings-growth ratio, and a beta of 0.91. The fifty day moving average price for AXON is $306.121 and a two-hundred day moving average price translates $253.3246 for the stock.
The latest earnings results from Axon Enterprise Inc (NASDAQ: AXON) was released for 2024-03-31. According to the Aerospace & Defense Company, earnings per share came in at 1.11, beating analysts’ expectations of 0.62 by 0.49. This compares to $0.61 EPS in the same period last year. The net profit margin was 15.60% and return on equity was 16.29% for AXON. The company reported revenue of $460.74 million for the quarter, compared to $343.04 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 34.31 percent. For the current quarter, analysts expect AXON to generate $478.81M in revenue.
