Axon Enterprise Inc. (NASDAQ:AXON) currently has a daily average trading volume of 1.16M but it saw 816393 shares traded on Thursday. With a market cap of 14.68B USD, stock’s current market price of $193.96 came rising about 0.60 while comparing to the previous closing price of $192.81. In past 52 weeks, the stock remained buoying in the range of price level as high as $229.95 and as low as $83.01. In the recent trading on the day, stock has struck highest price mark of $194.52 while lowest mark touched by it was $189.63.
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Taking a look at 20-day trading activity of Axon Enterprise Inc. (AXON) gives us an average price of $206.98, while its current price level is -15.65% below from 52-week high level whereas it is 133.66% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $215.04 while that of 200 days or SMA-200 reads an average of $174.59. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.43% during that period while stretching the period over a month that increases to 3.86%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 38.53 which implies that the stock is in neutral territory.
Over the week, AXON’s stock price is moving -3.84% down while it is -10.26% when we observe its performance for the past one month. Year-to-date it is 16.89% up and over the past year, the stock is showing an upside performance of 109.55%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.88 beat the consensus estimate of $0.53 for the same. For AXON, analysts are forecasting an EPS-growth rate of 43.40% for current year and estimate for EPS growth in next year is 19.10%. In next quarter, company is expected to be making quarterly sales of $373.23 million as analysts are expecting the sales for current fiscal year at $1.46 billion and seeing the company making $1.74 billion in sales next year. Moreover, analysts are in estimates of $350.53 million for current-quarter revenue.
Currently, Axon Enterprise Inc.’s total number of outstanding shares is 72.64M with 6.07% of that held by the insiders while 77.40% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 2.30% and return on equity (ROE) at 10.80%. It has a price to earnings ratio (P/E ratio) of 103.01 while having a 51.92 of forward P/E ratio. Stock’s beta reads 0.92. Stock has a price to book (P/B) ratio of 10.04 while price to sale or P/S ratio amounts to 11.50. Its return on asset (ROA) is 5.60% on average.
As per SEC documents, American Funds Growth Fund of Ame sought 2,562,563 of company’s common stock of worth $539.96 million as per recent closing price of the stock. American Funds Growth Fund of Ame is not the only institutional holder which restructured its stake in Axon Enterprise Inc., as Vanguard Total Stock Market ETF picked 1,987,226 shares of worth $418.73 million to bring its holdings to a total of 4093.0 shares. In the most recent quarter, Vanguard Small Cap Index Fund came cutting its stake by -0.02% in the company and now holds 1.68 million or 2.30% of the company’s stake having worth of about 353.07 million.
