Axon Enterprise Inc. (NASDAQ:AXON) shares traded 0.98% higher at $184.06 on Wall Street last session.
In accordance with the data, 13 analysts cover Axon Enterprise Inc. (NASDAQ:AXON). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $223.00 and a low of $155.00, we find $195.00. Given the previous closing price of $182.27, this indicates a potential upside of 6.98 percent. AXON stock price is now 4.86% away from the 50-day moving average and 43.14% away from the 200-day moving average. The market capitalization of the company currently stands at $12.82B.
It has been rated a hold by 1 analysts and a buy by 10. Brokers who have rated the stock have averaged $189.82 as their price target over the next twelve months.
With the price target of $147, Barclays recently initiated with Overweight rating for Axon Enterprise Inc. (NASDAQ: AXON). On May 23, 2022, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock keeping its target price maintained at $120, while ‘Credit Suisse’ rates the stock as ‘Outperform’.
In other news, SMITH PATRICK W, CHIEF EXECUTIVE OFFICER sold 1,300 shares of the company’s stock on Jan 19. The stock was sold for $240,578 at an average price of $185.06. Upon completion of the transaction, the CHIEF EXECUTIVE OFFICER now directly owns 2,279,570 shares in the company, valued at $419.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 18, CHIEF EXECUTIVE OFFICER SMITH PATRICK W sold 36,233 shares of the business’s stock. A total of $6,770,118 was realized by selling the stock at an average price of $186.85. This leaves the insider owning 2,278,730 shares of the company worth $419.42 million. Insiders disposed of 40,163 shares of company stock worth roughly $7.39 million over the past 1 year. A total of 1.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AXON stock. A new stake in Axon Enterprise Inc. shares was purchased by CASTLEARK MANAGEMENT LLC during the first quarter worth $14,401,000. AMALGAMATED FINANCIAL CORP. invested $9,261,000 in shares of AXON during the first quarter. In the first quarter, GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in Axon Enterprise Inc. valued at approximately $8,782,000. HRT FINANCIAL LP acquired a new stake in AXON for approximately $7,010,000. BALYASNY ASSET MANAGEMENT LLC purchased a new stake in AXON valued at around $4,581,000 in the second quarter. In total, there are 545 active investors with 79.20% ownership of the company’s stock.
Axon Enterprise Inc. (NASDAQ: AXON) opened at $181.52 on Thursday. During the past 12 months, Axon Enterprise Inc. has had a low of $82.49 and a high of $193.85. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.80, and a quick ratio of 2.40. The fifty day moving average price for AXON is $176.24 and a two-hundred day moving average price translates $128.81 for the stock.
The latest earnings results from Axon Enterprise Inc. (NASDAQ: AXON) was released for Jun, 2022. According to the Aerospace & Defense Company, earnings per share came in at $0.44, beating analysts’ expectations of $0.39 by 0.05. This compares to $0.67 EPS in the same period last year. The net profit margin was 9.70% and return on equity was 9.10% for AXON. The company reported revenue of $311.75 million for the quarter, compared to $231.99 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 34.38 percent. For the current quarter, analysts expect AXON to generate $279.13M in revenue.
Axon Enterprise Inc.(AXON) Company Profile
Axon Enterprise, Inc. develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, TASER, and Software and Sensors. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence. Its products include TASER 7, TASER X26P, TASER X2, TASER Consumer devices, and related cartridges; on-officer body cameras, Axon Fleet in-car systems, and other devices; Axon Evidence digital evidence management software; Axon Signal enabled devices, as well as hardware extended warranties; and Axon docks, cartridges, and batteries. It sells its products through its direct sales force, distribution partners, online store, and third-party resellers. Axon Enterprise, Inc. has a strategic partnership with Fusus, Inc. to expand the capabilities of Axon Respond and the Fusus Real Time Crime Center in the Cloud solution to provide agencies real-time operations situational awareness, including streamlined investigative workflows. The company was formerly known as TASER International, Inc. and changed its name to Axon Enterprise, Inc. in April 2017. Axon Enterprise, Inc. was incorporated in 1993 and is headquartered in Scottsdale, Arizona.