Goldman raised the price target for the Axon Enterprise Inc. (NASDAQ:AXON) stock to “a Buy”. The rating was released on March 08, 2023, according to finviz. The research report from Raymond James has downgraded the stock from Strong Buy to Outperform, with a price target set at $223. The stock was initiated by Barclays, who disclosed in a research note on September 15, 2022, to Overweight and set the price objective to $147. In their research brief published May 23, 2022, Morgan Stanley analysts downgraded the Axon Enterprise Inc. stock from Overweight to Equal-Weight with a price target of $120.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Axon Enterprise Inc. (NASDAQ:AXON) dipped -1.78% to close Friday’s market session at $213.12, lower as compared to yesterday’s close. The stock price fluctuated between $210.955 and $216.58 throughout the trading session with the volume trading being 940980 shares, which represented a significant variation when compared to the three months average volume of 746.72K shares. The firm’s stock price fluctuated 0.06% within the last five trades and 7.10% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 77.35% in the last 6 months and 22.82% was added to its value over the previous 3 months. AXON stock is trading at a margin of 2.38%, 9.04% and 45.73% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, AXON deals in the Industrials domain. The stock is trading -5.70 percent below its 52-week high and 158.34 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 77.09. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Axon Enterprise Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 7.80 percent and the profit margin is 12.40 percent, and the company has reported a gross margin of 61.20 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $15.89 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Axon Enterprise Inc. (NASDAQ:AXON) is 104.93. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 56.73. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 13.35 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 11.97, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 1.20 percent of Axon Enterprise Inc. shares are owned by insiders, and 79.20 percent are held by financial institutions. KROLL MARK W, the Director at Axon Enterprise Inc. (AXON) has sold 3,549 shares of firm on Mar 07 at a price of $220.73 against the total amount of $0.78 million. In another inside trade, Kalinowski Caitlin Elizabeth, Director of Axon Enterprise Inc. (NASDAQ:AXON) sold 591 shares of the firm on Mar 03 for a total worth of $0.13 million at a price of $212.52. An inside trade which took place on Feb 02, Director of Axon Enterprise Inc. GARNREITER MICHAEL sold 5,000 shares of firm against total price of $1.0 million at the cost of $200.02 per share.