Needham raised the price target for the Axon Enterprise Inc (NASDAQ:AXON) stock to “a Buy”. The rating was released on April 10, 2024, according to finviz. The research report from Morgan Stanley has initiated the stock to Equal-Weight, with a price target set at $230. The stock was resumed by JP Morgan, who disclosed in a research note on July 05, 2023, to Overweight and set the price objective to $236. In their research brief published May 11, 2023, JP Morgan analysts upgraded the Axon Enterprise Inc stock from Neutral to Overweight with a price target of $236.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated -5.79% within the last five trades and -2.80% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 36.25% in the last 6 months and 19.68% was added to its value over the previous 3 months. AXON stock is trading at a margin of -4.02%, 0.66% and 26.34% 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 -9.11 percent below its 52-week high and 70.97 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 44.56. 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 9.90 percent and the profit margin is 11.14 percent, and the company has reported a gross margin of 61.11 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 $22.62 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 129.97. 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 52.52. 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 14.47 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 14.01, 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, 6.34 percent of Axon Enterprise Inc shares are owned by insiders, and 79.72 percent are held by financial institutions. Isner Joshua, the PRESIDENT at Axon Enterprise Inc (AXON) has sold 35,400 shares of firm on Jan 02 ’24 at a price of $251.68 against the total amount of $8.91 million. In another inside trade, Kunins Jeffrey C, CPO & CTO of Axon Enterprise Inc (NASDAQ:AXON) sold 2,722 shares of the firm on Dec 19 ’23 for a total worth of $0.7 million at a price of $256.95. An inside trade which took place on Dec 19 ’23, PRESIDENT of Axon Enterprise Inc Isner Joshua sold 2,562 shares of firm against total price of $0.66 million at the cost of $257.13 per share.
