How Worried Should Investors Be About Axon Enterprise Inc (AXON)

Axon Enterprise Inc (NASDAQ:AXON) does about 532.79K shares in volume on a normal day but saw 952844 shares change hands in Tuesday’s trading. The company now has a market cap of 22.37B USD. Its current market price is $296.46, marking a decrease of -1.26% compared to the previous close of $300.23. The 52 week high reached by this stock is $329.87 whilst the lowest price level in 52 weeks is $175.37.

Axon Enterprise Inc (AXON) has a 20-day trading average at $306.93 and the current price is -10.13% off the 52-week high compared with 69.05% distance from its 52-week low. The 50-day simple moving average of the closing price is $309.92 and its 200-day simple moving average is $249.11. If we look at the stock’s price movements over the week, volatility stands at 2.15%, which increases to 2.31% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 39.46 to suggest the stock is neutral.

The consensus objective for the share price is $367.27, suggesting that the stock has a potential upside of 19.28% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 10, 2024 when Needham reiterated the stock to “Buy” and issued a price target of between $315 and $400. Morgan Stanley initiated its price target at $230.

Axon Enterprise Inc (AXON) stock is down -5.20% over the week and -2.26% over the past month. Its price is 14.76% year-to-date and 47.13% over the past year.

To reach the target analysts have set, the stock logically needs to grow 19.28 percent from here.

The company has a return on investment of 10.37% and return on equity of 16.29%. The price to earnings ratio (P/E ratio) amounts to 86.61 while the forward price to earnings ratio is 51.77. The beta has a value of 0.93. Price to book ratio is 12.31 and price to sales ratio is 13.31.