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Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?

Axon Enterprise (AXON) Stock Price, News & Analysis

$308.45
+0.80 (+0.26%)
(As of 03/18/2024 ET)
Today's Range
$307.13
$312.00
50-Day Range
$249.02
$319.88
52-Week Range
$175.37
$325.63
Volume
455,893 shs
Average Volume
492,662 shs
Market Capitalization
$23.23 billion
P/E Ratio
134.11
Dividend Yield
N/A
Price Target
$301.73

Axon Enterprise MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.91 Rating Score
Upside/​Downside
2.2% Downside
$301.73 Price Target
Short Interest
Bearish
2.47% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.86mentions of Axon Enterprise in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$8.91 M Sold Last Quarter
Proj. Earnings Growth
34.57%
From $2.43 to $3.27 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.00 out of 5 stars

Industrial Products Sector

99th out of 176 stocks

Ordnance & Accessories, Except Vehicles & Guided Missiles Industry

2nd out of 6 stocks

AXON stock logo

About Axon Enterprise Stock (NASDAQ:AXON)

Axon Enterprise, Inc. is a leading provider of law enforcement technology solutions that enable using less-lethal weapons, body cameras, and cloud-based software. The company's mission is to protect life by providing innovative solutions that increase transparency and accountability in law enforcement. Axon's products and services include body-worn cameras, digital evidence management software, less-lethal weapons, and crime scene investigation tools.

Axon's primary target market is law enforcement agencies in the United States and abroad. The company's key customers include police departments, sheriff's offices, and federal law enforcement agencies. Axon is headquartered in Scottsdale, Arizona, with additional offices in Seattle, Washington, and London, UK. The company was founded in 1993 as TASER International Inc. and rebranded as Axon in 2017. Axon has also been recognized for its corporate social responsibility efforts, including its commitment to reducing the environmental impact of its products and operations.

Axon's management team is led by Chief Executive Officer and founder Patrick (Rick) Smith, who has been with the company since its inception. Before founding Axon, Smith worked as a software engineer at Honeywell and Intel. He has a bachelor's degree in electrical engineering from Harvard University and a master's from Stanford University.

Axon has experienced strong revenue growth over the past few years, driven by law enforcement agencies' adoption of body cameras and digital evidence management software. The company has been reporting increasing revenue each year for the past several years, and in 2022 it reached a milestone reaching meaningful profitability numbers for the first time. Axon's profit margins have also improved over the past few years, with the company reporting a gross margin averaging around 60%. Axon has a relatively low debt and more than enough assets to cover the company's debts. 

Axon's valuation metrics are relatively high compared to its industry peers, reflecting its strong growth prospects and leadership position in the law enforcement technology market. Axon's price-to-earnings ratio and price-to-book ratio are much higher than industry peers. Axon's stock price has experienced significant volatility over the past few years, driven by various factors, including regulatory changes, news events, and earnings reports. 

Axon Enterprise operates in the law enforcement technology industry, providing products and services to improve public safety. The company primarily focuses on producing and selling conducted electrical weapons (CEWs), body-worn cameras, and software solutions designed to streamline the law enforcement process.

The market for law enforcement technology is highly competitive, with major players such as Motorola Solutions, Inc. and Digital Ally Inc. competing for market share. The industry is also highly regulated, with stringent quality control and safety standards in place. Any missteps or quality issues could damage the company's reputation and lead to regulatory action.

One of Axon's key advantages in the market is its strong brand recognition and reputation for quality. The company's body-worn cameras are considered the best in the industry, and its software solutions are highly regarded. In addition, the company has built a loyal customer base over the years, with a significant percentage of its revenue coming from repeat business.

The law enforcement technology industry is facing significant headwinds. The ongoing debate around police reform and the use of force by law enforcement officers has led to increased scrutiny of companies like Axon, and there is a risk that sales could decline as a result. In addition, the industry is facing pressure from lower-cost competitors, and there is a risk that Axon's pricing strategy could become less effective in the face of increasing competition.

AXON Stock Price History

AXON Stock News Headlines

AXON Apr 2024 195.000 call
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Report: Drama escalates over Axon HQ plan
AXON Mar 2024 115.000 call
AXON Sep 2024 380.000 call
AXON Apr 2024 210.000 put
AXON Apr 2024 290.000 put
AXON Jan 2026 270.000 call
Why Axon Enterprise Charged Higher This Week
Why Axon Enterprise Charged Higher This Week
See More Headlines
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Company Calendar

Last Earnings
11/15/2021
Today
3/18/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Ordnance & accessories, except vehicles & guided missiles
Sub-Industry
Systems Software
Current Symbol
NASDAQ:AXON
Employees
4,260
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$301.73
High Stock Price Target
$380.00
Low Stock Price Target
$233.00
Potential Upside/Downside
-2.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.91
Research Coverage
11 Analysts

Profitability

Net Income
$174.23 million
Pretax Margin
9.91%

Debt

Sales & Book Value

Annual Sales
$1.56 billion
Cash Flow
$3.13 per share
Book Value
$21.51 per share

Miscellaneous

Free Float
70,710,000
Market Cap
$23.23 billion
Optionable
Optionable
Beta
0.93
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Should I Buy Axon Enterprise Stock? AXON Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Axon Enterprise was last updated on Sunday, March 17, 2024 at 11:52 PM.

Pros

Here are some ways that investors could benefit from investing in Axon Enterprise, Inc.:

  • Axon Enterprise is set to release its quarterly earnings data, with analysts expecting earnings of $0.86 per share for the quarter. This can provide insights into the company's financial performance.
  • The company has a market cap of $20.22 billion, indicating its size and presence in the market.
  • Axon Enterprise has shown a consistent growth trend, with a 52-week high of $274.78, suggesting potential for capital appreciation.
  • The firm's quick ratio of 2.78 and current ratio of 3.15 indicate strong liquidity positions, which can be reassuring for investors.
  • Recent insider transactions, such as President Joshua Isner selling shares, can provide signals about the company's prospects and management's confidence.

Cons

Investors should be bearish about investing in Axon Enterprise, Inc. for these reasons:

  • Axon Enterprise's price-to-earnings ratio of 138.36 may indicate the stock is currently overvalued compared to industry peers.
  • The company's beta of 0.90 suggests that the stock may be less volatile than the market average, potentially limiting short-term trading opportunities.
  • President Joshua Isner's significant selling of company shares could raise concerns about insider sentiment or future performance expectations.
  • While the company has shown growth, the 52-week low of $175.37 highlights potential downside risks in volatile market conditions.
  • High institutional ownership at 76.52% may limit individual investor influence on company decisions and governance.

AXON Stock Analysis - Frequently Asked Questions

Should I buy or sell Axon Enterprise stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Axon Enterprise in the last twelve months. There are currently 1 hold rating and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AXON shares.
View AXON analyst ratings
or view top-rated stocks.

What is Axon Enterprise's stock price target for 2024?

11 equities research analysts have issued 12-month price objectives for Axon Enterprise's shares. Their AXON share price targets range from $233.00 to $380.00. On average, they predict the company's share price to reach $301.73 in the next twelve months. This suggests that the stock has a possible downside of 2.2%.
View analysts price targets for AXON
or view top-rated stocks among Wall Street analysts.

How have AXON shares performed in 2024?

Axon Enterprise's stock was trading at $258.33 on January 1st, 2024. Since then, AXON shares have increased by 19.4% and is now trading at $308.45.
View the best growth stocks for 2024 here
.

When is Axon Enterprise's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our AXON earnings forecast
.

How were Axon Enterprise's earnings last quarter?

Axon Enterprise, Inc. (NASDAQ:AXON) issued its quarterly earnings results on Monday, November, 15th. The biotechnology company reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.91. The biotechnology company earned $231.99 million during the quarter, compared to the consensus estimate of $201.11 million. Axon Enterprise had a trailing twelve-month return on equity of 14.11% and a net margin of 11.14%. The company's revenue was up 39.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.01) EPS.

What guidance has Axon Enterprise issued on next quarter's earnings?

Axon Enterprise issued an update on its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.9 billion-$1.9 billion, compared to the consensus revenue estimate of $1.9 billion.

What other stocks do shareholders of Axon Enterprise own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Axon Enterprise investors own include Novavax (NVAX), NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA), Micron Technology (MU), TherapeuticsMD (TXMD), ACADIA Pharmaceuticals (ACAD), bluebird bio (BLUE) and Arena Pharmaceuticals (ARNA).

When did Axon Enterprise IPO?

(AXON) raised $251 million in an initial public offering (IPO) on Thursday, June 11th 2015. The company issued 17,900,000 shares at a price of $13.00-$15.00 per share. Jefferies, Evercore ISI and RBC Capital Markets acted as the underwriters for the IPO and JMP Securities and Baird were co-managers.

Who are Axon Enterprise's major shareholders?

Axon Enterprise's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.58%), Vanguard Group Inc. (10.53%), Sands Capital Management LLC (3.51%), Capital International Investors (3.32%), Wellington Management Group LLP (2.39%) and Norges Bank (1.01%). Insiders that own company stock include Adriane M Brown, Brittany Bagley, Caitlin Elizabeth Kalinowski, Hadi Partovi, Jawad A Ahsan, Jeffrey C Kunins, Joshua Isner, Julie A Cullivan, Luke Larson, Mark W Kroll, Matthew R Mcbrady, Michael Garnreiter and Patrick W Smith.
View institutional ownership trends
.

How do I buy shares of Axon Enterprise?

Shares of AXON stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:AXON) was last updated on 3/19/2024 by MarketBeat.com Staff

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