As of Friday close, Axon Enterprise Inc.’s (NASDAQ:AXON) stock was up $4.71, moving up 2.41 percent to $200.10. The average number of shares traded per day over the past five days has been 655,340 shares. 1 time new highs have been achieved over the past 5 days, with a -$11.13 fall in that time frame. In the last twenty days, the average volume was 870,465, while in the previous 50 days, it was 774,120.
Since last month, AXON stock rose 8.73%. Shares of the company fell to $175.37 on 08/03/23, the lowest level in the past month. A 52-week high of $229.95 was reached on 05/03/23 after having rallying from a 52-week low of $109.31. Since the beginning of this year, AXON’s stock price has risen by 20.59% or $34.17, and marked a new high 19 times. However, the stock has declined by -12.98% since its 52-week high.
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AXON stock investors should be aware that Axon Enterprise Inc. (AXON) stock had its last reported insider trading activity 47 days ago on Jul 03. Isner Joshua, the PRESIDENT of the company, disposed of 26,883 shares for $193.10 on Jul 03. It resulted in a $5,191,179 divestment by the insider. Kunins Jeffrey C sold 22,900 shares at an average price of $193.12 on Jul 03. The insider now owns 241,076 shares following the transaction. On Jun 23, Director Partovi Hadi bought 25,000 shares at $191.10 apiece. The transaction was valued at $4,777,388.
Valuation Metrics
Right now, Axon Enterprise Inc. (AXON) has a P/E ratio of about 149.11. The stock’s beta is 0.86. Besides these, the trailing price-to-sales (P/S) ratio of 10.46, the price-to-book (PB) ratio of 10.28, and the price-to-cash flow ratio of 129.41 may also be considered.
Financial Health
In the recent quarter, Axon Enterprise Inc.’s quick ratio stood at 3.00, while its current ratio was 3.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.47, and the total debt-to-equity ratio was 0.47. On the profitability front, the trailing twelve-month gross margin is 61.20% percent. In the recent year, operating margins totaled 8.20%. Based on annual data, AXON earned $728.64 million in gross profit and brought in $1.19 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.30%. Return on equity (ROE) for the past 12 months was 7.40%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AXON’s revenue rose 23.66% to $343.04 million during the quarter, while net income inched up to $374.12 million. During the quarter, the company generated $44.37 million in EBITDA. The liabilities of Axon Enterprise Inc. were 1.63 billion at the end of its most recent quarter, and its total debt was $716.86 million. The value of shareholders’ equity is $74.76 million.
Technical Picture
This quick technical analysis looks at Axon Enterprise Inc.’s (AXON) price momentum. With a historical volatility rate of 74.64%, the RSI 9-day stood at 57.42% on 18 August.
With respect to its five-day moving average, the current Axon Enterprise Inc. price is down by -5.27% percent or -$11.13. At present, AXON shares trade +11.19% above its 20-day simple moving average and -8.46% percent below its 100-day simple moving average. However, the stock is currently trading approximately +1.12% above its SMA50 and +37.58% above its SMA200.
Stochastic coefficient K was 64.04% and Stochastic coefficient D was 69.25%, while ATR was 7.01. Given the Stochastic reading of 67.72% for the 14-day period, the RSI (14) reading has been calculated as 56.38%. As of today, the MACD Oscillator reading stands at -0.96, while the 14-day reading stands at 6.15.
