Axon Enterprise, Inc. (AXON) – Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Axon Enterprise, Inc. (AXON), headquartered in Scottsdale, Arizona, is a prominent player in the Aerospace & Defense sector, specifically within the Industrials industry. Known for its development, manufacturing, and sale of conducted energy devices (CEDs) under the well-recognized TASER brand, Axon provides an array of hardware and cloud-based software solutions tailored for law enforcement agencies. Its product portfolio includes innovations like the TASER 10 and TASER 7, as well as Axon camera systems, significantly enhancing evidence management and safety in fields such as healthcare and private security. Originally established as TASER International, Inc., the company rebranded in April 2017, emerging as a compelling investment opportunity in advanced technology solutions for public safety.
Financial Performance and Market Sentiment
As of the latest reports, Axon Enterprise demonstrated robust financial performance, with total revenue soaring to approximately $1.81 billion. With 75,574,304 shares outstanding and a current stock price of $393.29—just shy of its 52-week high of $393.58—investors maintain a generally optimistic outlook. Notably, the target high price set at $430.00 suggests a potential upside for investors, with analysts issuing a “buy” recommendation based on a mean score of 1.7, derived from 13 expert opinions.
However, some caution is evident in the short interest data: 2,106,162 shares have been sold short, comprising around 3.8% of the float, indicating some investor skepticism despite the overall bullish consensus. Coupled with the fifty-day moving average of $346.60, the current trading price signals strong market confidence and momentum, reinforcing the asset’s potential for significant growth.
Price Outlook and Volatility
The analysis highlights a wide range of expected valuations for Axon Enterprise, with a target mean price of $375.81 and a median of $385.00, showcasing a generally favorable outlook among analysts. The dramatic fluctuation over the past year—marked by a 52-week low of $189.12—illustrates the stock’s inherent volatility, presenting both risk and reward for investors. As Axon continues to innovate and expand its market presence, the combination of rising revenue and strong analyst recommendations positions the company as an appealing prospect in the current financial landscape.
This concise report encapsulates the key aspects of Axon Enterprise’s performance and market sentiment, offering investors timely insights to inform their decisions.
| Metric | Value |
|---|---|
| Market Cap | $29.7b |
| Total Debt | $731.9m |
| Total Cash | $1.1b |
| Shares Outstanding | 75.6m |
| Float Shares | 71.8m |
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