With 0.82 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.68 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $689.39 whereas the lowest price it dropped to was $667.09. The 52-week range on AXON shows that it touched its highest point at $675.47 and its lowest point at $229.02 during that stretch. It currently has a 1-year price target of $591.54. Beta for the stock currently stands at 1.02.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AXON was up-trending over the past week, with a rise of 8.74%, but this was up by 59.28% over a month. Three-month performance surged to 93.71% while six-month performance rose 143.64%. The stock gained 190.92% in the past year, while it has gained 166.09% so far this year. A look at the trailing 12-month EPS for AXON yields 3.86 with Next year EPS estimates of 6.27. For the next quarter, that number is 1.40. This implies an EPS growth rate of 23.51% for this year and 22.70% for next year. EPS is expected to grow by 24.64% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 35.57%.
Float and Shares Shorts:
At present, 76.08 million AXON shares are outstanding with a float of 72.39 million shares on hand for trading. On 2024-11-15, short shares totaled 2.58 million, which was 338.00002000000006 higher than short shares on 1728950400. In addition to Mr. Patrick W. Smith as the firm’s Founder, CEO & Director, Mr. Joshua M. Isner serves as its President.
Institutional Ownership:
Through their ownership of 0.81014 of AXON’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, AXON reported revenue of $544274000.0 and operating income of $24081000.0. The EBITDA in the recently reported quarter was $43170000.0 and diluted EPS was $0.86.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AXON since 7 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AXON analysts setting a high price target of 750.0 and a low target of 385.0, the average target price over the next 12 months is 578.8461. Based on these targets, AXON could surge 9.11% to reach the target high and fall by -43.99% to reach the target low. Reaching the average price target will result in a decline of -15.79% from current levels.
Analysts have provided yearly estimates in a range of $5.45164 being high and $4.90068 being low. For AXON, this leads to a yearly average estimate of $5.11333. The surprise factor in the prior quarter was $0.98. Based on analyst estimates, the high estimate for the next quarter is $1.4 and the low estimate is $1.11. The average estimate for the next quarter is thus $1.29.
