With 2.51 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.84 million shares. The 52-week range on AXON shows that it touched its highest point at $715.99 and its lowest point at $260.27 during that stretch. It currently has a 1-year price target of $650.77. Beta for the stock currently stands at 1.08.
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 down-trending over the past week, with a drop of -18.53%, but this was down by -10.53% over a month. Three-month performance dropped to -9.60% while six-month performance rose 45.23%. The stock gained 100.82% in the past year, while it has lost -8.84% so far this year. A look at the trailing 12-month EPS for AXON yields 3.86 with Next year EPS estimates of 6.30. For the next quarter, that number is 1.40. This implies an EPS growth rate of 24.30% for this year and 22.38% for next year. EPS is expected to grow by 23.49% 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 72.48 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $5.48688 being high and $4.93235 being low. For AXON, this leads to a yearly average estimate of $5.14638. Based on analyst estimates, the high estimate for the next quarter is $1.45 and the low estimate is $1.11. The average estimate for the next quarter is thus $1.31.
