With 1.28 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.96 million shares. The 52-week range on AXON shows that it touched its highest point at $715.99 and its lowest point at $273.52 during that stretch. It currently has a 1-year price target of $679.69. Beta for the stock currently stands at 1.17.
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 -0.39%, but this was down by -22.65% over a month. Three-month performance dropped to -21.42% while six-month performance rose 48.14%. The stock gained 67.06% in the past year, while it has lost -11.43% so far this year. A look at the trailing 12-month EPS for AXON yields 4.78 with Next year EPS estimates of 7.46. For the next quarter, that number is 1.28. This implies an EPS growth rate of 2.65% for this year and 22.30% for next year. EPS is expected to grow by 13.35% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 218.25%.
Float and Shares Shorts:
At present, 76.62 million AXON shares are outstanding with a float of 72.84 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 $5.48449 being high and $4.93021 being low. For AXON, this leads to a yearly average estimate of $5.14414. Based on analyst estimates, the high estimate for the next quarter is $1.53 and the low estimate is $1.3. The average estimate for the next quarter is thus $1.4.
