What is Axon Enterprise Inc. (AXON) Stock Return on Shareholders’ Capital?

Axon Enterprise Inc. (NASDAQ: AXON) stock fell -2.95% on Tuesday to $195.80 against a previous-day closing price of $201.75. With 0.78 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.16 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $204.23 whereas the lowest price it dropped to was $193.93. The 52-week range on AXON shows that it touched its highest point at $229.95 and its lowest point at $83.01 during that stretch. It currently has a 1-year price target of $247.79. Beta for the stock currently stands at 0.92.

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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 down-trending over the past week, with a drop of -2.69%, but this was down by -12.78% over a month. Three-month performance surged to 1.14% while six-month performance rose 5.71%. The stock gained 96.98% in the past year, while it has gained 18.00% so far this year. A look at the trailing 12-month EPS for AXON yields 1.88 with Next year EPS estimates of 3.74. For the next quarter, that number is 0.63. This implies an EPS growth rate of 323.70% for this year and 19.13% for next year. EPS is expected to grow by 34.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 52.60%.

Float and Shares Shorts:

At present, 72.64 million AXON shares are outstanding with a float of 67.42 million shares on hand for trading. On Apr 27, 2023, short shares totaled 1.79 million, which was 2.42% higher than short shares on Mar 30, 2023. In addition to Mr. Patrick W. Smith as the firm’s Founder, CEO & Director, Ms. Brittany Bagley serves as its Chief Financial Officer & Chief Bus. Officer.

Institutional Ownership:

Through their ownership of 77.40% of AXON’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 7.45% of AXON, in contrast to 49.78% held by mutual funds. Shares owned by individuals account for 30.85%. As the largest shareholder in AXON with 9.28% of the stake, BlackRock Fund Advisors holds 6,764,648 shares worth 6,764,648. A second-largest stockholder of AXON, The Vanguard Group, Inc., holds 6,225,216 shares, controlling over 8.54% of the firm’s shares. Capital Research & Management Co is the third largest shareholder in AXON, holding 5,235,215 shares or 7.19% stake. With a 3.52% stake in AXON, the American Funds Growth Fund of Ame is the largest stakeholder. A total of 2,562,563 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.72% of AXON stock, is the second-largest Mutual Fund holder. It holds 1,983,133 shares valued at 417.87 million. Vanguard Small Cap Index Fund holds 2.30% of the stake in AXON, owning 1,676,032 shares worth 353.16 million.

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 Mar 30, 2023, AXON reported revenue of $285.61M and operating income of $21.41M. The EBITDA in the recently reported quarter was $27.62M and diluted EPS was $0.71.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AXON since 0 analysts follow the stock currently. 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 $309.00 and a low target of $223.00, the average target price over the next 12 months is $246.73. Based on these targets, AXON could surge 57.81% to reach the target high and rise by 13.89% to reach the target low. Reaching the average price target will result in a growth of 26.01% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded AXON stock several times over the past three months with 11 Buys and 35 Sells. In these transactions, 623,836 shares were bought while 338,284 shares were sold. The number of buy transactions has increased to 27 while that of sell transactions has risen to 120 over the past year. The total number of shares bought during that period was 2,332,365 while 1,012,624 shares were sold.

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