Axon Enterprise Inc (NASDAQ:AXON) shares, rose in value on Friday, May 09, with the stock price down by -0.33% to the previous day’s close as strong demand from buyers drove the stock to $684.59.
Actively observing the price movement in the last trading, the stock closed the session at $686.83. The PE ratio was 165.71 over 12-month period. Referring to stock’s 52-week performance, its high was $715.99, and the low was $273.52. On the whole, AXON has fluctuated by 22.28% over the past month.
With the market capitalization of Axon Enterprise Inc currently standing at about $53.30 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AXON’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 11.81, with the price of AXON currently trading nearly 14.16% and 21.45% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 71.15, while the 7-day volatility ratio is showing 3.53% which for the 30-day chart, stands at 3.46%. Furthermore, Axon Enterprise Inc (AXON)’s beta value is 1.25, and its average true range (ATR) is 27.68.
A comparison of Axon Enterprise Inc (AXON) with its peers suggests the former has fared considerably weaker in the market. AXON showed an intraday change of -0.33% in last session, and over the past year, it grew by 118.91%%.
Data on historical trading for Axon Enterprise Inc (NASDAQ:AXON) indicates that the trading volumes over the past 3 months, they’ve averaged 842.03K. According to company’s latest data on outstanding shares, there are 77.85 million shares outstanding.
Nearly 5.51% of Axon Enterprise Inc’s shares belong to company insiders and institutional investors own 80.63% of the company’s shares. The stock has risen by 15.19% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AXON stock heading into the next quarter.
