It was, quite simply, overpriced and liable to fall at the slightest catalyst for selling. Accordingly, when investors got spooked by the latest coronavirus news and began selling everything today, Axon stock got caught up in the whirlwind, and its stock fell alongside -- indeed, more than -- every other stock.
Full Answer
What happened to Axon Enterprise stock?
Apr 03, 2022 · Only 2.30% of the stock of Axon Enterprise is held by insiders. Percentage Held by Institutions. 75.47% of the stock of Axon Enterprise is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next
How much is a share of axon worth?
Apr 08, 2022 · bizjournals.com - April 7 at 9:10 PM. Axon acquires virtual reality studio that makes training modules for corporate clients. finance.yahoo.com - April 7 at 9:10 PM. Axon Enterprise, Inc. (NASDAQ:AXON) Receives Consensus Recommendation of "Buy" from Brokerages. americanbankingnews.com - April 6 at 4:30 AM.
Why did axon stock fall after it issued a secondary offering?
Jan 15, 2022 · Shares of Axon Enterprise ( AXON 0.99% ) tumbled 4.5% on Friday to close out trading after having rallied earlier in the week on new contract win news. While there was no specific news today that ...
Should you buy axon stock as hot as it gets?
Feb 16, 2021 · Shares of law enforcement technology company Axon Enterprise ( AXON 0.99% ) fell 10% on Tuesday, and surprisingly, there isn't a good explanation for the drop. There weren't any new press releases,...
Is Axon stock a good buy?
Axon Enterprise has received a consensus rating of Buy. The company's average rating score is 3.13, and is based on 7 buy ratings, no hold ratings, and no sell ratings.
Will Axon stock go up?
Axon Enterprise Inc (NASDAQ:AXON) The 10 analysts offering 12-month price forecasts for Axon Enterprise Inc have a median target of 193.50, with a high estimate of 223.00 and a low estimate of 170.00. The median estimate represents a +52.06% increase from the last price of 127.25.
Is Axon publicly traded?
Axon Enterprise, Inc's ticker symbol is AXON. Axon Enterprise, Inc's common stock is traded on the NASDAQ Global Market.
How do I buy stock in axon?
Find the stock by name or ticker symbol – AXON – and research it before deciding if it's a good investment for you. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price. Check in on your investment.
Is Axon undervalued?
PB vs Industry: AXON is overvalued based on its PB Ratio (8.9x) compared to the US Aerospace & Defense industry average (2.9x).
How high will axons go?
Stock Price Forecast The 10 analysts offering 12-month price forecasts for Axon Enterprise Inc have a median target of 193.50, with a high estimate of 223.00 and a low estimate of 170.00. The median estimate represents a +51.40% increase from the last price of 127.81.
What sector is axon in?
Key DataLabelValueSectorConsumer Non-DurablesIndustryMilitary/Government/Technical1 Year Target$220.00Today's High/Low$133.01/$127.8113 more rows
When did taser become Axon?
April 5, 2017On April 5, 2017, TASER announced that it had rebranded as Axon to reflect its expanded business. The company also announced an intent to offer free one-year trials of its body camera products and Evidence.com services to U.S. law enforcement agencies.
Is axon a good long term investment?
As the clear industry leader in law enforcement, Axon is a great stock to own long-term, and I think it will continue to outperform the market long-term. This is a growth stock that's still in the early innings of its growth story.Aug 27, 2021
What are axons made of?
An axon is a thin fiber that extends from a neuron, or nerve cell, and is responsible for transmitting electrical signals to help with sensory perception and movement. Each axon is surrounded by a myelin sheath, a fatty layer that insulates the axon and helps it transmit signals over long distances.Jul 29, 2021
Is Axon Enterprise a buy right now?
8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Axon Enterprise in the last year. There are currently 7...
When is Axon Enterprise's next earnings date?
Axon Enterprise is scheduled to release its next quarterly earnings announcement on Thursday, May 5th 2022. View our earnings forecast for Axon En...
How were Axon Enterprise's earnings last quarter?
Axon Enterprise, Inc. (NASDAQ:AXON) released its quarterly earnings data on Wednesday, February, 23rd. The biotechnology company reported $0.46 ear...
What guidance has Axon Enterprise issued on next quarter's earnings?
Axon Enterprise issued an update on its FY 2022 earnings guidance on Thursday, March, 10th. The company provided EPS guidance of for the period. Th...
What price target have analysts set for AXON?
8 Wall Street analysts have issued 1-year price objectives for Axon Enterprise's shares. Their forecasts range from $170.00 to $232.00. On average,...
Who are Axon Enterprise's key executives?
Axon Enterprise's management team includes the following people: Patrick W. Smith , Chief Executive Officer & Director ( LinkedIn Profile ) Luke...
Who are some of Axon Enterprise's key competitors?
Some companies that are related to Axon Enterprise include Microsoft (MSFT) , Oracle (ORCL) , ServiceNow (NOW) , VMware (VMW) , Fortinet (FTNT...
What other stocks do shareholders of Axon Enterprise own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Axon Enterprise investors own include Novavax (NVAX) , NV...
When did Axon Enterprise IPO?
(AXON) raised $251 million in an initial public offering (IPO) on Thursday, June 11th 2015. The company issued 17,900,000 shares at $13.00-$15.00 p...
Stocks can rise and fall without good explanation or fair warning
After spending more than a decade travelling the world exploring different cultures and languages, I'm happy to now be contributing to the Motley Fool's mission to make the world smarter, happier, and richer. What's great about exploring business and the economy is the insight it gives you into how things are in the world.
What happened
Shares of law enforcement technology company Axon Enterprise ( NASDAQ:AXON) fell 10% on Tuesday, and surprisingly, there isn't a good explanation for the drop. There weren't any new press releases, filings, or comments from analysts. This commentary doesn't feel satisfying; we feel like there always has to be something behind a big move like this.
So what
Unlike many other investments, the market is volatile. For example, it would be crazy to see home values fall 10% in a day. But stocks can, and frequently do, fall unexpectedly. Some say this is the risk that comes with investing in stocks. But I beg to differ. Axon's drop today merely illustrates the volatility that comes with stocks.
Now what
Risk is different from volatility. To me, risk is the chance a stock falls and stays below my cost basis for years. For a stock like Axon to stay down that long, its business would need to start struggling. But this company isn't showing any signs of being challenged. In the third quarter of 2020, it had growth across the board.
No, the protests haven't gone away. But they've been replaced by a new story
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Shares of Axon Enterprise ( NASDAQ:AXON), the maker of Taser stunguns and also Axon police body cameras, saw its stock devastated in Thursday's sell-off. By the time trading was done, Axon shares ended down 12.8%.
So what
The past three weeks have seen a remarkable surge in investor interest in Axon Enterprise stock, which has soared 39% in price, culminating in one last, 3% gasp after investment bank JPMorgan raised its target price on the stock to $120 yesterday.
Now what
Both lines of thinking, by the way, seem logical to me. They hold just as true today as they did yesterday, and for investors bullish on Axon stock, they could still prove correct...with caveats.
The Taser maker is raising capital through a secondary offering
Evan is a Senior Technology Analyst at The Motley Fool. He was previously a Senior Trading Specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.
What happened
Shares of Axon Enterprise ( NASDAQ:AXON) have fallen today, down by 7% as of 2:15 p.m. EDT, after the company announced a secondary offering on Monday. The Taser and body camera specialist is looking to sell 3 million shares to beef up its balance sheet.
So what
Based on yesterday's closing price of approximately $100, issuing that quantity of new shares could raise around $300 million in fresh capital. The deal has not yet priced, so the amount that Axon is ultimately able to raise remains to be seen.
Now what
Generally speaking, it's common for stocks to fall because of secondary offerings due to the dilution to existing shareholders. Total shares outstanding after the offering closes would be a little over 63 million (assuming that underwriters do not exercise their options), which represents dilution of approximately 5%.
What happens when law enforcement agencies have their budgets cut?
After spending more than a decade travelling the world exploring different cultures and languages, I'm happy to now be contributing to the Motley Fool's mission to make the world smarter, happier, and richer. What's great about exploring business and the economy is the insight it gives you into how things are in the world.
What happened
Shares of Axon Enterprise ( NASDAQ:AXON) fell 15.3% in July, according to data provided by S&P Global Market Intelligence. At one point, Axon stock was up 40% for 2020, as people see its product as a way to make law enforcement better.
So what
Axon kicked July off by announcing a new contract with the Baltimore Police Department for Axon Records -- a service designed to make filing reports more efficient. The agency is one of the largest in the country, and already had an existing relationship with Axon.
Now what
No one has a crystal ball, and it's still early in the conversation for police reform. According to a Gallup poll, only 15% of Americans want to abolish the police outright, so this idea is unlikely to gain traction. Therefore, it's reasonable to assume there'll still be a form of law enforcement long term.
AAXN Target Price
AAXN price target in 14 days: 221.143 USD* upside and 178.575 USD* downside. (Highest and lowest possible predicted price in a 14 day period)
Axon Enterprise Inc ( AAXN ) Stock Market info
Recommendations: Buy or sell Axon Enterprise stock? Wall Street Stock Market & Finance report, prediction for the future: You'll find the Axon Enterprise share forecasts, stock quote and buy / sell signals below.
Axon Enterprise Inc ( AAXN ) Stock Price Prediction, Stock Forecast for next months and years
Below you will find the price predictions for 2021, 2022, 2023, 2024, 2025, 2026.
