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?
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%.
Should you buy axon stock?
Long story short, the case of Axon is one of "great company, overpriced stock" -- and I wouldn't buy it. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service.
Are axon's advantages priced into its valuation?
However, the analyst also believes that Axon's advantages are priced into the stock at its current valuation of 12 times trailing sales and 11 times the analyst's best guess at 2021 sales. And that's being kind.
What are Wall Street analysts' target prices for Axon Enterprise's stock?
6 Wall Street analysts have issued twelve-month target prices for Axon Enterprise's stock. Their forecasts range from $170.00 to $250.00. On average, they anticipate Axon Enterprise's share price to reach $204.50 in the next year.
Does AXON pay a dividend?
AXON does not currently pay a dividend.
When did AXON go public?
What was the date of Axon's Initial Public Offering? On January 26, 2021 Axon Enterprise announced that its ticker symbol on the Nasdaq Stock Market began trading under the symbol AXON, previously traded under AAXN.
Is AXON stock a good buy?
Out of 7 analysts, 3 (42.86%) are recommending AXON as a Strong Buy, 4 (57.14%) are recommending AXON as a Buy, 0 (0%) are recommending AXON as a Hold, 0 (0%) are recommending AXON as a Sell, and 0 (0%) are recommending AXON as a Strong Sell. What is AXON's earnings growth forecast for 2022-2024?
Is AXON a buy Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
Is Axon a good company?
Overall, the 210 Axon employees give their leadership a grade of A+, or Top 5% of similar size companies on Comparably. This includes specific ratings of their executive team, CEO, and manager.
Where are Axon products made?
in Scottsdale, produces about 900 weapons, 10,500 cartridges and 750 Axon body cameras a day. The company continues to produce stun guns for consumers, and any consumer who uses a Taser in self-defense and has a police report to prove it will receive a replacement.
What is the company AXON?
Axon Enterprise, Inc. is an American Scottsdale, Arizona-based company which develops technology and weapons products for military, law enforcement and civilians. Axon Enterprise, Inc. TASER International, Inc.
Is Axon Enterprise a buy right now?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Axon Enterprise in the last year. There are currently 1 hold rating, 7 buy...
When is Axon Enterprise's next earnings date?
Axon Enterprise is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022. View our earnings forecast for Axon...
How were Axon Enterprise's earnings last quarter?
Axon Enterprise, Inc. (NASDAQ:AXON) posted its earnings results on Tuesday, May, 10th. The biotechnology company reported $0.45 earnings per share...
What guidance has Axon Enterprise issued on next quarter's earnings?
Axon Enterprise updated its FY 2022 earnings guidance on Monday, May, 23rd. The company provided earnings per share guidance of for the period. The...
What price target have analysts set for AXON?
9 equities research analysts have issued 12 month target prices for Axon Enterprise's stock. Their forecasts range from $120.00 to $232.00. On aver...
Who are Axon Enterprise's key executives?
Axon Enterprise's management team includes the following people: Mr. Patrick W. Smith , Co-Founder, CEO & Director (Age 51, Pay $33.12k) ( Linke...
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...
About Axon Enterprise
Axon Enterprise, Inc. engages in the development, manufacturing, and sale of conducted electrical weapons for personal defense. It operates through the TASER Weapons and Software and Sensors segments. The TASER Weapons segment sells conducted electrical weapons, accessories, and other related products and services.
Axon Enterprise (NASDAQ:AXON) Frequently Asked Questions
9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Axon Enterprise in the last twelve months. There are currently 8 buy ratings and 1 strong buy rating for the stock.
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.
A JMP downgrade bites deep at Axon
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), maker of stun guns and body cameras for police, are diving in early trading Wednesday, down 5.7% as of 10:20 a.m. EST.
So what
This morning, analysts at the San Francisco investment bank cut their rating on Axon stock from outperform to market perform, as reported by TheFly.com.
What happened
Shares of body camera and Taser company Axon Enterprise (NASDAQ: AAXN) fell as much as 18% in trading Friday after the company reported second-quarter 2019 results. At 3 p.m. EDT, shares were still down 12.4% on the day.
So what
Revenue for the quarter was up 13.2% to $112.4 million, and net income fell from $8.5 million a year ago to $738,000, or $0.01 per share. The problem is, analysts were expecting $115 million of revenue and earnings of $0.16 per share, so you can see why the initial reaction was disappointment.
Now what
There are going to be hiccups with new products, and the ramp-up of Taser 7 isn't going as smoothly as investors might like. But the underlying demand is still strong, and with the Axon Body 3 camera and Axon Records on the horizon, there's no reason to think the steady growth will stop.
What Happened to the Axon Stock Price Today?
Shares of law enforcement technology solutions provider Axon (NASDAQ: AXON) popped after the company reported blockbuster first-quarter numbers that breezed past expectations, and included above-consensus 2021 and 2022 guides. AXON stock was up more than 5% on the news.
Does It Matter?
In the big picture, Axon is modernizing the antiquated and necessary law enforcement industry with a portfolio of advanced technologies, ranging from hardware to software solutions.
What happened
Shares of bodycam and Taser maker Axon Enterprise (NASDAQ: AXON) jumped out of the gate Tuesday morning and are up 4.9% as of 11 a.m. ET.
So what
This morning, JMP resumed coverage of Axon stock, rating the stock as outperform and assigning it a $195 price target that implies it could go up another 33.6% even after today's rally.
Now what
How much should you be willing to pay for a growth stock like Axon? With no profit last year -- and nothing earned through the first three quarters of 2021, either -- it's difficult to assign the company a valuation based on "earnings" right now.
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