Axon Enterprise Inc (NASDAQ: AXON) stock enjoyed a major increase of 18.4% on 8/7/24. The shares closed at $349.24. Moreover, exceptionally high trading volume at 610% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 14.6% during the last week.
Current PriceTarget Research Rating
AXON’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Axon Enterprise has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Axon Enterprise has a poor Appreciation Score of 17 but a good Power Rating of 82, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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