On 11/8/24, Axon Enterprise Inc (NASDAQ: AXON) stock enjoyed a major increase of 28.7%, closing at $603.18. Moreover, trading volume in this advance was exceptionally high at 661% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 42.4% 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 very low Appreciation Score of 11 but a very high Power Rating of 96, leading to 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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