For its second fiscal quarter (ending June 30), Axon Enterprise Inc (NASDAQ: AXON) has reported a 218% increase in E.P.S. from $0.17 a year ago to $0.54 in the current quarter. Relative to the consensus estimate of $0.98, this was a shortfall of $-0.44. For the latest four quarters through June 30, E.P.S. were $3.86 compared to $1.36 a year ago — an increase of 184%.
Recent Price Action
Axon Enterprise Inc (NASDAQ: AXON) stock enjoyed a large increase of 3.1% on 8/6/24. The stock closed at $295.00. Moreover, exceptionally high trading volume at 214% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but has declined -4.5% 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, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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