Axon Enterprise Inc (NASDAQ: AXON) has reported E.P.S. of $0.89 for its third fiscal quarter (ending September 30) versus $0.79 for the same period a year ago — an increase of 13%. E.P.S. were $3.96 for the latest four quarters through September 30 versus $1.99 for the same period a year ago — an increase of 99%.
Recent Price Action
Axon Enterprise Inc (NASDAQ: AXON) stock closed at $468.75 on 11/7/24 after a large increase of 2.0%. Moreover, unusually high trading volume at 157% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 6.8% 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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Axon Enterprise has a very low Appreciation Score of 14 but a very high Power Rating of 96, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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