On 2/28/24, Axon Enterprise Inc (NASDAQ: AXON) stock enjoyed a major increase of 13.8%, closing at $309.22. Moreover, exceptionally high trading volume at 654% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 15.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, AXON 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 98, 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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