Is Axon Enterprise Inc (NASDAQ: AXON) Stock Poised for More Growth?

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In the last trading session, 0.41 million Axon Enterprise Inc (NASDAQ:AXON) shares changed hands as the company’s beta touched 0.91. With the company’s per share price at $285.63 changed hands at $5.64 or 2.01% during last session, the market valuation stood at $21.56B. AXON’s last price was a discount, traded about -15.49% off its 52-week high of $329.87. The share price had its 52-week low at $175.37, which suggests the last value was 38.6% up since then. When we look at Axon Enterprise Inc’s average trading volume, we note the 3-month average coming to 582.88K.

Axon Enterprise Inc (NASDAQ:AXON) trade information

Instantly AXON was in green as seen at the end of in last trading. With action -1.09%, the performance over the past five days has been red. The jump to weekly highs of 292.89 added 2.01% to the stock’s daily price. The company’s shares are showing year-to-date upside of 10.57%, with the 5-day performance at -1.09% in the red. However, in the 30-day time frame, Axon Enterprise Inc (NASDAQ:AXON) is -6.73% down.

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Axon Enterprise Inc (AXON) estimates and forecasts

Data shows that the Axon Enterprise Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 25.90% over the past 6 months, a 13.04% in annual growth rate that is considerably lower than the industry average of 22.90%. Year-over-year growth is forecast to reach 26.50% up from the last financial year.

Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 478.81M. 10 analysts are of the opinion that Axon Enterprise Inc’s revenue for the current quarter will be 509.18M. The company’s revenue for the corresponding quarters a year ago was 374.61M and 413.6M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 27.80%. The estimates for the next quarter sales put growth at 23.10%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 35.57%. The 2024 estimates are for Axon Enterprise Inc earnings to increase by 9.10%, but the outlook for the next 5-year period is at 18.20% per year.

AXON Dividends

Axon Enterprise Inc is expected to release its next quarterly earnings report in June.