AXON Stock Summary and Trading Ideas (Axon Enterprise | NASDAQ:AXON)

Axon Enterprise Inc develops, manufactures, and sells conducted energy devices and cloud-based digital evidence management software designed for use by law enforcement, corrections, military forces, private security personnel, and private individuals for personal defense. The company operates in two segments: Taser and software & sensors. Taser develops and sells CEDs used for protecting users and virtual reality training. Software and sensors manufacture fully integrated hardware and cloud-based software solutions such as body cameras, automated license plate reading, and digital evidence management systems. Axon delivers its products worldwide and derives the majority of its revenue from the software & sensors segment and geographically from the United States.

Axon Enterprise trades on the NASDAQ stock market under the symbol AXON.

As of April 24, 2024, AXON stock price climbed to $302.41 with 385,750 million shares trading.

AXON has a beta of 1.49, meaning it tends to be more sensitive to market movements. AXON has a correlation of 0.26 to the broad based SPY ETF.

AXON has a market cap of $22.66 billion. This is considered a Large Cap stock.

Last quarter Axon Enterprise reported $432 million in Revenue and $1.12 earnings per share. This beat revenue expectation by $11 million and exceeded earnings estimates by $.27.

In the last 3 years, AXON stock traded as high as $329.87 and as low as $82.49.

The top ETF exchange traded funds that AXON belongs to (by Net Assets): VTI, VB, VOO, VBK, ITA.

AXON has outperformed the market in the last year with a return of +34.4%, while the SPY ETF gained +24.2%. In the last 3 month period, AXON beat the market returning +18.6%, while SPY returned +4.6%. However, in the most recent 2 weeks AXON has underperformed the stock market by returning -2.8%, while SPY returned -2.7%.

AXON support price is $295.77 and resistance is $307.35 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AXON stock will trade within this expected range on the day.