Axon Enterprise, Inc.’s Stock Price Plummets to $642.59, Shedding 6.56% in Market Value

Axon Enterprise, Inc. (AXON)

642.59 USD -45.10 (-6.56%) Volume: 1.16M

Axon Enterprise, Inc.’s stock price stands at 642.59 USD, experiencing a drop of -6.56% this trading session with a trading volume of 1.16M. Despite the dip, AXON’s year-to-date performance showcases a robust increase of +148.75%, highlighting its significant growth in the market.

Latest developments on Axon Enterprise, Inc.

Axon Enterprise (AXON) is making headlines today due to its impressive earnings growth and price strength, positioning it as a stock to watch. Two Sigma Advisers LP has a substantial $26.69 million stock holding in the company, while Castleark Management LLC holds $1.11 million worth of shares. Additionally, Weiss Asset Management LP, XTX Topco Ltd, Royal London Asset Management Ltd, and Benjamin Edwards Inc. have all made significant moves in acquiring shares of Axon Enterprise. With analysts predicting a 21% upside potential, investors are keeping a close eye on this tech company. Furthermore, Axon recently received an FCC waiver on contentious surveillance devices, further driving interest in its stock.

Axon Enterprise, Inc. on Smartkarma

Analysts on Smartkarma, like Business Breakdowns, have published research on Axon Enterprise. In their report titled “Axon: Stunning The Competition – [Business Breakdowns, EP.175]”, they highlight how Axon has evolved from being a pioneer in tasers to now offering a range of products for law enforcement and defense industries. The report mentions that Axon’s solutions aim to address issues like officer and suspect fatalities from gunshots by providing TASERs as an alternative to firearms. The overall sentiment of the report leans towards bullish, emphasizing Axon’s position as a global monopoly provider of TASERs.

A look at Axon Enterprise, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, Axon Enterprise has a positive long-term outlook. With high scores in Growth and Momentum, the company is expected to experience strong expansion and market performance in the future. This indicates a promising trajectory for Axon Enterprise in terms of business development and investor interest.

While Axon Enterprise scores lower in Value and Dividend, the company’s high scores in Resilience suggest that it is well-equipped to withstand market challenges and maintain stability. Overall, Axon Enterprise’s Smart Scores paint a picture of a company with great potential for growth and innovation in the public safety technology sector.

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