How to Buy Axon Enterprise Stock
Axon Enterprise Inc
Axon Enterprise, Inc. develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally.
Axon Enterprise stock last closed at $646.96, up 1.89% from the previous day, and has increased 186.44% in one year. It has overperformed other stocks in the Aerospace & Defense industry by 1.57 percentage points. Axon Enterprise stock is currently +182.49% from its 52-week low of $229.02, and -0.81% from its 52-week high of $652.23.
At the moment, there are 76.25M AXON shares outstanding. The market value of AXON is $49.33B. In the last 24 hours, 397,064 AXON shares were traded.
How to Buy Axon Enterprise Stock
Wondering how to invest in Axon Enterprise stock? Here's how.
- Choose where to buy Axon Enterprise stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you figure out where to buy Axon Enterprise stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Select your method of payment and add your details.
- Analyze Axon Enterprise stock: The Axon Enterprise ticker symbol is AXON. Is Axon Enterprise stock a good investment? Should you buy shares of AXON? How do AXON's underlying business fundamentals look? Do top analysts think Axon Enterprise is a good buy? Why has AXON's stock price moved recently? (Hint: Our stock market research website can help you decide if AXON is a good stock to buy).
- Place your AXON trade: Decide if you will purchase AXON shares at the current market price or use a limit order to buy AXON stock at a particular price.
- Get updates on your investment in AXON: Create a watchlist to keep tabs on your new investment in Axon Enterprise shares.
Step 1: Choose where to buy Axon Enterprise stock
You need a brokerage account to access the NASDAQ market and buy AXON stock.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've selected the right brokerage, the next step is to fill out some personal info so you can invest in AXON stock today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to open a new brokerage account.
- Submit your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've created your account on the best stock app, your next step is to transfer the money for your investment:
Check out the video below if you need help depositing funds into your investment account.
Step 4: Analyze Axon Enterprise stock
Once you have figured out the best place to buy Axon Enterprise stock, it's very important to evaluate their stock before you invest, so you truly comprehend the risk as well as the upside.
Axon Enterprise stock at a glance
Fundamentals of AXON
WallStreetZen was created to help average investors perform better fundamental analysis quickly.
You can see all of the due diligence checks on AXON's stock page.
How is AXON stock valued?
Investors use many financial metrics, analyses, models, and charts to gauge AXON's fair value.
Using relative valuations methods:
- AXON may be overvalued based on its P/E ratio of 162.96x, relative to Aerospace & Defense industry P/E ratio of 34.91x
- AXON could be overvalued based on its P/B ratio of 23.49x, relative to Aerospace & Defense industry P/B ratio of 6.52x
You can do additional valuation analysis on AXON's stock here.
AXON Financial Overview
Passed Financial Due Diligence Checks:
- There are more short-term assets than short-term liabilities on the AXON balance sheet.
- AXON's operating cash flow of $298.18M allows it to safely service it's debt of $720.71M.
- There are more short-term assets than long-term liabilities on the AXON balance sheet.
- AXON profit margin has gone up from 10.1% to 15.4% in the past year.
- AXON earnings of $351.68M is not enough to cover its interest payments.
Failed Financial Due Diligence Checks:
- AXON has a relatively high debt to equity ratio of 0.91.
- Total AXON debt is higher than 5 years ago, relative to shareholder equity.
Is AXON stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 10 sell side analysts who give forecasts on AXON, the consensus analyst rating on Axon Enterprise is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they investment advice.
Latest AXON Analyst Ratings
Erik Suppiger, a top 4% analyst from JMP Securities reiterates AXON with a buy rating and maintains their AXON price target from $375.00 to $375.00, on Aug 7, 2024.
Tim Long, a top 4% analyst from Barclays maintains AXON with a strong buy rating and raises their AXON price target from $381.00 to $387.00, on Aug 7, 2024.
Barclays's Tim Long raised their price target on Axon Enterprise (NASDAQ: AXON) by 1.6% from $381 to $387 on 2024/08/07. The analyst maintained their Strong Buy rating on the stock.
Axon Enterprise reported its Q2 2024 earnings on 2024/08/06.
Long summed up the quarter and the context for their price target hike by saying that "the company's strength continued with quarterly revenue up 35% Y/Y."
Earnings Report
For Q2 2024, Axon Enterprise reported:
EPS of $1.20 per share, which beat the Zacks Consensus Estimate of $1.06 and, by 9.1%, Q2 2023's $1.10.
Revenue of $504.1M, which beat the Zacks Consensus Estimate of $477M and Q2 2023 by 34.6%.
For FY 2024, management guided:
- Revenue of $2B to $2.05B, up from the prior $1.94B to $1.99B.
In its Letter to Shareholders, management commented: "We continue to see expansive opportunities across our customer verticals. Increasing penetration of our Officer Safety Plan (OSP) remains a driver of growth within our U.S. state and local customer base, and more than 20% of the potential users within this cohort are now on one of our OSP offerings."
"At the same time, we have seen strong demand from our new and emerging customer verticals, including international, U.S. federal, corrections and enterprise.
"Our top four TASER 10 deals have come from these verticals and each vertical grew ahead of our overall revenue in the quarter — international revenue grew 49% Y/Y.
"Axon is mission-driven with a strategy to deliver the technology ecosystem for public safety.
"We take an innovative approach to solving problems for our customers, and our product roadmap and engagement with them builds our confidence to provide a strengthened outlook.
"Axon’s updated guidance for FY 2024 contemplates approximately 29.5% annual revenue growth at the midpoint, with an expanded Adjusted EBITDA margin of approximately 23.1%."
Jeremy Hamblin, a top 10% analyst from Craig-Hallum maintains AXON with a buy rating and raises their AXON price target from $370.00 to $376.00, on Aug 7, 2024.
Michael Yee, a top 19% analyst from Jefferies initiates coverage on AXON with a strong buy rating and announces their AXON price target of $385.00, on Jul 17, 2024.
Jordan Lyonnais, a bottom 50% analyst from Bank of America initiates coverage on AXON with a strong buy rating and announces their AXON price target of $380.00, on Jul 17, 2024.
You can dive deeper into what analysts are projecting on the Axon Enterprise stock forecast page.
Metrics for Advanced AXON Traders
Is AXON Growing Revenue?
Last year, AXON earnings were $298.31M. During the last 5 year, AXON's earnings have grown by 73.85% per year. This was faster than the Aerospace & Defense industry average of 5.46%.
Last year, AXON revenue was $1.94B. Over the past five year, AXON's revenue has grown by 32.59% per year. This was faster than the Aerospace & Defense industry average of 13.68%.
Dive into AXON's earnings and revenue performance here.
Who is buying/selling AXON?
In the last 12 months, insiders at AXON have sold more shares than they have bought.
Brittany Bagley, COO CFO of AXON, was the latest AXON insider to sell. They sold $2,240,000.00 worth of AXON shares on Nov 22, 2024.
Research more about who owns AXON stock here.
Does AXON provide a stable income stream?
No, Axon Enterprise doesn't provide an income stream by paying out dividends.
What others are saying about AXON
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your AXON trade
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally fine. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at an exact dollar amount, use a limit order.
Hit the Open button and eToro will place the order.
If you require more info about buying stocks on eToro, watch the helpful video below:
Step 6: Get updates on your investment in AXON
Now that you own some AXON stock, you'll want to keep up with your new investment.
Create a watchlist to track the most important metrics related to your AXON stock.
AXON Feed
How to Buy Stock in Axon Enterprise
To summarize, here are the 6 steps to buy Axon Enterprise stock:
- Choose where to buy Axon Enterprise stock
- Open a brokerage account
- Deposit funds into your investment account
- Analyze Axon Enterprise stock
- Place your AXON trade
- Get updates on your investment in AXON
If you are looking for a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep track of your new investment in Axon Enterprise, get started below.
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