Axon Enterprise Stock Fair Value – Axon Enterprise Stock Slides Despite Market Gains

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Despite overall market gains, Axon Enterprise ($NASDAQ:AXON) (NASDAQ: AAXN) stock experienced a decline in its latest trading session, closing at $189.53, representing a decrease of 1.41% from the previous day. This has left some investors wondering what’s going on at Axon Enterprise and what led to the dip in its share price. Axon Enterprise is a technology company based in Scottsdale, Arizona that specializes in providing public safety technology solutions. The company manufactures and sells devices such as body-worn cameras, software and cloud-based storage solutions for law enforcement agencies around the world. Axon also offers a suite of artificial intelligence and analytics capabilities to help law enforcement agencies better manage their data.

Additionally, the company provides TASER weapons to the police force and sells accessories for the weapons to help reduce their risk of injury. Axon Enterprise has had a strong track record of growth over the last few years and is well-positioned to capitalize on its current market opportunities. The company is expanding its product offerings and has made investments in its software and cloud-based storage solutions. It has also been working on developing its artificial intelligence capabilities, which could provide additional opportunities for growth in the future. As such, it’s surprising to see its stock price drop despite these advancements.

Stock Price

On Thursday, AXON ENTERPRISE stock opened at $189.5 and closed at $184.0, a significant drop of 2.9% from its previous closing price. This marked a distinct contrast to the overall market performance, as most of the major indexes were up on the day. The sudden dip of AXON ENTERPRISE stock was unexpected, as the company had experienced steady growth in the past week.

Analysts are uncertain as to why the stock suddenly dropped, and many investors have been left befuddled by this unexpected development. It remains to be seen if AXON ENTERPRISE stock will continue to slide or if it will recover from the recent losses. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Axon Enterprise. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Axon Enterprise. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Axon Enterprise. More…

Key Ratios Snapshot

Some of the financial key ratios for Axon Enterprise are shown below. More…

Analysis – Axon Enterprise Stock Fair Value

At GoodWhale, we conducted an analysis of AXON ENTERPRISE‘s wellbeing and the fair value of their share. Our proprietary Valuation Line has calculated the fair value of AXON ENTERPRISE’s share to be around $187.8. Currently, AXON ENTERPRISE’s stock is traded at $184.0 – a fair price but one that is slightly undervalued by 2.0%. More…

Peers

Its competitors include Shi Corp, Ultra Electronics Holdings PLC, and Shenzhen TVT Digital Technology Co Ltd.

– Shi Corp ($OTCPK:SHCC)

Shi Corp is a publicly traded company with a market capitalization of 1.39k as of 2022. The company has a Return on Equity of -0.64%. Shi Corp is engaged in the business of providing technology solutions and services. The company’s products and services include enterprise software, cloud computing, big data, and analytics.

– Ultra Electronics Holdings PLC ($SZSE:002835)

Shenzhen TVT Digital Technology Co Ltd has a market cap of 2.64B as of 2022, a Return on Equity of 8.41%. The company operates in the field of digital technology, providing products and services related to digital television, set-top boxes, and other digital products and services. It is headquartered in Shenzhen, China.

Summary

Axon Enterprise is currently trading at a lower price than yesterday. This means that investors who are looking to invest in Axon Enterprise stocks may not get as much return on their investment compared to the market average. It is important for potential investors to do their due diligence and research the company before investing. This includes looking at the company’s financials, products and services, management team, competitive landscape, and other important factors.

Additionally, investors should compare the company’s stock performance to those of peers in the same industry to make sure they are making the best decision.