Axon Enterprise Stock Fair Value Calculation – Axon Enterprise Reports Q4 2023 Non-GAAP EPS of $0.70, Beating Estimate by $0.19

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Axon Enterprise Stock Fair Value Calculation – The impressive fourth-quarter report gives Axon Enterprise ($NASDAQ:AXON) investors a much-needed boost, as the company had struggled in the past year due to operational costs and intense competition.

Market Price

The company’s stock opened at $194.5 and closed at $200.3, up by 2.7% from the last closing price of $195.0. The strong financial results are a reflection of the success of the company’s business strategy, which has leveraged its offerings to customers that range from law enforcement to healthcare. Axon Enterprise has also benefited from strong innovation, with the company’s products becoming increasingly popular as they have become more accessible and affordable. Investors have responded positively to the news, with the stock continuing to perform well throughout the day despite a slight pullback in the afternoon. With strong fundamentals and a robust product lineup, the company is well-positioned to continue to deliver strong results in the coming quarters. 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 Calculation

GoodWhale has just completed an extensive analysis of AXON ENTERPRISE‘s wellbeing. Through our proprietary Valuation Line, we have been able to determine that the fair value of AXON ENTERPRISE stock is around $159.4. Currently, the stock is being traded at $200.3, which is overvalued by 25.7%. This implies that now might be a good time to invest in AXON ENTERPRISE. Our research suggests a strong long-term growth potential for the company, so investors may be rewarded for taking a position now. 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

The company attributed the improvement to strong growth in both recurring revenue and sales volume. Looking ahead, Axon Enterprise is optimistic about its prospects for sustained growth, thanks to its strong market position and broad product portfolio. Investors should keep a close eye on Axon’s financials for indications of how well it is able to capitalize on its market advantage and sustain its growth trajectory.