Media coverage about Axon Enterprise (NASDAQ:AAXN) has trended positive this week, Accern Sentiment reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Axon Enterprise earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 46.1136500094568 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:
NASDAQ AAXN traded down $1.02 during trading on Friday, reaching $41.84. 967,039 shares of the company’s stock traded hands, compared to its average volume of 869,328. The company has a market capitalization of $2,284.74, a price-to-earnings ratio of 154.96, a price-to-earnings-growth ratio of 4.44 and a beta of 0.78. Axon Enterprise has a 12-month low of $20.57 and a 12-month high of $43.16.
Axon Enterprise (NASDAQ:AAXN) last released its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.21. Axon Enterprise had a net margin of 1.59% and a return on equity of 8.17%. The business had revenue of $94.65 million for the quarter, compared to analysts’ expectations of $87.88 million. equities research analysts expect that Axon Enterprise will post 0.39 earnings per share for the current year.
Several research analysts recently commented on AAXN shares. BidaskClub raised shares of Axon Enterprise from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 27th. Zacks Investment Research raised shares of Axon Enterprise from a “hold” rating to a “strong-buy” rating and set a $43.00 price target on the stock in a research note on Friday, March 2nd. JPMorgan Chase raised their price target on shares of Axon Enterprise from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, December 21st. Imperial Capital reaffirmed an “in-line” rating and issued a $38.00 price target (up previously from $25.00) on shares of Axon Enterprise in a research note on Tuesday, March 20th. Finally, Dougherty & Co reaffirmed a “buy” rating and issued a $36.00 price target (up previously from $33.00) on shares of Axon Enterprise in a research note on Wednesday, February 28th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $38.00.
In related news, CRO Joshua Isner sold 9,301 shares of Axon Enterprise stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $36.34, for a total value of $337,998.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Luke Larson sold 36,105 shares of Axon Enterprise stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $36.62, for a total transaction of $1,322,165.10. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by company insiders.
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Axon Enterprise Company Profile
Axon Enterprise, Inc develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide. The company operates through two segments, TASER Weapons, and Software and Sensors. It offers TASER X26P and TASER X2 smart weapons for law enforcement; consumer CEWs; and replacement cartridges and consumables, as well as performance power magazines.
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