Potential Price Increase for Axon Enterprise Inc (AXON) After Recent Insider Activity

In a filing, Axon Enterprise Inc revealed its PRESIDENT Isner Joshua unloaded Company’s shares for reported $8.91 million on Jan 02 ’24. In the deal valued at $251.68 per share,35,400 shares were sold. As a result of this transaction, Isner Joshua now holds 309,564 shares worth roughly $95.77 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Then, Kunins Jeffrey C sold 2,722 shares, generating $699,410 in total proceeds. Upon selling the shares at $256.95, the CPO & CTO now owns 226,083 shares.

Before that, Isner Joshua sold 2,562 shares. Axon Enterprise Inc shares valued at $658,778 were divested by the PRESIDENT at a price of $257.13 per share. As a result of the transaction, Isner Joshua now holds 344,964 shares, worth roughly $106.72 million.

Argus initiated its Axon Enterprise Inc [AXON] rating to a Buy in a research note published on March 13, 2024; the price target was $380. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in late August with a ‘”an Equal-weight”‘ rating. JP Morgan revised its rating on May 11, 2023. It rated AXON as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of AXON

On Tuesday, Axon Enterprise Inc [NASDAQ:AXON] saw its stock fall -0.65% to $309.36. Over the last five days, the stock has lost -1.94%. Axon Enterprise Inc shares have risen nearly 19.75% since the year began. Nevertheless, the stocks have risen 42.10% over the past one year. While a 52-week high of $325.63 was reached on 03/04/24, a 52-week low of $175.37 was recorded on 01/05/24. SMA at 50 days reached $286.49, while 200 days put it at $231.62. A total of 0.34 million shares were traded, compared to the trading of 0.36 million shares in the previous session.

Levels Of Support And Resistance For AXON Stock

The 24-hour chart illustrates a support level at 306.07, which if violated will result in even more drops to 302.77. On the upside, there is a resistance level at 311.39. A further resistance level may holdings at 313.41. The Relative Strength Index (RSI) on the 14-day chart is 56.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.55%. Stochastics %K at 39.93% indicates the stock is a holding.

How much short interest is there in Axon Enterprise Inc?

A steep rise in short interest was recorded in Axon Enterprise Inc stocks on Mar 15, 2024, growing by 0.65 million shares to a total of 2.46 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.81 million shares. There was a rise of 26.42%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.89% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.65.

The most recent change occurred on March 08, 2023 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $263 price target.

Most Popular