Axon Enterprise Inc’s filing revealed that 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 $96.36 million.
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 $107.38 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 jump 0.02% to $311.27. Over the last five days, the stock has gained 0.62%. Axon Enterprise Inc shares have risen nearly 20.49% since the year began. Nevertheless, the stocks have risen 41.67% 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 $292.06, while 200 days put it at $234.35. A total of 0.31 million shares were traded, compared to the trading of 0.27 million shares in the previous session.
Levels Of Support And Resistance For AXON Stock
The 24-hour chart illustrates a support level at 307.88, which if violated will result in even more drops to 304.49. On the upside, there is a resistance level at 313.05. A further resistance level may holdings at 314.83. The Relative Strength Index (RSI) on the 14-day chart is 58.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.87%. Stochastics %K at 35.32% 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 28, 2024, growing by 0.42 million shares to a total of 2.28 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 1.86 million shares. There was a rise of 18.42%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.13% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.35.
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.
