Is Axon Enterprise Inc (AXON) a Sell? The Stock Reaches All-Time Low Today

October 13, 2017 - By reb123z

The stock of Axon Enterprise Inc (NASDAQ:AAXN) reached all time low today, Oct, 13 and still has $22.63 target or 8.00 % below today’s $24.60 share price. This indicates more downside for the $1.30B company. This technical setup was reported by Barchart.com. If the $22.63 PT is reached, the company will be worth $104.00M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock increased 0.61% or $0.15 during the last trading session, reaching $24.6. About 575,107 shares traded or 14.31% up from the average. Axon Enterprise Inc (NASDAQ:AAXN) has risen 16.48% since October 13, 2016 and is uptrending. It has underperformed by 0.22% the S&P500.

Wall Street await Axon Enterprise Inc (NASDAQ:AAXN) to release earnings on November, 6. Analysts forecast earnings per share of $-0.58, down exactly $0.15 or 34.88 % from 2014’s $-0.43 EPS. After posting $-0.65 EPS for the previous quarter, Axon Enterprise Inc’s analysts now forecast -10.77 % EPS growth.

More news for Axon Enterprise Inc (NASDAQ:AAXN) were recently published by: Fool.com, which released: “Why Axon Enterprise Inc.’s Shares Plunged 12% in August” on September 07, 2017. Fool.com‘s article titled: “Axon Enterprise Is Just Scratching the Surface of Its Potential” and published on October 02, 2017 is yet another important article.

Axon Enterprise, Inc., formerly TASER International, Inc., is engaged in development, manufacture and sale of conducted electrical weapons for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. The company has market cap of $1.30 billion. It is also engaged in development of connected wearable on-officer cameras. It has a 77.06 P/E ratio. It operates through two divisions: the sale of CEWs, accessories, and other related services and products (the TASER Weapons segment), and the Axon business, focused on devices, wearables, applications, cloud and mobile products (the Axon segment).

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