Axon Enterprise Stock Return On Equity
| AXON Stock | USD 631.27 21.45 3.52% |
Axon Enterprise fundamentals help investors to digest information that contributes to Axon Enterprise's financial success or failures. It also enables traders to predict the movement of Axon Stock. The fundamental analysis module provides a way to measure Axon Enterprise's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Axon Enterprise stock.
Axon |
Axon Enterprise Company Return On Equity Analysis
Axon Enterprise's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Axon Enterprise Return On Equity | 0.16 |
Most of Axon Enterprise's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Axon Enterprise is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
Based on the latest financial disclosure, Axon Enterprise has a Return On Equity of 0.1642. This is 62.68% lower than that of the Aerospace & Defense sector and 99.54% lower than that of the Industrials industry. The return on equity for all United States stocks is 152.97% lower than that of the firm.
Axon Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Axon Enterprise's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Axon Enterprise could also be used in its relative valuation, which is a method of valuing Axon Enterprise by comparing valuation metrics of similar companies.Axon Enterprise is currently under evaluation in return on equity category among its peers.
Axon Fundamentals
| Return On Equity | 0.16 | ||||
| Return On Asset | 0.0229 | ||||
| Profit Margin | 0.15 % | ||||
| Operating Margin | 0.04 % | ||||
| Current Valuation | 46.06 B | ||||
| Shares Outstanding | 76.25 M | ||||
| Shares Owned By Insiders | 4.71 % | ||||
| Shares Owned By Institutions | 80.89 % | ||||
| Number Of Shares Shorted | 2.4 M | ||||
| Price To Earning | 130.52 X | ||||
| Price To Book | 22.15 X | ||||
| Price To Sales | 23.96 X | ||||
| Revenue | 1.56 B | ||||
| Gross Profit | 728.64 M | ||||
| EBITDA | 189.73 M | ||||
| Net Income | 174.23 M | ||||
| Cash And Equivalents | 377.62 M | ||||
| Cash Per Share | 5.31 X | ||||
| Total Debt | 710.66 M | ||||
| Debt To Equity | 0.02 % | ||||
| Current Ratio | 2.79 X | ||||
| Book Value Per Share | 27.60 X | ||||
| Cash Flow From Operations | 189.26 M | ||||
| Short Ratio | 4.68 X | ||||
| Earnings Per Share | 3.84 X | ||||
| Price To Earnings To Growth | 2.86 X | ||||
| Target Price | 546.15 | ||||
| Number Of Employees | 3.33 K | ||||
| Beta | 0.94 | ||||
| Market Capitalization | 46.5 B | ||||
| Total Asset | 3.44 B | ||||
| Retained Earnings | 431.25 M | ||||
| Working Capital | 1.6 B | ||||
| Current Asset | 282.09 M | ||||
| Current Liabilities | 15.76 M | ||||
| Net Asset | 3.44 B |
About Axon Enterprise Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Axon Enterprise's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Axon Enterprise using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Axon Enterprise based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Axon Enterprise
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Axon Enterprise position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Axon Enterprise will appreciate offsetting losses from the drop in the long position's value.Moving together with Axon Stock
Moving against Axon Stock
| 0.8 | HII | Huntington Ingalls | PairCorr |
| 0.54 | EVTL | Vertical Aerospace | PairCorr |
| 0.5 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
The ability to find closely correlated positions to Axon Enterprise could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Axon Enterprise when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Axon Enterprise - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Axon Enterprise to buy it.
The correlation of Axon Enterprise is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Axon Enterprise moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axon Enterprise moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Axon Enterprise can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Axon Enterprise Piotroski F Score and Axon Enterprise Altman Z Score analysis. To learn how to invest in Axon Stock, please use our How to Invest in Axon Enterprise guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Is Defense space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Axon Enterprise. If investors know Axon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Axon Enterprise listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Axon Enterprise is measured differently than its book value, which is the value of Axon that is recorded on the company's balance sheet. Investors also form their own opinion of Axon Enterprise's value that differs from its market value or its book value, called intrinsic value, which is Axon Enterprise's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Axon Enterprise's market value can be influenced by many factors that don't directly affect Axon Enterprise's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Axon Enterprise's value and its price as these two are different measures arrived at by different means. Investors typically determine if Axon Enterprise is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axon Enterprise's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.