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Axon Shares Plunge 24% to 52-Week Low

Axon Enterprise shares fell to a 52-week low in the US session today, down 24.08% at $322.04 by 2:30pm London time, their steepest one-day fall in six months.

Axon Enterprise (AXON) shares were down 24.08% at $322.04 by 2:30pm London time today, a new 52-week low. It is the steepest one-day fall in six months, and the US session is still in progress.

The level sits below the previous 52-week low of $339.01 and 54.4% below the 52-week high. The shares are down 43.3% so far this year. The quote is delayed and can change before the US market finishes trading.

Changes chart of Axon Enterprise daily share price moves over six months, with today's fall far larger than any other session
Axon Enterprise’s move so far today against every daily change of the past six months. The latest point is a delayed intraday quote at 14:30 London time, not a close.

How unusual this is

No session in the past 126, roughly six months of trading, has produced a bigger daily fall than today’s 24.08%, which ranks first among them. The shares have also broken below $339.01, the previous 52-week low.

AXON.US

In the news

Axon reported third-quarter results yesterday. Revenue was $908.55 million, up 27.9% on a year earlier but 2.43% short of the $931.13 million consensus, the average analyst forecast. Earnings per share were $1.72 against $1.17, and 9.47% below the $1.90 consensus. The fall comes a day after the results.

Line chart of Axon Enterprise share price over the month to Friday 6 November, showing the sharp drop on the day
Axon Enterprise’s share price over the month to Friday 6 November. The latest point is a delayed intraday quote at 14:30 London time, not a close.

Axon also forecast fourth-quarter revenue of $990 million to $1.01 billion.

Asktraders News Team
Asktraders News Team
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The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.

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