Axon Price To Sales Ratio from 2010 to 2024

AXON Stock  USD 313.30  5.07  1.64%   
Axon Enterprise Price To Sales Ratio yearly trend continues to be very stable with very little volatility. Price To Sales Ratio is likely to grow to 12.87 this year. Price To Sales Ratio is a valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period. View All Fundamentals
 
Price To Sales Ratio  
First Reported
2010-12-31
Previous Quarter
12.25975738
Current Value
12.87
Quarterly Volatility
3.36913178
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Axon Enterprise financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Axon main balance sheet or income statement drivers, such as Depreciation And Amortization of 34.3 M, Interest Expense of 7.1 M or Selling General Administrative of 425.4 M, as well as many exotic indicators such as Price To Sales Ratio of 12.87, Dividend Yield of 0.0 or PTB Ratio of 12.48. Axon financial statements analysis is a perfect complement when working with Axon Enterprise Valuation or Volatility modules.
  
This module can also supplement Axon Enterprise's financial leverage analysis and stock options assessment as well as various Axon Enterprise Technical models . Check out the analysis of Axon Enterprise Correlation against competitors.
To learn how to invest in Axon Stock, please use our How to Invest in Axon Enterprise guide.

Latest Axon Enterprise's Price To Sales Ratio Growth Pattern

Below is the plot of the Price To Sales Ratio of Axon Enterprise over the last few years. Price to Sales Ratio is figured by comparing Axon Enterprise stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Axon Enterprise sales, a figure that is much harder to manipulate than other Axon Enterprise multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. It is a valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period. Axon Enterprise's Price To Sales Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Axon Enterprise's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 15.00 X10 Years Trend
Slightly volatile
   Price To Sales Ratio   
       Timeline  

Axon Price To Sales Ratio Regression Statistics

Arithmetic Mean7.52
Geometric Mean6.83
Coefficient Of Variation44.80
Mean Deviation2.97
Median5.98
Standard Deviation3.37
Sample Variance11.35
Range9.4898
R-Value0.84
Mean Square Error3.60
R-Squared0.71
Significance0.000089
Slope0.63
Total Sum of Squares158.91

Axon Price To Sales Ratio History

2024 12.87
2023 12.26
2022 9.91
2021 12.04
2020 11.12
2019 8.17
2018 5.87

About Axon Enterprise Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Axon Enterprise income statement, its balance sheet, and the statement of cash flows. Axon Enterprise investors use historical funamental indicators, such as Axon Enterprise's Price To Sales Ratio, to determine how well the company is positioned to perform in the future. Although Axon Enterprise investors may use each financial statement separately, they are all related. The changes in Axon Enterprise's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Axon Enterprise's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Axon Enterprise Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Axon Enterprise. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Price To Sales Ratio 12.26  12.87 

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.

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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.
Pair CorrelationCorrelation Matching
When determining whether Axon Enterprise offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Axon Enterprise's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Axon Enterprise Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Axon Enterprise Stock:
Check out the analysis of Axon Enterprise Correlation against competitors.
To learn how to invest in Axon Stock, please use our How to Invest in Axon Enterprise guide.
You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

Complementary Tools for Axon Stock analysis

When running Axon Enterprise's price analysis, check to measure Axon Enterprise's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Axon Enterprise is operating at the current time. Most of Axon Enterprise's value examination focuses on studying past and present price action to predict the probability of Axon Enterprise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Axon Enterprise's price. Additionally, you may evaluate how the addition of Axon Enterprise to your portfolios can decrease your overall portfolio volatility.
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Is Axon Enterprise's industry 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.
Quarterly Earnings Growth
0.866
Earnings Share
2.31
Revenue Per Share
21.071
Quarterly Revenue Growth
0.286
Return On Assets
0.0312
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.