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Barchart
Barchart
Aditya Raghunath

Up 134% in 2024, is Axon Stock Overvalued?

Valued at $46 billion by market cap, Axon Enterprise (AXON) develops, manufactures, and sells CEDs, or conducted energy devices, under the TASER brand in the U.S. and other international markets. The company offers hardware and cloud-based software solutions that enable law enforcement agencies to capture, store, manage, share, and analyze video and other digital evidence. Its products and services include the TASER lineup of devices, body cameras, in-car systems, evidence management software, cartridges, batteries, and more. 

The company went public in June 2001, and has since returned a monstrous 105,800% to shareholders. This means a $100 investment in AXON stock soon after its initial public offering would be worth close to $106,000 today. 

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