Bullish Case: Growing institutional ownership and insider buying suggest confidence in AXON's potential. The historical return surface indicates the resilience and likelihood of positive returns over longer holding periods.


Bearish Case: Recent insider selling coupled with a flat options term structure suggests potential for near-term volatility or stagnation, indicating risk for short-term investors.


Potential Outcomes:

1. Earnings continue outperformance, further lifting stock price (40% chance).

2. Increased institutional selling leads to price retreat (35% chance).

3. Stabilization with modest gains reflecting market consensus (25% chance).


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April 02, 2024


Axon Enterprise Forecast

AXON        Axon Enterprise
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with AXON



STRA Forecast + Options Trading Strategies   [STRA]  Strategic Education (0.93)


VNOM Forecast + Options Trading Strategies   [VNOM]  Viper Energy (0.91)


KD Forecast + Options Trading Strategies   [KD]  Kyndryl (0.9)


STNG Forecast + Options Trading Strategies   [STNG]  Scorpio Tankers (0.89)


GEO Forecast + Options Trading Strategies   [GEO]  Geo Group (0.88)



Uncorrelated Stock Forecasts

Assets with little price relationship to AXON



MSGS Forecast + Options Trading Strategies   [MSGS]  Madison Square Garden Sports Corp - (0.0)


SSTK Forecast + Options Trading Strategies   [SSTK]  Shutterstock (0.0)


BNS Forecast + Options Trading Strategies   [BNS]  Bank Of Nova Scotia (-0.0)


TTD Forecast + Options Trading Strategies   [TTD]  Trade Desk (0.0)


MBB Forecast + Options Trading Strategies   [MBB]  BTC iShares MBS (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against AXON



AEHR Forecast + Options Trading Strategies   [AEHR]  Aehr Test Systems (-0.85)


CMP Forecast + Options Trading Strategies   [CMP]  Compass Minerals International (-0.86)


MATW Forecast + Options Trading Strategies   [MATW]  Matthews International Corp. (-0.87)


LAZR Forecast + Options Trading Strategies   [LAZR]  Luminar (-0.88)


GOGO Forecast + Options Trading Strategies   [GOGO]  Gogo (-0.89)





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