Axon Enterprise Stock Climbs 11% On A 6-Day Winning Streak
Axon Enterprise (AXON) stock has risen for 6 consecutive trading days, gaining 11.2% over that stretch. That added about $3.4 billion to the company’s market value, which now stands at about $34.3 billion. The stock closed at $425.87 on Tuesday, October 27, 43.9% below its 52-week high of $759.44 and 23.1% above its low of $345.94.
The Streak Next To The S&P 500
Returns for AXON and the S&P 500 over the streak and the periods around it, all ending Tuesday, October 27 and including dividends:
| Return Period | AXON | S&P 500 |
|---|---|---|
| 1 Day | 0.3% | 0.6% |
| 6 Days (Current Streak) | 11.2% | 0.4% |
| 1 Month (21 Trading Days) | 0.3% | 0.6% |
| 3 Months (63 Trading Days) | -19.8% | 5.8% |
| Year To Date | -25.0% | 13.9% |
| 1 Year (252 Trading Days) | -42.1% | 15.0% |
A Stock-Specific Run, Or A Market Move?
Over the same 6 trading days, the S&P 500 returned +0.4% including dividends, so the run is mostly Axon Enterprise’s own story rather than the market’s. 4 other S&P 500 stocks are currently on winning streaks of 6 days or longer. Over the past three months the stock is down 19.8%, a window that includes the streak; over the other 57 sessions of that window it was down 27.9%.
Is The Business Keeping Up With The Stock?
On the fundamentals, revenue grew 34.6% over the last twelve months, against a median of 7.9% for S&P 500 Industrials stocks; and its operating margin is 0.7%, versus a median of 17.6%. At least one of the last four quarters was a loss, so a price-to-earnings multiple would not be a meaningful yardstick here. The read is mixed: revenue growth above the median on one side, margins below the median on the other.
If you are looking for strength with more behind it than a hot tape, our Guidance Momentum screen surfaces the names where management raised its own outlook.
For anyone who would rather back the theme than one company, an aerospace and defense ETF like ITA holds the whole group, not just this stock. It is still a concentrated bet on one theme, which is the gap the portfolio below is built to close.
One Hot Stock Is A Story. Thirty Sound Ones Are A Strategy
A streak like this earns a place on your watchlist, and it also earns a question: how much of your outcome do you want depending on one company keeping this up?
The Trefis High Quality (HQ) Portfolio answers it with breadth: roughly 30 businesses picked for consistent cash generation, strong margins, and balance-sheet strength, sized and rebalanced by rules. It has a track record of outpacing a benchmark that combines the S&P 500, the S&P MidCap 400, and the Russell 2000. Follow the story; invest in the strategy.