Axon Enterprise (AXON) Stock

Are you still working on your portfolio to achieve the best growth by 2025? Perhaps you are considering even longer-term goals.

Smart investors appreciate stock splits because they lower a company's share price and highlight stocks that are valuable. This is important because stock splits usually occur only after a significant and lasting increase in share price, which is uncommon for average companies.

Axon Enterprises' stock price has fallen for four weeks in a row as investors began to cash in on their gains after a record-breaking year. The stock has decreased to an important support level of $600, which is a 15% drop from its peak in 2023.

A year can bring significant changes. In 2022, the stock of Sea Limited (SE 1.38%) fell by 77%.

On the most recent trading day, Axon Enterprise (AXON) closed at $601.06, which is an increase of 0.77% compared to its last closing price.

AXON is expected to gain from strong growth in its different areas. However, rising costs and expenses are still a worry.

The stock of this specialized technology firm has increased by 141% in the last year, and this might be only the start.

The S&P 500 index has increased by 25% so far this year, and it's not surprising that many of the top gainers in 2024 are companies that are taking advantage of the rise in artificial intelligence (AI). Below are the five best-performing companies as of the market close on December 23, 2024.

Josh Isner, who has been with Axon Enterprise for more than 15 years, is the company's president. In this podcast, he talks with Motley Fool analyst Jason Moser about various topics.