New Police Body Camera Report Could Hurt Axon's Business
Shares of police body camera maker Axon Enterprise (NASDAQ: AAXN) have been on a downhill roll, slipping and sliding 11% over the last few days. This could be due in part to news breaking late last week that the U.S. Securities and Exchange Commission (SEC) has begun examining Axon's financial reports with an eye to reviewing the company's revenue recognition policies.
But the SEC is only part of Axon's problem. An even bigger problem may be brewing for Axon in Washington, D.C.
Image source: Axon Enterprises.
Source: Fool.com
Axon Enterprise INC Stock
€323.20
0.810%
Currently there is a rather positive sentiment for Axon Enterprise INC with 4 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 305 € is below the current price of 323.2 € for Axon Enterprise INC, so the potential is actually -5.63%.
