Axon Shares Drop $6 Billion Over Three Days as 74x Earnings Multiple Comes Under Pressure
Axon Enterprise, Inc. dropped roughly $6.0 billion in market cap from the end of trade Tuesday to Friday, with shares giving up 11.7% over three sessions. The stock closed Friday at $565.80, down from $640.46 on Tuesday. The market cap drop is based on the company’s latest share count of 80.6 million.