AXON - Could This Metric Trigger a Major Rebound for Axon?
Currently trading with a market capitalization, or company price tag, of roughly $10 billion, shares of Axon Enterprise (NASDAQ: AXON) are down over 30% from their 52-week highs. Seemingly caught up in the broader growth-stock sell-off in the market over the recent few months, Axon's long-term investing thesis remains more robust than ever -- making its upcoming earnings call on the 24th of February quite interesting.
Specifically, the company's dollar-based net retention (DBNR) rate will be critical to investors. Continued strength in this metric would reinforce the longer-term promise of Axon's operations -- potentially setting the stage for a rebound in its stock price over the next few years.
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Could This Metric Trigger a Major Rebound for Axon?