Notable Stock to Watch: Axon Enterprise (NASDAQ:AAXN) signs a partnership with the Chicago Police Department

Axon Enterprise (NASDAQ:AAXN) stock identified change of 73.22% away from 52-week low price and recently located move of -10.67% off 52-week high price. It has market worth of $4048.82M . AAXN stock has been recorded 15.03% away from 50 day moving average and 20.84% away from 200 day moving average. Moving closer, we can see that shares have been trading 4.88% off 20-day moving average.

Axon (NASDAQ:AAXN), the global leader in connected law enforcement technologies, reported a partnership with the Chicago Police Department to pilot Axon’s virtual reality (VR) empathy-based training. Chicago PD, a Major Cities Chiefs Association member, is the first agency to incorporate Axon’s immersive experience into its current crisis intervention training curriculum. Chicago PD is also the first agency to debut Axon’s new autism empathy training VR scenario.

“It’s humbling to work with the second largest police department in the country to pilot this VR training program,” says Laura Brown, Axon’s Sr. Director of Training. “There’s no one-size-fits-all strategy for responding to calls for service in the field. The more police officers understand what people are experiencing during a crisis, the more they can adapt their response to effectively de-escalate the situation and protect lives.”

The VR technology provides officers with an immersive training where trainees can put themselves in the shoes of both the officer responding to the scene and the person in crisis. For the pilot program, Axon will work closely with the Chicago PD to incorporate the VR training piece into their existing curriculum.

“The goal is to take crisis intervention training out of the classroom, and into a virtual field,” says Chicago PD Lieutenant Antoinette Ursitti, a Crisis Intervention Team program coordinator. “We’re excited to see how this new partnership with Axon can help our department not only understand civilians in crisis, but equip them to de-escalate situations verbally.”

The Industrial Goods sector company, Axon Enterprise noticed change of 0.68% to $68.3 along volume of 300113 shares in recent session compared to an average volume of 704.16K. The stock observed return of 4.42% in 5 days trading activity. The stock was at 8.64% over one month performance. AAXN’s shares are at 23.09% for the quarter and driving a 14.50% return over the course of the past year and is now at 56.11% since this point in 2018.

The average volatility for the week at 3.42% and for month was at 3.38%. There are 59.28M shares outstanding and 57.82M shares are floated in market. Right now the stock beta is 0.95.

Albert Cuevas

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