Is NYSE:AX suited for CANSLIM investing?

In this article we will dive into AXOS FINANCIAL INC (NYSE:AX) as a possible candidate for growth investing. Investors should always do their own research, but we noticed AXOS FINANCIAL INC showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

Looking into the canslim metrics of AXOS FINANCIAL INC

• In the most recent financial report, AXOS FINANCIAL INC reported a 42.03% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• The recent q2q revenue growth of 30.53% of AXOS FINANCIAL INC showcases the company's ability to generate increasing revenue in a short period, reflecting its positive growth trajectory.
• The 3-year EPS growth of AXOS FINANCIAL INC (29.14%) highlights the company's ability to consistently improve its earnings performance and suggests a positive outlook for future profitability.
• AXOS FINANCIAL INC showcases a robust Return on Equity (ROE) of 19.64%, indicating its ability to generate favorable returns for shareholders. This metric underscores the company's efficiency in utilizing its equity capital to generate profits.
• The Relative Strength (RS) of AXOS FINANCIAL INC has consistently been strong, with a current 85.76 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. AXOS FINANCIAL INC demonstrates promising potential for sustained price momentum.
• AXOS FINANCIAL INC maintains a healthy Debt-to-Equity ratio of 0.17. This indicates the company's conservative capital structure and signifies its ability to effectively manage debt obligations while maintaining a strong equity position.
• With 84.2% of the total shares held by institutional investors, AXOS FINANCIAL INC showcases a healthy distribution of ownership. This suggests a mix of institutional and retail investors, fostering a dynamic market for the stock.

Insights from Technical Analysis

ChartMill employs a sophisticated system to assign a Technical Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple technical indicators and properties.

Overall AX gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AX is showing a nice and steady performance.

• Both the short term and long term trends are positive. This is a very positive sign.
• Looking at the yearly performance, AX did better than 85% of all other stocks. On top of that, AX also shows a nice and consistent pattern of rising prices.
• AX is part of the Banks industry. There are 404 other stocks in this industry. AX outperforms 78% of them.
• AX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AX is lagging the market slightly.
• In the last month AX has a been trading in the 59.45 - 68.39 range, which is quite wide. It is currently trading near the high of this range.

Our latest full technical report of AX contains the most current technical analsysis.

What else is there to say on the fundamentals of NYSE:AX?

Every day, ChartMill assigns a Fundamental Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various fundamental indicators and properties.

We assign a fundamental rating of 4 out of 10 to AX. AX was compared to 404 industry peers in the Banks industry. AX has only an average score on both its financial health and profitability. AX has a correct valuation and a medium growth rate.

For an up to date full fundamental analysis you can check the fundamental report of AX

More growth stocks can be found in our CANSLIM screen.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.