Unlocking the Growth Potential of NASDAQ:AXON.

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

What matters for canslim investors.

• AXON ENTERPRISE INC has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 30.68% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• AXON ENTERPRISE INC has demonstrated strong q2q revenue growth of 34.31%, suggesting a favorable trend in the company's financials and indicating the potential for continued expansion.
• AXON ENTERPRISE INC has achieved 32.14% growth in EPS over the past 3 years, reflecting a sustained improvement in earnings performance.
• AXON ENTERPRISE INC showcases a robust Return on Equity (ROE) of 14.43%, 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 AXON ENTERPRISE INC has been consistently solid, with a current 86.54 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage. AXON ENTERPRISE INC exhibits strong prospects for further price appreciation.
• AXON ENTERPRISE INC maintains a healthy Debt-to-Equity ratio of 0.37. This indicates the company's conservative capital structure and signifies its ability to effectively manage debt obligations while maintaining a strong equity position.
• The ownership composition of AXON ENTERPRISE INC reflects a balanced investor ecosystem, with institutional shareholders owning 75.45%. This indicates a broader market participation and potential for increased trading liquidity.

What is the technical picture of NASDAQ:AXON telling us.

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 AXON gets a technical rating of 5 out of 10. AXON was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

• When comparing the yearly performance of all stocks, we notice that AXON is one of the better performing stocks in the market, outperforming 86% of all stocks. On top of that, AXON also shows a nice and consistent pattern of rising prices.
• AXON is one of the better performing stocks in the Aerospace & Defense industry, it outperforms 73% of 64 stocks in the same industry.
• The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
• AXON is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AXON is lagging the market.

Check the latest full technical report of AXON for a complete technical analysis.

A complete fundamental analysis of NASDAQ:AXON

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.

Overall AXON gets a fundamental rating of 6 out of 10. We evaluated AXON against 64 industry peers in the Aerospace & Defense industry. AXON gets an excellent profitability rating and is at the same time showing great financial health properties. AXON is valued quite expensively, but it does show have an excellent growth rating. These ratings could make AXON a good candidate for growth and quality investing.

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

More ideas for growth investing can be found on ChartMill in our CANSLIM screen.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.