Why NASDAQ:AXON qualifies as a high growth stock.

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if AXON ENTERPRISE INC (NASDAQ:AXON) is suited for growth investing. Investors should of course do their own research, but we spotted AXON ENTERPRISE INC showing up in our CANSLIM growth screen, so it may be worth spending some more time on it.

Some of the canslim metrics of NASDAQ:AXON highlighted

• The earnings per share (EPS) of AXON ENTERPRISE INC have shown positive growth on a quarter-to-quarter (Q2Q) basis, with a 30.68% increase. This reflects the company's ability to improve its profitability over time.
• AXON ENTERPRISE INC has demonstrated strong quarter-to-quarter (Q2Q) revenue growth of 34.31%, reflecting its ability to generate consistent increases in sales. This growth highlights the company's effective market positioning and its potential for continued success.
• AXON ENTERPRISE INC has achieved 32.14% growth in EPS over the past 3 years, reflecting a sustained improvement in earnings performance.
• The Return on Equity (ROE) of AXON ENTERPRISE INC stands at 14.43%, reflecting the company's strong profitability and effective utilization of shareholder equity. This metric signifies the company's ability to generate returns for its investors.
• The Relative Strength (RS) of AXON ENTERPRISE INC has consistently been strong, with a current 90.14 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. AXON ENTERPRISE INC demonstrates promising potential for sustained price momentum.
• AXON ENTERPRISE INC exhibits a favorable Debt-to-Equity ratio at 0.37. This highlights the company's ability to limit excessive debt levels and maintain a strong equity base, demonstrating its financial stability and risk management practices.
• AXON ENTERPRISE INC exhibits a favorable ownership structure, with an institutional shareholder ownership of 75.45%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.

Zooming in on the technicals.

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

We assign a technical rating of 8 out of 10 to AXON. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

• The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
• When comparing the yearly performance of all stocks, we notice that AXON is one of the better performing stocks in the market, outperforming 90% of all stocks. We also observe that the gains produced by AXON over the past year are nicely spread over this period.
• AXON is part of the Aerospace & Defense industry. There are 64 other stocks in this industry. AXON outperforms 77% of them.
• AXON 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 AXON is lagging the market slightly.
• In the last month AXON has a been trading in the 273.52 - 297.78 range, which is quite wide. It is currently trading near the high of this range.

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

What else is there to say on the fundamentals of NASDAQ:AXON?

ChartMill assigns a proprietary Fundamental Rating to each stock. The score is computed daily by evaluating various fundamental indicators and properties. The score ranges from 0 to 10.

We assign a fundamental rating of 6 out of 10 to AXON. AXON was compared to 64 industry peers in the Aerospace & Defense industry. AXON has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. AXON shows excellent growth, but is valued quite expensive already. With these ratings, AXON could be worth investigating further for growth and quality investing!.

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

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

Keep in mind

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.