Why the growth investor may take a look at NASDAQ:AXON.

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.

Looking into the canslim metrics of AXON ENTERPRISE INC

• The quarterly earnings of AXON ENTERPRISE INC have shown a 30.68% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• The quarter-to-quarter (Q2Q) revenue growth of 34.31% of AXON ENTERPRISE INC has been strong, reflecting the company's ability to generate consistent sales growth. This growth suggests the company's ability to meet customer needs and drive revenue growth.
• AXON ENTERPRISE INC has achieved 32.14% growth in EPS over the past 3 years, reflecting a sustained improvement in earnings performance.
• With a favorable Return on Equity (ROE) of 14.43%, AXON ENTERPRISE INC demonstrates its ability to deliver attractive returns for shareholders. This metric highlights the company's effective management of assets and its profitability.
• The Relative Strength (RS) of AXON ENTERPRISE INC has been consistently solid, with a current 92.01 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.
• AXON ENTERPRISE INC demonstrates a balanced ownership structure, with institutional shareholders at 75.45%. This indicates a diverse investor base, which can contribute to price stability and potential future growth.

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.

Taking everything into account, AXON scores 10 out of 10 in our technical rating. AXON has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.

• The long and short term trends are both positive. This is looking good!
• Looking at the yearly performance, AXON did better than 92% of all other 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 65 other stocks in this industry. AXON outperforms 79% of them.
• AXON is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so AXON is performing more or less in line with the market.
• In the last month AXON has a been trading in the 286.51 - 326.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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

What is the full fundamental picture of NASDAQ:AXON telling us.

ChartMill assigns a Fundamental Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple fundamental indicators and properties.

Overall AXON gets a fundamental rating of 6 out of 10. We evaluated AXON against 65 industry peers in the Aerospace & Defense industry. AXON scores excellent points on both the profitability and health parts. This is a solid base for a good stock. AXON is valued quite expensively, but it does show have an excellent growth rating. These ratings would make AXON suitable for growth and quality investing!

Our latest full fundamental report of AXON contains the most current fundamental analsysis.

More growth stocks can be found in our CANSLIM screen.

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.