Exploring NASDAQ:AXON's growth characteristics.

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.

Why NASDAQ:AXON may be interesting for canslim investors.

• AXON ENTERPRISE INC has demonstrated consistent growth in its earnings per share (EPS) from one quarter to another (Q2Q), with a 42.16% increase. This indicates improving financial performance and the company's effective management of its operations.
• AXON ENTERPRISE INC has experienced 31.59% q2q revenue growth, indicating a significant sales increase.
• Over the past 3 years, AXON ENTERPRISE INC has demonstrated 32.14% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
• AXON ENTERPRISE INC has achieved an impressive Return on Equity (ROE) of 15.07%, showcasing its ability to generate favorable returns for shareholders.
• AXON ENTERPRISE INC has exhibited strong Relative Strength(RS) in recent periods, with a current 97.47 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. AXON ENTERPRISE INC shows promising potential for continued price momentum.
• AXON ENTERPRISE INC exhibits a favorable Debt-to-Equity ratio at 0.35. 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.

Technical analysis of NASDAQ:AXON

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

Taking everything into account, AXON scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, AXON has proven to be a steady performer, scoring decent points in every aspect analyzed.

• The long and short term trends are both positive. This is looking good!
• When comparing the yearly performance of all stocks, we notice that AXON is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, AXON also shows a nice and consistent pattern of rising prices.
• AXON is part of the Aerospace & Defense industry. There are 66 other stocks in this industry. AXON outperforms 90% of them.
• A new 52 week high is currently being made by AXON, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
• In the last month AXON has a been trading in the 422.38 - 611.88 range, which is quite wide. It is currently trading near the high of this range.
• Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
• Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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 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.

Taking everything into account, AXON scores 7 out of 10 in our fundamental rating. AXON was compared to 66 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. 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 growth stocks can be found in our CANSLIM screen.

Disclaimer

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.