Unlocking the Growth Potential of 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.

What matters for canslim investors.

• The quarterly earnings of AXON ENTERPRISE INC have shown a 42.16% 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 recent q2q revenue growth of 31.59% of AXON ENTERPRISE INC showcases the company's ability to generate increasing revenue in a short period, reflecting its positive growth trajectory.
• AXON ENTERPRISE INC has experienced 32.14% growth in EPS over a 3-year period, demonstrating its ability to generate sustained and positive earnings momentum.
• AXON ENTERPRISE INC showcases a robust Return on Equity (ROE) of 20.59%, 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 97.58 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.
• With a current Debt-to-Equity ratio at 0.32, AXON ENTERPRISE INC showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
• 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.

Insights from Technical Analysis

Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.

Overall AXON 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, AXON is showing a nice and steady performance.

• Both the short term and long term trends are positive. This is a very positive sign.
• 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 64 other stocks in this industry. AXON outperforms 90% of them.
• AXON is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month AXON has a been trading in the 424.57 - 652.23 range, which is quite wide. It is currently trading near the high of this range.

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

Zooming in on the fundamentals.

At ChartMill, a crucial aspect of their analysis is the assignment of a Fundamental Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous fundamental indicators and properties.

Taking everything into account, AXON scores 7 out of 10 in our fundamental rating. AXON was compared to 64 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. This makes AXON very considerable for growth and quality investing!

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

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

Keep in mind

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.