Evaluating NASDAQ:AXON for Growth Investment Opportunities.

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.

Some of the canslim metrics of NASDAQ:AXON highlighted

• In the most recent financial report, AXON ENTERPRISE INC reported a 42.16% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• AXON ENTERPRISE INC has experienced 31.59% q2q revenue growth, indicating a significant sales increase.
• 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 exhibits a strong Return on Equity (ROE) of 20.59%, indicating the company's ability to generate solid returns on shareholder investments. This metric reflects the company's efficient utilization of equity capital and its profitability.
• AXON ENTERPRISE INC has exhibited strong Relative Strength(RS) in recent periods, with a current 97.14 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.
• 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.
• With 81.14% of the total shares held by institutional investors, AXON ENTERPRISE INC showcases a healthy distribution of ownership. This suggests a mix of institutional and retail investors, fostering a dynamic market for the stock.

Zooming in on the technicals.

As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various 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.

• 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 97% 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 88% 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.
• Volume is considerably higher in the last couple of days.

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

How does the complete fundamental picture look for NASDAQ:AXON?

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

We assign a fundamental rating of 7 out of 10 to AXON. AXON was compared to 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. 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.

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.