Should you consider AXON ENTERPRISE INC (NASDAQ:AXON) for growth investing?

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

• 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.
• With a favorable Return on Equity (ROE) of 20.59%, 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 consistently been strong, with a current 95.79 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.
• Maintaining a Debt-to-Equity ratio of 0.32, AXON ENTERPRISE INC demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
• 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.

In-Depth Technical Analysis of NASDAQ:AXON

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 8 out of 10 in our technical rating. In the last year, AXON was one of the better performers, but we do observe some doubts in the very recent evolution.

• Looking at the yearly performance, AXON did better than 95% of all other stocks. On top of that, AXON also shows a nice and consistent pattern of rising prices.
• AXON is one of the better performing stocks in the Aerospace & Defense industry, it outperforms 84% of 65 stocks in the same industry.
• The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
• AXON is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AXON is lagging the market slightly.

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

Fundamental Analysis Observations

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.

We assign a fundamental rating of 6 out of 10 to AXON. AXON was compared to 65 industry peers in the Aerospace & Defense industry. AXON is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. AXON shows excellent growth, but is valued quite expensive already. With these ratings, AXON could be worth investigating further for growth investing!.

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

Our CANSLIM screen will find you more ideas suited for growth investing.

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.