Why NASDAQ:AXON Is a Standout High-Growth Stock in a Consolidation Phase.

Exploring Growth Potential: AXON ENTERPRISE INC (NASDAQ:AXON) and Its Base Formation. Growth investors seek promising revenue and EPS growth, and AXON ENTERPRISE INC has come under our scrutiny for potential growth investing. While it's crucial to do your own research, we've detected AXON ENTERPRISE INC on our screen for growth with base formation, suggesting it merits a closer look.

Evaluating Growth: NASDAQ:AXON

A key component of ChartMill's stock assessment is the Growth Rating, which spans from 0 to 10. This rating evaluates diverse growth factors, such as EPS and revenue growth, considering both past performance and future projections. NASDAQ:AXON has received a 9 out of 10:

• AXON shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 32.61%, which is quite impressive.
• The Earnings Per Share has been growing by 45.65% on average over the past years. This is a very strong growth
• The Revenue has grown by 63.57% in the past year. This is a very strong growth!
• Measured over the past years, AXON shows a very strong growth in Revenue. The Revenue has been growing by 30.06% on average per year.
• The Earnings Per Share is expected to grow by 24.30% on average over the next years. This is a very strong growth
• The Revenue is expected to grow by 25.86% on average over the next years. This is a very strong growth

Assessing Health for NASDAQ:AXON

ChartMill employs its own Health Rating for stock assessment. This rating, ranging from 0 to 10, is calculated by examining various liquidity and solvency ratios. In the case of NASDAQ:AXON, the assigned 8 reflects its health status:

• An Altman-Z score of 15.95 indicates that AXON is not in any danger for bankruptcy at the moment.
• The Altman-Z score of AXON (15.95) is better than 96.88% of its industry peers.
• The Debt to FCF ratio of AXON is 3.09, which is a good value as it means it would take AXON, 3.09 years of fcf income to pay off all of its debts.
• AXON has a Debt to FCF ratio of 3.09. This is amongst the best in the industry. AXON outperforms 85.94% of its industry peers.
• AXON has a Debt/Equity ratio of 0.32. This is a healthy value indicating a solid balance between debt and equity.
• The Debt to Equity ratio of AXON (0.32) is better than 68.75% of its industry peers.
• AXON has a Current Ratio of 2.96. This indicates that AXON is financially healthy and has no problem in meeting its short term obligations.
• AXON's Current ratio of 2.96 is fine compared to the rest of the industry. AXON outperforms 67.19% of its industry peers.
• A Quick Ratio of 2.63 indicates that AXON has no problem at all paying its short term obligations.
• With an excellent Quick ratio value of 2.63, AXON belongs to the best of the industry, outperforming 85.94% of the companies in the same industry.

Profitability Analysis for NASDAQ:AXON

ChartMill assigns a proprietary Profitability Rating to each stock. The score is computed by evaluating various profitability ratios and margins and ranges from 0 to 10. NASDAQ:AXON was assigned a score of 6 for profitability:

• With an excellent Return On Assets value of 10.79%, AXON belongs to the best of the industry, outperforming 93.75% of the companies in the same industry.
• AXON has a Return On Equity of 20.59%. This is amongst the best in the industry. AXON outperforms 92.19% of its industry peers.
• Looking at the Profit Margin, with a value of 18.01%, AXON belongs to the top of the industry, outperforming 93.75% of the companies in the same industry.
• AXON's Profit Margin has improved in the last couple of years.
• In the last couple of years the Operating Margin of AXON has grown nicely.
• The Gross Margin of AXON (59.14%) is better than 92.19% of its industry peers.

How does the Setup look for NASDAQ:AXON

Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NASDAQ:AXON currently has a 7 as setup rating:

AXON has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 598.97, a Stop Loss order could be placed below this zone.

More Strong Growth stocks can be found in our Strong Growth screener.

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

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

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.