Is AXON ENTERPRISE INC (NASDAQ:AXON) suited 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

• 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
• AXON ENTERPRISE INC has achieved significant quarter-to-quarter (Q2Q) revenue growth of 31.59%, signaling its ability to capture market opportunities and drive top-line expansion. This growth underscores the company's effective execution and its potential for continued success.
• 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 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.
• AXON ENTERPRISE INC has maintained a healthy Relative Strength (RS) over the analyzed period, with a current 95.91 rating. This demonstrates the stock's ability to outperform its peers and indicates its competitive positioning. AXON ENTERPRISE INC is well-positioned for potential price growth opportunities.
• 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.
• The ownership composition of AXON ENTERPRISE INC reflects a balanced investor ecosystem, with institutional shareholders owning 81.14%. This indicates a broader market participation and potential for increased trading liquidity.

Insights from Technical Analysis

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

We assign a technical rating of 10 out of 10 to AXON. 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 95% of all 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 85% of 65 stocks in the same industry.
• 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.
• In the last month AXON has a been trading in the 543.48 - 671.22 range, which is quite wide. It is currently trading near the high of this range.
• 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.

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

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.

AXON gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 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 is valued quite expensively, but it does show have an excellent growth rating. These ratings would make AXON suitable for growth investing!

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

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

Disclaimer

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.