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Why NASDAQ:AXON is Poised for High Growth.

By Mill Chart

Last update: Mar 1, 2024

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.

Looking into the canslim metrics of AXON ENTERPRISE INC

  • AXON ENTERPRISE INC has demonstrated consistent growth in its earnings per share (EPS) from one quarter to another (Q2Q), with a 60.0% increase. This indicates improving financial performance and the company's effective management of its operations.
  • AXON ENTERPRISE INC has demonstrated strong q2q revenue growth of 28.58%, suggesting a favorable trend in the company's financials and indicating the potential for continued expansion.
  • 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 demonstrates a strong Return on Equity(ROE) of 10.8%. This indicates the company's ability to generate favorable returns for shareholders and reflects its efficient utilization of capital. AXON ENTERPRISE INC shows promising potential for continued success.
  • AXON ENTERPRISE INC has exhibited strong Relative Strength(RS) in recent periods, with a current 90.98 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 Debt-to-Equity ratio at 0.42, AXON ENTERPRISE INC showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
  • With 75.45% 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.

Analyzing the Technical Aspects

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.

We assign a technical rating of 10 out of 10 to AXON. Both in the recent history as in the last year, AXON has proven to be a steady performer, scoring decent points in every aspect analyzed.

  • The long and short term trends are both positive. This is looking good!
  • When comparing the yearly performance of all stocks, we notice that AXON is one of the better performing stocks in the market, outperforming 90% 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 64 stocks in the same industry.
  • AXON is currently trading near its 52 week high, which is a good sign. 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 247.04 - 318.90 range, which is quite wide. It is currently trading near the high of this range.
  • Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
  • Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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?

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.

Taking everything into account, AXON scores 6 out of 10 in our fundamental rating. AXON was compared to 64 industry peers in the Aerospace & Defense industry. AXON has an excellent financial health rating, but there are some minor concerns on its profitability. AXON shows excellent growth, but is valued quite expensive already. These ratings could make AXON a good candidate for growth investing.

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

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 in any way. 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.



NASDAQ:AXON (5/24/2024, 7:15:30 PM)

After market: 286.5 +0.87 (+0.3%)


+5.64 (+2.01%)


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