Why the growth investor may take a look at AXON ENTERPRISE INC (NASDAQ:AXON).

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.

Some of the canslim metrics of AXON highlighted

• The quarterly earnings of AXON have shown a 85.71% 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 has demonstrated strong q2q revenue growth of 33.09%, suggesting a favorable trend in the company's financials and indicating the potential for continued expansion.
• Over the past 3 years, AXON has demonstrated 36.34% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
• AXON exhibits a strong Return on Equity (ROE) of 21.92%, 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.
• The Relative Strength (RS) of AXON has consistently been strong, with a current 96.2 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength.
• A Debt/Equity ratio of 0.29 indicates that AXON is leveraging debt effectively without excessive risk.
• The ownership composition of AXON reflects a balanced investor ecosystem, with institutional shareholders owning 82.93%. 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, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.

Overall AXON gets a technical rating of 6 out of 10. Although AXON is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

• Looking at the yearly performance, AXON did better than 96% of all other stocks. On top of that, AXON also shows a nice and consistent pattern of rising prices.
• AXON is part of the Aerospace & Defense industry. There are 65 other stocks in this industry. AXON outperforms 82% of them.
• The long and short term trends are both neutral. This gives a pretty neutral overall picture!
• AXON is currently trading in the middle of its 52 week range. The S&P500 Index is currently trading in the lower part of its 52 week range, so AXON is still doing slightly better than the market.
• In the last month AXON has a been trading in the 469.24 - 579.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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

What else is there to say on the fundamentals of AXON?

ChartMill utilizes a proprietary algorithm to assign a Fundamental Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of fundamental indicators and properties.

AXON gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 65 industry peers in the Aerospace & Defense industry. While AXON has a great health rating, its profitability is only average at the moment. AXON is valued quite expensive, but it does show an excellent growth. 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.

More ideas for growth investing can be found on ChartMill 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.