Why AXON ENTERPRISE INC (NASDAQ:AXON) qualifies as a high growth stock.

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 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
• The recent q2q revenue growth of 33.09% of AXON showcases the company's ability to generate increasing revenue in a short period, reflecting its positive growth trajectory.
• The EPS of AXON has shown consistent growth over a 3-year period, indicating the company's ability to generate increasing earnings over time.
• The Return on Equity (ROE) of AXON stands at 21.92%, reflecting the company's strong profitability and effective utilization of shareholder equity. This metric signifies the company's ability to generate returns for its investors.
• AXON has exhibited strong Relative Strength(RS) in recent periods, with a current 95.98 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position.
• AXON has a Debt/Equity ratio of 0.29, indicating a balanced approach to financing growth.
• 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.

In-Depth Technical Analysis of AXON

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

Overall AXON gets a technical rating of 8 out of 10. In the last year, AXON was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.

• Both the short term and long term trends are positive. This is a very positive sign.
• Looking at the yearly performance, AXON did better than 95% of all other stocks. We also observe that the gains produced by AXON over the past year are nicely spread over this period.
• AXON is part of the Aerospace & Defense industry. There are 65 other stocks in this industry. AXON outperforms 82% of them.
• AXON is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so AXON slightly outperforms the market at the moment.
• In the last month AXON has a been trading in the 469.24 - 614.76 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.

Zooming in on the fundamentals.

As part of its analysis, ChartMill provides a comprehensive Fundamental Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various 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. These ratings would make AXON suitable for growth investing!

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

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. 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.