AXON ENTERPRISE INC (NASDAQ:AXON) – A Strong Growth Stock with Technical Breakout Potential

AXON ENTERPRISE INC (NASDAQ:AXON) was identified by our screener as a strong growth stock with a favorable technical setup. The company, known for its public safety technology solutions, combines solid fundamental growth metrics with a bullish chart pattern, making it an interesting candidate for investors seeking growth opportunities.

Why AXON Stands Out as a Growth Stock

• Strong Revenue & Earnings Growth: AXON has demonstrated impressive growth, with revenue increasing by 59.79% over the past year and earnings per share (EPS) growing by 39.55%. The company’s long-term revenue growth averages 31.44% annually.
• High Growth Rating (8/10): The company’s growth prospects are well above average, supported by expectations of continued EPS expansion at 15.98% annually.
• Profitability & Financial Health: While valuation remains high, AXON maintains a solid Profit Margin (17.31%), outperforming 96.97% of its industry peers. Its financial health is stable, with a Current Ratio of 2.83, indicating good short-term liquidity.

Technical Setup Suggests Upside Potential

• Bullish Trend: Both short-term and long-term trends are positive, with the stock trading near its 52-week high.
• Bull Flag Pattern: The recent price consolidation after a strong upward move suggests potential for another breakout.
• Support & Resistance Levels: Key support lies around $760.97–$777.31, while resistance is near $791.86. A breakout above resistance could signal further gains.
• Strong Relative Strength: AXON outperforms 97% of stocks over the past year and 87% of its Aerospace & Defense industry peers.

For a deeper dive into AXON’s fundamentals, check the full fundamental report. The technical analysis report provides additional insights into the stock’s chart patterns.

Our Strong Growth Stocks with Good Technical Setup Ratings screener lists more stocks with similar characteristics and is updated daily.

Disclaimer

This is not investment advice. The observations here are based on current data, but market conditions can change. Always conduct your own research before making investment decisions.