Summary

• Axon Enterprise (AXON) shows strong technical buy signals, with a 6.01% gain since Trend Seeker's buy signal on 1/29 and a 150.78% gain in the last year.

• The company, known for TASER devices and cloud-based software for law enforcement, has a market cap of $51.80 billion and a P/E ratio of 375.27.

• Wall Street analysts are bullish with 10 strong buys, 7 buys, and 1 hold, while Value Line targets a 10% gain, and MorningStar sees it as 67% overvalued.

• AXON's revenue and earnings are expected to grow significantly, with revenue up 32.70% this year and earnings increasing 26.48%, driven by high demand for its products.

The Chart of the Day belongs to the aerospace & defense company Axon Enterprise (AXON) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 1/29 the stock gained 6.01%.

AXON Price vs Daily Moving Averages:

AXON (Barchart)

Axon Enterprise, Inc. develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, Software and Sensors, and TASER. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence. Its products include axon officer safety plan; taser 10, taser7, taser X26P, taser X2, taser 7 CQ, and civilian series; cameras, such as axon body, axon flex, axon fleet, axon air, axon signal sidearm, axon signal vehicle, axon interview, and axon interview portable kit; software, including axon records, evidence, standards, commander, performance, auto-transcribe, justice, investigate, respond, and justice, my90, and redaction assistant; mobile applications, and training services, as well as hardware extended warranties; and Axon docks, cartridges, and batteries. The company sells its products through its direct sales, distribution partners, online store, and third-party resellers. Axon Enterprise, Inc. has a strategic partnership with Fusus, Inc. to expand bility to aggregate live video, data, and sensor feeds. It serves law enforcement, federal, correction, fire, EMS, campus, justice healthcare, retail, private security, and personal safety industries. The company was formerly known as TASER International, Inc. and changed its name to Axon Enterprise, Inc. in April 2017. Axon Enterprise, Inc. was incorporated in 1993 and is headquartered in Scottsdale, Arizona. 

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

• 100% technical buy signals
• 111.18+ Weighted Alpha
• 150.78% gain in the last year
• 1.05 - 60 month Beta
• Trend Seeker buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 19.22% in the last month
• Relative Strength Index 72.04%
• Technical support level at $674.93
• Recently traded at $671.39 with 50 day moving average of $627.35

Fundamental Factors:

• Market Cap $51.80 billion
• P/E 375.27
• Revenue expected to grow 32.70% this year and another 23.15% next year
• Earnings estimated to increase 26.48% this year and an additional 20.41% next year

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street analysts issued 10 strong buy,7 buy and 1 hold opinion on the stock
• Their price targets between $385 and $800 with a consensus of $626
• Value Line rates the stock above average with a price target of $750 for a 10% gain and comments:" Axon Enterprise's growth continues to impress. This year, the top line has been expanding at a 30%-plus year-over-year rate. The company is reporting higher demand for its TASER electronic-subjugation devices (with virtual-reality training), body and mobile cameras, and cloud-based artificial intelligence-assisted evidence management from local, state, and federal law enforcement agencies."
• CFRAs MarketScope rates the stock a sell

• MorningStar thinks the stock is 67% over valued

• There are 4,254 investors following the stock on Motley Fool and 3,716 think the stock will outperform the Market while 538 feel it won't

• 41,140 investors monitor the stock on Seeking Alpha

Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.

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