Axon Enterprise: KDJ Golden Cross and Bullish Marubozu on 15-minute chart.

Axon Enterprise's 15-minute chart recently exhibited a notable technical indicator, known as the KDJ Golden Cross, which occurred on October 3rd at 2:30 PM. This crossover event, combined with the appearance of a Bullish Marubozu candlestick pattern, suggests that the momentum of the stock price is shifting towards the upside. As a result, there is potential for further upward movement, as the buyers currently hold control of the market. This bullish momentum is likely to continue, indicating a positive outlook for the company's stock.

Axon Enterprise (AXON) has been exhibiting strong bullish signals on its 15-minute chart, with a notable crossover event known as the KDJ Golden Cross occurring on October 3rd at 2:30 PM. This event, combined with the appearance of a Bullish Marubozu candlestick pattern, suggests a shift in the stock's momentum towards the upside. The presence of these technical indicators signals a potential for further upward movement, with buyers currently holding control of the market. This bullish momentum is likely to continue, indicating a positive outlook for the company's stock.

In the latest trading session, Axon Enterprise closed at $720.53, marking a +1.29% move from the previous day Axon Enterprise (AXON) Beats Stock Market Upswing: What Investors Need to Know^[1]. The stock exceeded the S&P 500, which registered a gain of 0.06% for the day. Elsewhere, the Dow gained 0.17%, while the tech-heavy Nasdaq added 0.39%. Over the past month, shares of the maker of stun guns and body cameras have depreciated by 1.92%, underperforming the Aerospace sector's gain of 4.81% and the S&P 500's gain of 3.94%.

The investment community will be closely monitoring Axon Enterprise's upcoming earnings release. It is anticipated that the company will report an EPS of $1.63, marking a 12.41% rise compared to the same quarter of the previous year. Additionally, the consensus estimate is calling for revenue of $699.57 million, up 28.53% from the prior-year quarter. For the entire year, the Zacks Consensus Estimates forecast earnings of $6.91 per share and revenue of $2.72 billion, indicating changes of +16.33% and +30.33%, respectively, compared to the previous year.

Axon Enterprise currently has a Zacks Rank of #3 (Hold). The company's Forward P/E ratio stands at 103.01, which is a premium compared to the industry average of 33.71. The stock also trades at a PEG ratio of 3.61, higher than the industry average of 2.33. The Aerospace - Defense Equipment industry, which includes Axon Enterprise, ranks in the top 14% of all industries based on the Zacks Industry Rank.

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