Axalta Coating Systems Ltd. (NYSE: AXTA)’s stock price has increased by 2.12 compared to its previous closing price of 27.82. Despite this, the company has seen a loss of -5.39% in its stock price over the last five trading days. Barron’s reported on 06/01/21 that A Pandemic Recovery Stock Play With Inflation Protection Built In
Is It Worth Investing in Axalta Coating Systems Ltd. (NYSE: AXTA) Right Now?
The price-to-earnings ratio for Axalta Coating Systems Ltd. (NYSE: AXTA) is above average at 32.92x. The 36-month beta value for AXTA is also noteworthy at 1.43.
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The average price estimated by analysts for AXTA is $31.79, which is $3.81 above than the current price. The public float for AXTA is 219.07M, and at present, short sellers hold a 2.93% of that float. The average trading volume of AXTA on March 17, 2023 was 2.25M shares.
AXTA’s Market Performance
The stock of Axalta Coating Systems Ltd. (AXTA) has seen a -5.39% decrease in the past week, with a -3.47% drop in the past month, and a 6.36% gain in the past quarter. The volatility ratio for the week is 3.21%, and the volatility levels for the past 30 days are at 2.76% for AXTA. The simple moving average for the last 20 days is -4.23% for AXTA stock, with a simple moving average of 10.36% for the last 200 days.
Analysts’ Opinion of AXTA
Many brokerage firms have already submitted their reports for AXTA stocks, with RBC Capital Mkts repeating the rating for AXTA by listing it as a “Outperform.” The predicted price for AXTA in the upcoming period, according to RBC Capital Mkts is $36 based on the research report published on February 17th of the current year 2023.
Deutsche Bank, on the other hand, stated in their research note that they expect to see AXTA reach a price target of $40, previously predicting the price at $25. The rating they have provided for AXTA stocks is “Buy” according to the report published on January 30th, 2023.
Citigroup gave a rating of “Buy” to AXTA, setting the target price at $35.19 in the report published on January 30th of the current year.
AXTA Trading at -1.27% from the 50-Day Moving Average
After a stumble in the market that brought AXTA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.75% of loss for the given period.
Volatility was left at 2.76%, however, over the last 30 days, the volatility rate increased by 3.21%, as shares sank -3.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.85% upper at present.
During the last 5 trading sessions, AXTA fell by -5.39%, which changed the moving average for the period of 200-days by +2.19% in comparison to the 20-day moving average, which settled at $29.61. In addition, Axalta Coating Systems Ltd. saw 11.54% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AXTA starting from COOK WILLIAM M, who purchase 2,500 shares at the price of $29.55 back on Mar 14. After this action, COOK WILLIAM M now owns 4,500 shares of Axalta Coating Systems Ltd., valued at $73,875 using the latest closing price.
Villavarayan Chris, the CEO & President of Axalta Coating Systems Ltd., purchase 34,440 shares at $29.20 during a trade that took place back on Mar 13, which means that Villavarayan Chris is holding 34,440 shares at $1,005,648 based on the most recent closing price.
Stock Fundamentals for AXTA
Current profitability levels for the company are sitting at:
- +9.24 for the present operating margin
- +26.57 for the gross margin
The net margin for Axalta Coating Systems Ltd. stands at +3.92. Equity return is now at value 14.10, with 2.70 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.94.
Conclusion
In summary, Axalta Coating Systems Ltd. (AXTA) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
