In the past week, AXP stock has gone down by -3.17%, with a monthly decline of -2.24% and a quarterly surge of 15.41%. The volatility ratio for the week is 1.83%, and the volatility levels for the last 30 days are 1.54% for American Express Co. The simple moving average for the last 20 days is -2.56% for AXP’s stock, with a simple moving average of 22.59% for the last 200 days.
Is It Worth Investing in American Express Co. (NYSE: AXP) Right Now?
The price-to-earnings ratio for American Express Co. (NYSE: AXP) is 19.47x, which is above its average ratio. Moreover, the 36-month beta value for AXP is 1.23. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 6 as “overweight,” 16 as “hold,” and 2 as “sell.”
The public float for AXP is 722.90M and currently, short sellers hold a 1.05% of that float. On April 09, 2024, AXP’s average trading volume was 3.08M shares.
AXP) stock’s latest price update
American Express Co. (NYSE: AXP) has experienced a decline in its stock price by -2.56 compared to its previous closing price of 224.11. However, the company has seen a fall of -3.17% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-09 that The Zacks Focus List offers investors a way to easily find top-rated stocks and build a winning investment portfolio. Here’s why you should take advantage.
Analysts’ Opinion of AXP
Monness Crespi & Hardt, on the other hand, stated in their research note that they expect to see AXP reach a price target of $245. The rating they have provided for AXP stocks is “Buy” according to the report published on April 05th, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to AXP, setting the target price at $222 in the report published on February 08th of the current year.
AXP Trading at 0.67% from the 50-Day Moving Average
After a stumble in the market that brought AXP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.75% of loss for the given period.
Volatility was left at 1.54%, however, over the last 30 days, the volatility rate increased by 1.83%, as shares sank -0.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.37% upper at present.
During the last 5 trading sessions, AXP fell by -3.21%, which changed the moving average for the period of 200-days by +29.74% in comparison to the 20-day moving average, which settled at $224.01. In addition, American Express Co. saw 16.57% 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 AXP starting from Marquez Rafael, who sale 7,900 shares at the price of $219.08 back on Feb 29 ’24. After this action, Marquez Rafael now owns 13,524 shares of American Express Co., valued at $1,730,732 using the latest closing price.
Joabar Raymond, the Grp. Pres., GMNS of American Express Co., sale 8,625 shares at $213.04 during a trade that took place back on Feb 20 ’24, which means that Joabar Raymond is holding 12,687 shares at $1,837,470 based on the most recent closing price.
Stock Fundamentals for AXP
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.57 for the gross margin
The net margin for American Express Co. stands at 0.14. The total capital return value is set at 0.05. Equity return is now at value 31.50, with 3.38 for asset returns.
Based on American Express Co. (AXP), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at 0.38. The debt to equity ratio resting at 1.75. The interest coverage ratio of the stock is 1.69.
Currently, EBITDA for the company is 12.16 billion with net debt to EBITDA at 0.21. When we switch over and look at the enterprise to sales, we see a ratio of 2.67. The receivables turnover for the company is 0.95for trailing twelve months and the total asset turnover is 0.23.
Conclusion
To wrap up, the performance of American Express Co. (AXP) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
