The stock of American Express Co. (AXP) has gone down by -2.55% for the week, with a -0.94% drop in the past month and a 19.97% rise in the past quarter. The volatility ratio for the week is 2.10%, and the volatility levels for the past 30 days are 1.68% for AXP. The simple moving average for the last 20 days is -2.28% for AXP’s stock, with a simple moving average of 21.91% for the last 200 days.
Is It Worth Investing in American Express Co. (NYSE: AXP) Right Now?
American Express Co. (NYSE: AXP) has a higher price-to-earnings ratio of 19.47x compared to its average ratio. AXP has 36-month beta value of 1.23. Analysts have mixed views 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 0.92% ratio of that float. The average trading volume of AXP on April 16, 2024 was 3.09M shares.
AXP) stock’s latest price update
The stock price of American Express Co. (NYSE: AXP) has jumped by 0.09 compared to previous close of 218.20. Despite this, the company has seen a fall of -2.55% in its stock price over the last five trading days. InvestorPlace reported 2024-04-15 that Investing in underrated stocks can offer a higher margin of safety. These stocks can weather economic uncertainty and stock market volatility better than many corporations.
Analysts’ Opinion of AXP
Many brokerage firms have already submitted their reports for AXP stocks, with Barclays repeating the rating for AXP by listing it as a “Equal Weight.” The predicted price for AXP in the upcoming period, according to Barclays is $221 based on the research report published on April 09, 2024 of the current year 2024.
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 0.06% 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 -5.74% of loss for the given period.
Volatility was left at 1.68%, however, over the last 30 days, the volatility rate increased by 2.10%, as shares sank -0.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.47% upper at present.
During the last 5 trading sessions, AXP fell by -2.55%, which changed the moving average for the period of 200-days by +28.64% in comparison to the 20-day moving average, which settled at $223.49. In addition, American Express Co. saw 16.58% 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 2.66. The receivables turnover for the company is 0.95for trailing twelve months and the total asset turnover is 0.23.
Conclusion
To put it simply, American Express Co. (AXP) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
