The stock of American Express Co. (AXP) has gone up by 2.54% for the week, with a 4.93% rise in the past month and a 18.95% rise in the past quarter. The volatility ratio for the week is 1.48%, and the volatility levels for the past 30 days are 2.00% for AXP. The simple moving average for the last 20 days is 6.03% for AXP stock, with a simple moving average of 31.32% 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 19.68x compared to its average ratio, The 36-month beta value for AXP is at 1.21. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 6 rating it as “overweight,” 16 as “hold,” and 2 as “sell.”
The public float for AXP is 718.40M, and currently, shorts hold a 0.89% of that float. The average trading volume for AXP on April 30, 2024 was 3.10M shares.
AXP) stock’s latest price update
The stock price of American Express Co. (NYSE: AXP) has surged by 1.39 when compared to previous closing price of 235.64, but the company has seen a 2.54% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-29 that Investors looking for stocks in the Financial – Miscellaneous Services sector might want to consider either American Express (AXP) or Brookfield Asset Management (BAM). But which of these two stocks offers value investors a better bang for their buck right now?
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 7.49% 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 -0.68% of loss for the given period.
Volatility was left at 2.00%, however, over the last 30 days, the volatility rate increased by 1.48%, as shares surge +4.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.42% upper at present.
During the last 5 trading sessions, AXP rose by +2.54%, which changed the moving average for the period of 200-days by +37.12% in comparison to the 20-day moving average, which settled at $225.90. In addition, American Express Co. saw 27.53% 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 Squeri Stephen J, who sale 38,873 shares at the price of $238.63 back on Apr 23 ’24. After this action, Squeri Stephen J now owns 76,310 shares of American Express Co., valued at $9,276,392 using the latest closing price.
Marquez Rafael, the President, International Card of American Express Co., sale 7,900 shares at $219.08 during a trade that took place back on Feb 29 ’24, which means that Marquez Rafael is holding 13,524 shares at $1,730,732 based on the most recent closing price.
Stock Fundamentals for AXP
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.59 for the gross margin
The net margin for American Express Co. stands at 0.14. The total capital return value is set at 0.11. Equity return is now at value 32.61, with 3.53 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 0.48. The debt to equity ratio resting at 1.76. The interest coverage ratio of the stock is 1.8.
Currently, EBITDA for the company is 12.16 billion with net debt to EBITDA at -0.25. When we switch over and look at the enterprise to sales, we see a ratio of 2.63. The receivables turnover for the company is 1.07for trailing twelve months and the total asset turnover is 0.24.
Conclusion
In conclusion, American Express Co. (AXP) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
