Axos Financial Inc. (NYSE: AX) has a price-to-earnings ratio that is above its average at 8.18x. The stock has a 36-month beta value of 1.43. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for AX is 51.28M, and at present, short sellers hold a 12.37% of that float. On May 02, 2024, the average trading volume of AX was 524.88K shares.
AX) stock’s latest price update
The stock price of Axos Financial Inc. (NYSE: AX) has surged by 9.66 when compared to previous closing price of 50.61, but the company has seen a 5.07% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-30 that Axos Financial, Inc. (NYSE:AX ) Q3 2024 Earnings Conference Call April 30, 2024 5:00 PM ET Company Participants Johnny Lai – SVP, Corporate Development and IR Greg Garrabrants – President and CEO Derrick Walsh – EVP and CFO Conference Call Participants Eric Spector – Raymond James Andrew Liesch – Piper Sandler Kelly Mota – KBW Edward Hemmelgarn – Shaker Investments Gary Tenner – D.A. Davidson Operator Hello, and welcome to the Axos Financial, Inc. Third Quarter 2024 Earnings Call and Webcast.
AX’s Market Performance
AX’s stock has risen by 5.07% in the past week, with a monthly rise of 7.14% and a quarterly rise of 0.13%. The volatility ratio for the week is 3.76% while the volatility levels for the last 30 days are 2.91% for Axos Financial Inc. The simple moving average for the last 20 days is 9.22% for AX stock, with a simple moving average of 19.91% for the last 200 days.
Analysts’ Opinion of AX
Many brokerage firms have already submitted their reports for AX stocks, with Raymond James repeating the rating for AX by listing it as a “Outperform.” The predicted price for AX in the upcoming period, according to Raymond James is $55 based on the research report published on February 21, 2023 of the previous year 2023.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see AX reach a price target of $56, previously predicting the price at $52. The rating they have provided for AX stocks is “Outperform” according to the report published on July 11th, 2022.
AX Trading at 8.20% from the 50-Day Moving Average
After a stumble in the market that brought AX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.50% of loss for the given period.
Volatility was left at 2.91%, however, over the last 30 days, the volatility rate increased by 3.76%, as shares surge +8.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.46% upper at present.
During the last 5 trading sessions, AX rose by +5.07%, which changed the moving average for the period of 200-days by +28.44% in comparison to the 20-day moving average, which settled at $51.03. In addition, Axos Financial Inc. saw 1.65% 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 AX starting from Wardell-Smith Sara, who purchase 5,000 shares at the price of $49.75 back on Mar 15 ’24. After this action, Wardell-Smith Sara now owns 5,000 shares of Axos Financial Inc., valued at $248,750 using the latest closing price.
Micheletti Andrew J, the EVP, Finance of Axos Financial Inc., sale 13,000 shares at $51.16 during a trade that took place back on Mar 13 ’24, which means that Micheletti Andrew J is holding 39,000 shares at $665,080 based on the most recent closing price.
Stock Fundamentals for AX
Current profitability levels for the company are sitting at:
- 0.77 for the present operating margin
- 1.0 for the gross margin
The net margin for Axos Financial Inc. stands at 0.3. The total capital return value is set at 0.05. Equity return is now at value 20.78, with 1.99 for asset returns.
Currently, EBITDA for the company is 455.13 million with net debt to EBITDA at -1.88. When we switch over and look at the enterprise to sales, we see a ratio of 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.32.
Conclusion
To sum up, Axos Financial Inc. (AX) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
