Axis Capital Holdings Ltd (NYSE: AXS) has seen a decline in its stock price by -1.44 in relation to its previous close of 79.34. However, the company has experienced a 2.50% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-19 that CINF, WRB and AXS are three insurance stocks poised to do well despite the Fed rate cut and are strong contenders for addition to one’s portfolio.
Is It Worth Investing in Axis Capital Holdings Ltd (NYSE: AXS) Right Now?
The price-to-earnings ratio for Axis Capital Holdings Ltd (NYSE: AXS) is above average at 10.77x. The 36-month beta value for AXS is also noteworthy at 0.90. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 7 rating it as “hold,” and 1 rating it as “sell.”
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The public float for AXS is 76.78M, and at present, short sellers hold a 1.54% of that float. The average trading volume of AXS on September 20, 2024 was 516.73K shares.
AXS’s Market Performance
AXS stock saw an increase of 2.50% in the past week, with a monthly gain of 4.90% and a quarterly increase of 9.16%. The volatility ratio for the week is 1.59%, and the volatility levels for the last 30 days are 1.62% for Axis Capital Holdings Ltd (AXS). The simple moving average for the last 20 days is 0.66% for AXS stock, with a simple moving average of 18.57% for the last 200 days.
Analysts’ Opinion of AXS
Many brokerage firms have already submitted their reports for AXS stocks, with Keefe Bruyette repeating the rating for AXS by listing it as a “Outperform.” The predicted price for AXS in the upcoming period, according to Keefe Bruyette is $66 based on the research report published on November 13, 2023 of the previous year 2023.
BofA Securities, on the other hand, stated in their research note that they expect to see AXS reach a price target of $68, previously predicting the price at $53. The rating they have provided for AXS stocks is “Buy” according to the report published on September 15th, 2023.
Goldman gave a rating of “Sell” to AXS, setting the target price at $51 in the report published on September 08th of the previous year.
AXS Trading at 4.46% from the 50-Day Moving Average
After a stumble in the market that brought AXS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.86% of loss for the given period.
Volatility was left at 1.62%, however, over the last 30 days, the volatility rate increased by 1.59%, as shares surge +3.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.49% upper at present.
During the last 5 trading sessions, AXS rose by +2.50%, which changed the moving average for the period of 200-days by +36.52% in comparison to the 20-day moving average, which settled at $77.81. In addition, Axis Capital Holdings Ltd saw 41.23% 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 AXS starting from SMITH HENRY B, who sale 7,217 shares at the price of $72.90 back on Jun 03 ’24. After this action, SMITH HENRY B now owns 48,019 shares of Axis Capital Holdings Ltd, valued at $526,119 using the latest closing price.
GALANSKI STANLEY A, the Director of Axis Capital Holdings Ltd, purchase 2,000 shares at $71.43 during a trade that took place back on May 28 ’24, which means that GALANSKI STANLEY A is holding 11,763 shares at $142,860 based on the most recent closing price.
Stock Fundamentals for AXS
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 1.0 for the gross margin
The net margin for Axis Capital Holdings Ltd stands at 0.11. The total capital return value is set at 0.04. Equity return is now at value 12.23, with 2.27 for asset returns.
Based on Axis Capital Holdings Ltd (AXS), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 1.03. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is 6.01.
Currently, EBITDA for the company is 4.16 million with net debt to EBITDA at -1.65. When we switch over and look at the enterprise to sales, we see a ratio of 1.1. The receivables turnover for the company is 0.54for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.67.
Conclusion
In summary, Axis Capital Holdings Ltd (AXS) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
