American Express Co (NYSE: AXP)’s stock price has soared by 0.12 in relation to previous closing price of 305.21. Nevertheless, the company has seen a gain of 7.01% in its stock price over the last five trading days. fool.com reported 2024-11-26 that Apple is well known as Warren Buffett’s largest investment at Berkshire Hathaway. It has netted shareholders over $100 billion in gains, making it one of the most successful investments ever.
Is It Worth Investing in American Express Co (NYSE: AXP) Right Now?
The price-to-earnings ratio for American Express Co (NYSE: AXP) is above average at 22.48x. The 36-month beta value for AXP is also noteworthy at 1.23. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 6 rating it as “overweight,” 16 rating it as “hold,” and 3 rating it as “sell.”
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The public float for AXP is 703.51M, and at present, short sellers hold a 1.12% of that float. The average trading volume of AXP on November 27, 2024 was 2.72M shares.
AXP’s Market Performance
AXP’s stock has seen a 7.01% increase for the week, with a 12.56% rise in the past month and a 18.86% gain in the past quarter. The volatility ratio for the week is 1.87%, and the volatility levels for the past 30 days are at 1.76% for American Express Co The simple moving average for the last 20 days is 6.46% for AXP’s stock, with a simple moving average of 24.64% for the last 200 days.
Analysts’ Opinion of AXP
Many brokerage firms have already submitted their reports for AXP stocks, with Monness Crespi & Hardt repeating the rating for AXP by listing it as a “Buy.” The predicted price for AXP in the upcoming period, according to Monness Crespi & Hardt is $300 based on the research report published on October 14, 2024 of the current year 2024.
HSBC Securities, on the other hand, stated in their research note that they expect to see AXP reach a price target of $270, previously predicting the price at $265. The rating they have provided for AXP stocks is “Hold” according to the report published on October 08th, 2024.
BTIG Research gave a rating of “Sell” to AXP, setting the target price at $230 in the report published on October 08th of the current year.
AXP Trading at 10.02% 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 -0.08% of loss for the given period.
Volatility was left at 1.76%, however, over the last 30 days, the volatility rate increased by 1.87%, as shares surge +12.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.14% upper at present.
During the last 5 trading sessions, AXP rose by +7.01%, which changed the moving average for the period of 200-days by +43.96% in comparison to the 20-day moving average, which settled at $287.04. In addition, American Express Co saw 63.11% 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 170,632 shares at the price of $286.57 back on Nov 07 ’24. After this action, Squeri Stephen J now owns 92,810 shares of American Express Co, valued at $48,897,715 using the latest closing price.
Herena Monique, the Chief Colleague Experience Off of American Express Co, sale 1,300 shares at $287.70 during a trade that took place back on Nov 07 ’24, which means that Herena Monique is holding 12,695 shares at $374,010 based on the most recent closing price.
Stock Fundamentals for AXP
Current profitability levels for the company are sitting at:
- 0.25 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 0.14. Equity return is now at value 34.43, with 3.77 for asset returns.
Based on American Express Co (AXP), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 1.85. The interest coverage ratio of the stock is 2.08.
Currently, EBITDA for the company is 14.33 billion with net debt to EBITDA at 0.44. When we switch over and look at the enterprise to sales, we see a ratio of 3.24. The receivables turnover for the company is 1.17for trailing twelve months and the total asset turnover is 0.25.
Conclusion
In summary, American Express Co (AXP) has had a better performance as of late. Analysts have bullish 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.
