Axalta Coating Systems Ltd (NYSE: AXTA) has experienced a decline in its stock price by -1.50 compared to its previous closing price of 41.29. However, the company has seen a gain of 4.77% in its stock price over the last five trading days. globenewswire.com reported 2024-11-22 that PHILADELPHIA, Nov. 22, 2024 (GLOBE NEWSWIRE) — Axalta (NYSE: AXTA), a leading global coatings company, has won a 2024 R&D 100 Award in the Mechanical and Materials category. Axalta’s Primerless Consolidated Coating System is used in a streamlined, consolidated automotive paint process that delivers superior color capability, especially for glamorous and difficult to create colors. The coating system, together with this consolidated process, provides sustainability and productivity to automotive paint shops.
Is It Worth Investing in Axalta Coating Systems Ltd (NYSE: AXTA) Right Now?
Axalta Coating Systems Ltd (NYSE: AXTA) has a price-to-earnings ratio that is above its average at 27.43x. The stock has a 36-month beta value of 1.45. Opinions on the stock are mixed, with 9 analysts rating it as a “buy,” 6 as “overweight,” 7 as “hold,” and 0 as “sell.”
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The public float for AXTA is 217.22M, and at present, short sellers hold a 2.44% of that float. On November 27, 2024, the average trading volume of AXTA was 1.99M shares.
AXTA’s Market Performance
AXTA’s stock has seen a 4.77% increase for the week, with a 14.27% rise in the past month and a 14.47% gain in the past quarter. The volatility ratio for the week is 1.84%, and the volatility levels for the past 30 days are at 1.97% for Axalta Coating Systems Ltd. The simple moving average for the past 20 days is 2.81% for AXTA’s stock, with a 16.29% simple moving average for the past 200 days.
Analysts’ Opinion of AXTA
Many brokerage firms have already submitted their reports for AXTA stocks, with Evercore ISI repeating the rating for AXTA by listing it as a “Outperform.” The predicted price for AXTA in the upcoming period, according to Evercore ISI is $47 based on the research report published on November 13, 2024 of the current year 2024.
UBS gave a rating of “Neutral” to AXTA, setting the target price at $36 in the report published on January 08th of the current year.
AXTA Trading at 8.41% from the 50-Day Moving Average
After a stumble in the market that brought AXTA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.36% of loss for the given period.
Volatility was left at 1.97%, however, over the last 30 days, the volatility rate increased by 1.84%, as shares surge +14.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.92% upper at present.
During the last 5 trading sessions, AXTA rose by +4.77%, which changed the moving average for the period of 200-days by +29.19% in comparison to the 20-day moving average, which settled at $39.56. In addition, Axalta Coating Systems Ltd saw 19.72% 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 AXTA starting from Awada Hadi, who sale 10,500 shares at the price of $31.99 back on Dec 04 ’23. After this action, Awada Hadi now owns 14,656 shares of Axalta Coating Systems Ltd, valued at $335,895 using the latest closing price.
Stock Fundamentals for AXTA
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.33 for the gross margin
The net margin for Axalta Coating Systems Ltd stands at 0.06. The total capital return value is set at 0.11. Equity return is now at value 18.64, with 4.51 for asset returns.
Based on Axalta Coating Systems Ltd (AXTA), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 1.85. The interest coverage ratio of the stock is 3.19.
Currently, EBITDA for the company is 857.3 million with net debt to EBITDA at 2.89. When we switch over and look at the enterprise to sales, we see a ratio of 2.25. The receivables turnover for the company is 4.05for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.00.
Conclusion
To sum up, Axalta Coating Systems Ltd (AXTA) 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.
