Technicals Say AXIS Capital Holdings Limited (AXS) Is A Hold


AXIS Capital Holdings Limited (NYSE:AXS) finished Friday with an addition of $0.32 to close at $54.17, an upside of 0.59 percent. An average of 431,000 shares of common stock have been traded in the last five days. There was a gain of $0.17 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 446,205 shares traded, while the 50-day average volume stands at 529,068.

AXS stock has decreased by -5.89% in the last month. The company shares reached their 1-month lowest point of $53.32 on 12/29/22. With the stock rallying to its 52-week high on 04/01/22, shares of the company touched a low of $48.32 and a high of $61.39 in 52 weeks. It has reached a new high 17 times so far this year and lost -0.55% or -$0.30 in price. In spite of this, the price is down -11.76% from the 52-week high.

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Valuation Metrics

AXIS Capital Holdings Limited (AXS) has a trailing price-to-earnings (P/E) ratio of 13.25. The stock’s beta is 0.78. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.89, the price-to-book (PB) ratio at 1.21, and the price-to-cash flow ratio at 5.24.

The company has a payout ratio of 49.70%. The company’s most recent quarterly dividend payment was $0.44 a share, representing a up of 2.33% from $0.43 last year. Its latest increase dividend $0.01 reported on Thursday December 8 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 0.35 and a total debt to equity ratio of 0.35 for the quarter ending September 29.

Earnings Surprise

For the three-month period that ended September 29, AXIS Capital Holdings Limited had $1.31 billion in total debt. The company posted a net income of -$16.95 million in the quarter, while revenues of $27.22 million were grew 379.59%. The analyst consensus anticipated AXIS Capital Holdings Limited’s latest quarter earnings to come in at $0.12 per share, but it turned out to be $0.03, a -75.00% surprise. At the end of the quarter ending September 29, AXIS Capital Holdings Limited’s stock balance sheet showed total debt was $1.42 billion. Shareholders own equity worth $84.67 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at AXIS Capital Holdings Limited (AXS) price momentum. RSI 9-day as of the close on 30 December was 40.10%, suggesting the stock is Neutral, with historical volatility in this time frame at 17.18%.

As of today, AXS’s price is $54.26 +0.31% or $0.17 from its 5-day moving average. AXS is currently trading -4.90% lower than its 20-day SMA and +5.16% higher than its 100-day SMA. However, the stock’s current price level is +6.11% above the SMA50 and -0.13% below the SMA200.

The stochastic %K and %D were 10.97% and 13.54%, respectively, and the average true range (ATR) was 1.04. With the 14-day stochastic at 17.07% and the average true range at 1.08, the RSI (14) stands at 43.25%. The stock has reached -0.33 on the 9-day MACD Oscillator while the 14-day reading was at -1.06.

Analyst Ratings

Keefe Bruyette downgraded AXIS Capital Holdings Limited (NYSE: AXS) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform.


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