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.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our 5 Best Growth Stocks To Own For 2023.
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.
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.
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.
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.
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.