A Peek At What American Express Company (AXP) Insiders Are Doing

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American Express Company (NYSE:AXP) saw an upside of 0.86% to close Tuesday at $155.33 after adding $1.33 on the day. The 5-day average trading volume is 3,305,320 shares of the company’s common stock. It has gained $156.67 in the past week and touched a new high 3 times within the past 5 days. An average of 2,691,860 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,727,026.

AXP’s 1-month performance is 5.59% or $8.31 on its low of $143.94 reached on 12/28/22. The company’s shares have touched a 52-week low of $130.65 and high of $199.55, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, AXP has achieved 5.13% or $7.58 and has reached a new high 7 times. However, the current price is down -22.16% from the 52-week high price.

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Insider Transactions

AXP stock investors last saw insider trading activity on Dec 06.Buckminster Douglas E. (Vice Chairman) most recently sold 16,354 shares at $154.23 per share on Dec 06. This transaction cost the insider $2,522,263. Director, Leonsis Theodore, sold 4,005 shares at a price of $166.63 on Jun 03. Then, on Apr 28, Chairman and CEO Squeri Stephen J sold 48,160 shares at a price of $178.38 per share. This transaction amounted to $8,590,632.

Valuation Metrics

AXP stock has a beta of 1.15. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.18 while the price-to-book (PB) in the most recent quarter is 4.85, with the price to cash flow ratio at 7.86.

As well, the company’s long term debt to equity for the quarter ending September 29 was 1.77, while the total debt to equity was 6.16.. In terms of profitability, the gross margin trailing 12 months is 67.30%. The firm’s gross profit as reported stood at $7.75 billion against revenue of $9.03 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected AXP to announce $2.41 per share in earnings in its latest quarter, but it posted $2.47, representing a 2.50% surprise. Shareholders hold equity totaling $747.23 million.

Let’s look briefly at American Express Company (AXP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 60.13% to suggest the stock is trending Neutral, with historical volatility in this time period at 27.61%.

The stock’s 5-day moving average is $151.64, reflecting a +1.03% or $1.58 change from its current price. AXP is currently trading +6.90% above its 20-day SMA, +0.43% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.49% and SMA200 by-15.45%.

Stochastic %K and %D was 77.33% and 59.20% and the average true range (ATR) pointed at 3.92. The RSI (14) points at 57.30%, while the 14-day stochastic is at 89.25% with the period’s ATR at 3.87. The stock’s 9-day MACD Oscillator is pointing at 0.69 and 1.78 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for American Express Company (NYSE: AXP), Stephens downgraded it to an Underweight rating. They previously had an Equal-weight rating on the stock. Analysts offering their rating for AXP stock have a consensus rating for the stock as Overweight. Currently, 3 brokerage advisors rate AXP as a “sell,”, while 13 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 10 have offered a “buy” rating.

What is AXP’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $128.00 and a high of $201.00, with their median price target at $166.50. Looking at these predictions, the average price target given by analysts is for American Express Company (AXP) stock is $165.18.

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