Axalta Coating Systems Ltd. (NYSE:AXTA) saw a downside of -1.26% to close Tuesday at $27.53 after subtracting -$0.35 on the day. The 5-day average trading volume is 2,910,700 shares of the company’s common stock. It has gained $27.97 in the past week and touched a new high 2 times within the past 5 days. An average of 2,223,430 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,890,144.
AXTA’s 1-month performance is 6.54% or $1.86 on its low of $25.19 reached on 12/30/22. The company’s shares have touched a 52-week low of $20.66 and high of $30.31, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, AXTA has achieved 8.09% or $2.06 and has reached a new high 7 times. However, the current price is down -9.17% from the 52-week high price.
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AXTA stock has a beta of 1.39. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.21 while the price-to-book (PB) in the most recent quarter is 4.77, with the price to cash flow ratio at 31.01.
Axalta Coating Systems Ltd.’s quick ratio for the period ended September 29 was 1.40, with the current ratio over the same period at 2.00. As well, the company’s long term debt to equity for the quarter ending September 29 was 2.88, while the total debt to equity was 2.93.. In terms of profitability, the gross margin trailing 12 months is 28.80%. The firm’s gross profit as reported stood at $1.43 billion against revenue of $4.42 billion.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -10.74% to $62.4 million, while revenue of $44.1 million was 29.33% off the previous quarter. Analysts expected AXTA to announce $0.39 per share in earnings in its latest quarter, but it posted $0.39, representing a 0.00% surprise. EBITDA for the quarter stood at more than $200.4 million. AXTA stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 5.5 billion, with total debt at $3.73 billion. Shareholders hold equity totaling $220.61 million.
Let’s look briefly at Axalta Coating Systems Ltd. (AXTA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 58.67% to suggest the stock is trending Neutral, with historical volatility in this time period at 37.00%.
The stock’s 5-day moving average is $27.19, reflecting a +1.93% or $0.52 change from its current price. AXTA is currently trading +7.62% above its 20-day SMA, +8.13% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +14.14% and SMA200 by+12.05%.
Stochastic %K and %D was 85.54% and 71.04% and the average true range (ATR) pointed at 0.76. The RSI (14) points at 57.96%, while the 14-day stochastic is at 82.46% with the period’s ATR at 0.74. The stock’s 9-day MACD Oscillator is pointing at 0.35 and 0.67 on the 14-day charts.
In the most recent analyst report for Axalta Coating Systems Ltd. (NYSE: AXTA), Exane BNP Paribas downgraded it to a Neutral rating. They previously had an Outperform rating on the stock. Analysts offering their rating for AXTA stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate AXTA as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 9 have offered a “buy” rating.
What is AXTA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $20.00 and a high of $34.00, with their median price target at $30.00. Looking at these predictions, the average price target given by analysts is for Axalta Coating Systems Ltd. (AXTA) stock is $28.51.