Analyzing Axalta Coating Systems Ltd. (AXTA) By Technical Indicators


As of Friday close, Axalta Coating Systems Ltd.’s (NYSE:AXTA) stock was down -$0.56, moving down -1.97 percent to $27.85. The average number of shares traded per day over the past five days has been 10,892,480 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.72 fall in that time frame. In the last twenty days, the average volume was 4,414,715, while in the previous 50 days, it was 3,201,940.

Since last month, AXTA stock retreated -5.75%. Shares of the company fell to $27.57 on 03/17/23, the lowest level in the past month. A 52-week high of $32.56 was reached on 03/06/23 after having rallying from a 52-week low of $20.66. Since the beginning of this year, AXTA’s stock price has risen by 9.34% or $2.38, and marked a new high 16 times. However, the stock has declined by -14.47% since its 52-week high.

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AXTA stock investors should be aware that Axalta Coating Systems Ltd. (AXTA) stock had its last reported insider trading activity 4 days ago on Mar 14. COOK WILLIAM M, the Director of the company, purchased of 2,500 shares for $29.55 on Mar 14. It resulted in a $73,875 investment by the insider. Villavarayan Chris added 34,440 shares at an average price of $29.20 on Mar 13. The insider now owns 34,440 shares following the transaction.

Valuation Metrics

Right now, Axalta Coating Systems Ltd. (AXTA) has a P/E ratio of about 32.27. The stock’s beta is 1.43. Besides these, the trailing price-to-sales (P/S) ratio of 1.28, the price-to-book (PB) ratio of 4.23, and the price-to-cash flow ratio of 43.75 may also be considered.

Financial Health

In the three months ended December 30, Axalta Coating Systems Ltd.’s quick ratio stood at 1.30, while its current ratio was 1.90, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 2.53, and the total debt-to-equity ratio was 2.55. On the profitability front, the trailing twelve-month gross margin is 29.00% percent. In the year ended December 30, operating margins totaled 8.40%. Based on annual data, AXTA earned $1.42 billion in gross profit and brought in $4.88 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.70%. Return on equity (ROE) for the past 12 months was 14.10%.

In Axalta Coating Systems Ltd.’s quarter-end financial report for December 30, it reported total debt of $3.67 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. AXTA’s revenue rose 8.05% to $1.24 billion during the quarter, while net income inched up to $1.24 billion. While analysts expected Axalta Coating Systems Ltd. to report $0.35 quarterly earnings, the actual figure was $0.38 per share, beating the consensus estimate by 8.60%. During the quarter, the company generated $185.8 million in EBITDA. The liabilities of Axalta Coating Systems Ltd. were 5.56 billion at the end of its most recent quarter ended December 30, and its total debt was $3.81 billion. The value of shareholders’ equity is $221.05 million.

Technical Picture

This quick technical analysis looks at Axalta Coating Systems Ltd.’s (AXTA) price momentum. With a historical volatility rate of 37.13%, the RSI 9-day stood at 34.28% on 17 March.

With respect to its five-day moving average, the current Axalta Coating Systems Ltd. price is down by -5.82% percent or -$1.72. At present, AXTA shares trade -3.87% below its 20-day simple moving average and +18.21% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.37% above its SMA50 and +2.54% above its SMA200.

Stochastic coefficient K was 8.67% and Stochastic coefficient D was 14.55%, while ATR was 0.95. Given the Stochastic reading of 5.61% for the 14-day period, the RSI (14) reading has been calculated as 39.54%. As of today, the MACD Oscillator reading stands at -1.32, while the 14-day reading stands at -1.75.


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