American Express Company (NYSE:AXP) saw an upside of 0.94% to close Monday at $166.96 after adding $1.55 on the day. The 5-day average trading volume is 2,114,340 shares of the company’s common stock. It has gained $169.80 in the past week and touched a new high 1 time within the past 5 days. An average of 3,026,410 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,034,558.
AXP’s 1-month performance is -1.67% or -$2.84 on its low of $163.17 reached on 07/27/23. The company’s shares have touched a 52-week low of $130.65 and high of $182.15, with the stock’s rally to the 52-week high happening on 02/14/23. YTD, AXP has achieved 13.00% or $19.21 and has reached a new high 14 times. However, the current price is down -8.34% from the 52-week high price.
Insider Transactions
AXP stock investors last saw insider trading activity on May 19.Herena Monique (Chief Colleague Experience Off) most recently sold 22,841 shares at $152.84 per share on May 19. This transaction cost the insider $3,491,018. President, U.S. Consumer Serv, Grosfield Howard, sold 5,456 shares at a price of $174.52 on Mar 08. Then, on Mar 02, Chief Colleague Experience Off Herena Monique sold 15,217 shares at a price of $173.18 per share. This transaction amounted to $2,635,280.
Valuation Metrics
AXP stock has a beta of 1.18. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.05 while the price-to-book (PB) in the most recent quarter is 4.63, with the price to cash flow ratio at 9.45.
. In terms of profitability, the gross margin trailing 12 months is 63.60%. The firm’s gross profit as reported stood at $9.89 billion against revenue of $12.66 billion.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Shareholders hold equity totaling $736.46 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 07 August was 44.33% to suggest the stock is trending Neutral, with historical volatility in this time period at 21.67%.
The stock’s 5-day moving average is $167.04, reflecting a -1.14% or -$1.92 change from its current price. AXP is currently trading -2.77% above its 20-day SMA, +1.86% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +10.77% and SMA200 by+14.36%.
Stochastic %K and %D was 19.79% and 22.50% and the average true range (ATR) pointed at 3.16. The RSI (14) points at 45.66%, while the 14-day stochastic is at 24.27% with the period’s ATR at 3.27. The stock’s 9-day MACD Oscillator is pointing at -0.50 and -2.28 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for American Express Company (NYSE: AXP), Piper Sandler downgraded it to an Underweight rating. They previously had a Neutral rating on the stock. Analysts offering their rating for AXP stock have a consensus rating for the stock as Overweight. Currently, 4 brokerage advisors rate AXP as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 12 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 $125.00 and a high of $220.00, with their median price target at $186.50. Looking at these predictions, the average price target given by analysts is for American Express Company (AXP) stock is $182.09.
