As of Friday close, Axalta Coating Systems Ltd.’s (NYSE:AXTA) stock was up $0.39, moving up 1.47 percent to $26.92. The average number of shares traded per day over the past five days has been 1,529,220 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.49 fall in that time frame. In the last twenty days, the average volume was 1,843,175, while in the previous 50 days, it was 2,271,302.
Since last month, AXTA stock retreated -3.86%. Shares of the company fell to $25.97 on 09/12/23, the lowest level in the past month. A 52-week high of $33.68 was reached on 07/13/23 after having rallying from a 52-week low of $20.66. Since the beginning of this year, AXTA’s stock price has risen by 5.69% or $1.45, and marked a new high 22 times. However, the stock has declined by -20.07% 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 10 days ago on Sep 13. Kissire Deborah J., the Director of the company, purchased of 400 shares for $26.58 on Sep 13. It resulted in a $10,632 investment by the insider. COOK WILLIAM M added 1,500 shares at an average price of $26.81 on Sep 12. The insider now owns 6,000 shares following the transaction. On Sep 06, Director Stein Kevin M bought 36,600 shares at $27.38 apiece. The transaction was valued at $1,002,108.
Valuation Metrics
Right now, Axalta Coating Systems Ltd. (AXTA) has a P/E ratio of about 26.26. The stock’s beta is 1.46. Besides these, the trailing price-to-sales (P/S) ratio of 1.17, the price-to-book (PB) ratio of 3.63, and the price-to-cash flow ratio of 23.49 may also be considered.
Financial Health
In the three months ended June 29, Axalta Coating Systems Ltd.’s quick ratio stood at 1.40, while its current ratio was 2.00, 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 June 29 was 2.15, and the total debt-to-equity ratio was 2.17. On the profitability front, the trailing twelve-month gross margin is 29.80% percent. In the year ended June 29, EBITDA margin amounted to 15.45%, whereas operating margins totaled 9.50%. 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 15.30%.
In Axalta Coating Systems Ltd.’s quarter-end financial report for June 29, it reported total debt of $3.53 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AXTA’s revenue rose 4.56% to $1.28 billion during the quarter, while net income inched up to $1.29 billion. While analysts expected Axalta Coating Systems Ltd. to report $0.38 quarterly earnings, the actual figure was $0.35 per share, beating the consensus estimate by -7.90%. During the quarter, the company generated $206.1 million in EBITDA. The liabilities of Axalta Coating Systems Ltd. were 5.35 billion at the end of its most recent quarter ended June 29, and its total debt was $3.57 billion. The value of shareholders’ equity is $221.7 million.
Technical Picture
This quick technical analysis looks at Axalta Coating Systems Ltd.’s (AXTA) price momentum. With a historical volatility rate of 16.97%, the RSI 9-day stood at 41.44% on 22 September.
With respect to its five-day moving average, the current Axalta Coating Systems Ltd. price is down by -1.79% percent or -$0.49. At present, AXTA shares trade -3.10% below its 20-day simple moving average and -14.81% percent below its 100-day simple moving average. However, the stock is currently trading approximately -19.30% below its SMA50 and +1.01% above its SMA200.
Stochastic coefficient K was 33.51% and Stochastic coefficient D was 37.45%, while ATR was 0.59. Given the Stochastic reading of 45.72% for the 14-day period, the RSI (14) reading has been calculated as 39.38%. As of today, the MACD Oscillator reading stands at -0.25, while the 14-day reading stands at -0.28.
Analyst Ratings
Citigroup launched its rating on Axalta Coating Systems Ltd. (NYSE: AXTA) to a Buy in a note to investors on June 14, 2023. Axalta Coating Systems Ltd. (AXTA) has been rated Overweight by analysts. According to 0 brokerage firms, AXTA is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Axalta Coating Systems Ltd. stock as buy, with 11 recommending it as overweight.
With a median target price of $35.00, the current consensus forecast for the stock is $29.00 – $38.00. Based on these forecasts, analysts predict Axalta Coating Systems Ltd. (AXTA) will achieve an average price target of $34.35.
