As of Friday close, American Express Company’s (NYSE:AXP) stock was down -$1.63, moving down -1.05 percent to $153.08. The average number of shares traded per day over the past five days has been 2,341,380 shares. 1 time new highs have been achieved over the past 5 days, with a -$10.67 fall in that time frame. In the last twenty days, the average volume was 2,931,535, while in the previous 50 days, it was 2,828,342.
Since last month, AXP stock retreated -3.99%. Shares of the company fell to $152.92 on 09/22/23, the lowest level in the past month. A 52-week high of $182.15 was reached on 02/14/23 after having rallying from a 52-week low of $130.65. Since the beginning of this year, AXP’s stock price has risen by 3.61% or $5.33, and marked a new high 14 times. However, the stock has declined by -15.96% since its 52-week high.
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AXP stock investors should be aware that American Express Company (AXP) stock had its last reported insider trading activity 127 days ago on May 19. Herena Monique, the Chief Colleague Experience Off of the company, disposed of 22,841 shares for $152.84 on May 19. It resulted in a $3,491,018 divestment by the insider. Grosfield Howard sold 5,456 shares at an average price of $174.52 on Mar 08. The insider now owns 7,045 shares following the transaction. On Mar 02, Chief Colleague Experience Off Herena Monique sold 15,217 shares at $173.18 apiece. The transaction was valued at $2,635,280.
Valuation Metrics
Right now, American Express Company (AXP) has a P/E ratio of about 15.57. The stock’s beta is 1.18. Besides these, the trailing price-to-sales (P/S) ratio of 1.84, the price-to-book (PB) ratio of 4.24, and the price-to-cash flow ratio of 7.53 may also be considered.
The latest dividend of $0.60 per share was paid out, remained unchanged from last year’s $0.60. On Wednesday March 8 2023, a $0.08 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 30 was 1.75, and the total debt-to-equity ratio was 6.41. On the profitability front, the trailing twelve-month gross margin is 63.60% percent. In the year ended June 30, operating margins totaled 15.30%. Based on annual data, AXP earned $9.89 billion in gross profit and brought in $12.66 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 4.20%. Return on equity (ROE) for the past 12 months was 29.00%.
In American Express Company’s quarter-end financial report for June 30, it reported total debt of $46.73 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected American Express Company to report $2.81 quarterly earnings, the actual figure was $2.89 per share, beating the consensus estimate by 2.80%. The value of shareholders’ equity is $736.46 million.
Technical Picture
This quick technical analysis looks at American Express Company’s (AXP) price momentum. With a historical volatility rate of 20.66%, the RSI 9-day stood at 29.29% on 22 September.
With respect to its five-day moving average, the current American Express Company price is down by -6.52% percent or -$10.67. At present, AXP shares trade -2.98% below its 20-day simple moving average and -3.92% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.14% below its SMA50 and -1.92% below its SMA200.
Stochastic coefficient K was 6.06% and Stochastic coefficient D was 19.06%, while ATR was 2.55. Given the Stochastic reading of 1.40% for the 14-day period, the RSI (14) reading has been calculated as 33.56%. As of today, the MACD Oscillator reading stands at -3.57, while the 14-day reading stands at -3.37.
Analyst Ratings
RBC Capital Mkts upgraded its rating on American Express Company (NYSE: AXP) to an Outperform in a note to investors on September 05, 2023. The analysts firm previously had a Sector perform rating on the stock.American Express Company (AXP) has been rated Overweight by analysts. According to 4 brokerage firms, AXP is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate American Express Company stock as buy, with 13 recommending it as overweight.
With a median target price of $188.00, the current consensus forecast for the stock is $125.00 – $220.00. Based on these forecasts, analysts predict American Express Company (AXP) will achieve an average price target of $183.24.
