American Express Co. (NYSE:AXP) finished Friday with a subtraction of -$1.04 to close at $149.19, a downside of -0.69 percent. An average of 3,108,240 shares of common stock have been traded in the last five days. There was a fall of -$3.89 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 2,991,170 shares traded, while the 50-day average volume stands at 2,872,148.
AXP stock has decreased by -6.86% in the last month. The company shares reached their 1-month lowest point of $148.67 on 09/29/23. With the stock rallying to its 52-week high on 02/14/23, shares of the company touched a low of $130.65 and a high of $182.15 in 52 weeks. It has reached a new high 14 times so far this year and achieved 0.97% or $1.44 in price. In spite of this, the price is down -18.09% from the 52-week high.
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Insider Transactions
AXP stock investors should be aware that American Express Co. (AXP) stock had its last reported insider trading activity 134 days ago on May 19. In this transaction, the insider spent $3,491,018. President, U.S. Consumer Serv, Grosfield Howard, disposed of 5,456 shares at a price of $174.52 on Mar 08. The insider now owns more than $952,187 worth of shares. Prior to that, Chief Colleague Experience Off Herena Monique went on to Sale 15,217 shares at $173.18 each on Mar 02. An amount of $2,635,280 was transacted.
Valuation Metrics
American Express Co. (AXP) has a trailing price-to-earnings (P/E) ratio of 15.17. The stock’s beta is 1.18. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.77, the price-to-book (PB) ratio at 4.11, and the price-to-cash flow ratio at 7.43.
Financial Health
Further, the company has a long term debt to equity ratio of 1.75 and a total debt to equity ratio of 1.81 for the recent quarter. Its gross profit as reported stood at $9.89 billion compared to revenue of $12.66 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, American Express Co.’s return on assets was 3.28%.
Earnings Surprise
For the recent quarter, American Express Co. had $46.73 billion in total debt. At the end of the recent quarter, American Express Co.’s stock balance sheet showed total debt was $48.83 billion. Shareholders own equity worth $736.46 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at American Express Co. (AXP) price momentum. RSI 9-day as of the close on 29 September was 23.06%, suggesting the stock is oversold, with historical volatility in this time frame at 7.93%.
As of today, AXP’s price is $150.73 -2.54% or -$3.89 from its 5-day moving average. AXP is currently trading -5.57% lower than its 20-day SMA and -2.52% lower than its 100-day SMA. However, the stock’s current price level is -15.76% below the SMA50 and -5.16% below the SMA200.
The stochastic %K and %D were 5.86% and 7.02%, respectively, and the average true range (ATR) was 2.51. With the 14-day stochastic at 3.32% and the average true range at 2.54, the RSI (14) stands at 28.35%. The stock has reached -3.34 on the 9-day MACD Oscillator while the 14-day reading was at -6.00.
Analyst Ratings
RBC Capital Mkts upgraded American Express Co. (NYSE: AXP) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Sector perform.
