Axalta Coating Systems Ltd (NYSE:AXTA) finished Friday with a subtraction of -$0.39 to close at $26.90, a downside of -1.43 percent. An average of 2,223,280 shares of common stock have been traded in the last five days. There was a fall of -$0.02 in the past week, and it reached a new high 31 times over the past 12 months. The last 20 days have seen an average of 1,898,155 shares traded, while the 50-day average volume stands at 2,229,604.
AXTA stock has decreased by -5.48% in the last month. The company shares reached their 1-month lowest point of $25.97 on 09/12/23. With the stock rallying to its 52-week high on 07/13/23, shares of the company touched a low of $20.66 and a high of $33.68 in 52 weeks. It has reached a new high 22 times so far this year and achieved 5.61% or $1.43 in price. In spite of this, the price is down -20.13% from the 52-week high.
Insider Transactions
AXTA stock investors should be aware that Axalta Coating Systems Ltd (AXTA) stock had its last reported insider trading activity 52 days ago on Sep 13.
Valuation Metrics
Axalta Coating Systems Ltd (AXTA) has a trailing price-to-earnings (P/E) ratio of 26.24. The stock’s beta is 1.45. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.18, the price-to-book (PB) ratio at 3.63, and the price-to-cash flow ratio at 25.87.
Financial Health
The quick ratio of Axalta Coating Systems Ltd for the three months ended June 29 was 1.45, and the current ratio was 2.02, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.15 and a total debt to equity ratio of 2.17 for the quarter ending June 29. Its gross profit as reported stood at $1.42 billion compared to revenue of $4.88 billion.
Earnings Surprise
For the three-month period that ended June 29, Axalta Coating Systems Ltd had $3.53 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $60.9 million in the quarter, while revenues were grew 27.59%. The analyst consensus anticipated Axalta Coating Systems Ltd’s latest quarter earnings to come in at $0.38 per share, but it turned out to be $0.35, a -7.90% surprise. For the quarter, EBITDA amounted to $206.1 million. Shareholders own equity worth $221.7 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Axalta Coating Systems Ltd (AXTA) price momentum. RSI 9-day as of the close on 29 September was 46.59%, suggesting the stock is Neutral, with historical volatility in this time frame at 28.19%.
As of today, AXTA’s price is $26.85 -0.07% or -$0.02 from its 5-day moving average. AXTA is currently trading -4.95% lower than its 20-day SMA and -12.03% lower than its 100-day SMA. However, the stock’s current price level is -16.23% below the SMA50 and +3.78% above the SMA200.
The stochastic %K and %D were 48.32% and 41.67%, respectively, and the average true range (ATR) was 0.68. With the 14-day stochastic at 49.20% and the average true range at 0.67, the RSI (14) stands at 43.98%. The stock has reached 0.00 on the 9-day MACD Oscillator while the 14-day reading was at -0.09.
Analyst Ratings
Citigroup launched coverage on Axalta Coating Systems Ltd (NYSE: AXTA) in its analyst report released on June 14, 2023. The firm assigned the stock a Buy rating. The consensus rating for Axalta Coating Systems Ltd (AXTA) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AXTA, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 11 others rate it as a “buy”.
What is AXTA’s price target for the next 12 months?
Analysts predict a range of price targets between $29.00 and $38.00, with a median target of $35.00. Taking a look at these predictions, the average price target given by analysts for Axalta Coating Systems Ltd (AXTA) stock is $34.35.
