Axos Financial Inc. (AX) Outlook Starting To Look Brighter?

Axos Financial Inc. (AX) concluded trading on Thursday at a closing price of $54.04, with 0.44 million shares of worth about $23.93 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 50.07% during that period and on March 28, 2024 the price saw a gain of about 1.26%. Currently the company’s common shares owned by public are about 58.94M shares, out of which, 51.29M shares are available for trading.

Stock saw a price change of 1.14% in past 5 days and over the past one month there was a price change of 4.55%. Year-to-date (YTD), AX shares are showing a performance of -1.03% which increased to 43.57% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $32.05 but also hit the highest price of $60.00 during that period. The average intraday trading volume for Axos Financial Inc. shares is 585.27K. The stock is currently trading 5.53% above its 20-day simple moving average (SMA20), while that difference is up 3.04% for SMA50 and it goes to 20.15% higher than SMA200.

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Axos Financial Inc. (NYSE: AX) currently have 58.94M outstanding shares and institutions hold larger chunk of about 87.23% of that.

The stock has a current market capitalization of $3.07B and its 3Y-monthly beta is at 1.44. PE ratio of stock for trailing 12 months is 7.97, while it has posted earnings per share of $6.78 in the same period. Its PEG reads 0.80 while making debt-to-equity ratio of 0.32. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AX, volatility over the week remained 2.44% while standing at 3.31% over the month.

Analysts are in expectations that Axos Financial Inc. (AX) stock would likely to be making an EPS of $1.71 in the current quarter, while forecast for next quarter EPS is $1.74 and it is $7.03 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.6 which is $1.81 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.32 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 47.18% while it is estimated to decrease by -5.79% in next year. EPS is likely to shrink at an annualized rate of 10.00% for next 5-years, compared to annual growth of 16.42% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Raymond James on February 21, 2023 offering an Outperform rating for the stock and assigned a target price of $55 to it. Coverage by Keefe Bruyette stated Axos Financial Inc. (AX) stock as an Outperform in their note to investors on July 11, 2022, suggesting a price target of $56 for the stock. On June 30, 2022, Wedbush Downgrade their recommendations, while on January 28, 2022, B. Riley Securities Upgrade their ratings for the stock with a price target of $62. Stock get a Neutral rating from B. Riley Securities on October 06, 2021.

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