Axis Capital Holdings Ltd (NYSE: AXS) kicked off on Tuesday, down -2.71% from the previous trading day ,before settling in for the closing price of $65.39. Over the past 52 weeks, AXS has traded in a range of $51.61-$65.86.
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A company in the Financial sector has jumped its sales by 1.81% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 78.22%. With a float of $76.48 million, this company’s outstanding shares have now reached $85.29 million.
In an organization with 2048 employees, it is important to assess its efficiency.
Axis Capital Holdings Ltd (AXS) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Insurance – Specialty Industry. The insider ownership of Axis Capital Holdings Ltd is 9.43%, while institutional ownership is 85.99%. The most recent insider transaction that took place on Feb 06 ’24, was worth 409,150. In this transaction Director of this company bought 7,000 shares at a rate of $58.45, taking the stock ownership to the 9,763 shares. Before that another transaction happened on Aug 07 ’23, when Company’s Director sold 6,000 for $55.50, making the entire transaction worth $333,000. This insider now owns 49,710 shares in total.
Axis Capital Holdings Ltd (AXS) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 12/30/2023, the organization reported $2.94 earnings per share (EPS), higher than consensus estimate (set at $1.08) by $1.86. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.66 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 78.22% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.00% during the next five years compared to 286.70% growth over the previous five years of trading.
Axis Capital Holdings Ltd (NYSE: AXS) Trading Performance Indicators
Take a look at Axis Capital Holdings Ltd’s (AXS) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.96. Likewise, its price to free cash flow for the trailing twelve months is 4.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.01, a number that is poised to hit 2.61 in the next quarter and is forecasted to reach 10.56 in one year’s time.
Technical Analysis of Axis Capital Holdings Ltd (AXS)
Let’s dig in a bit further. During the last 5-days, its volume was 0.74 million. That was better than the volume of 0.64 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 57.43%. Additionally, its Average True Range was 1.07.
During the past 100 days, Axis Capital Holdings Ltd’s (AXS) raw stochastic average was set at 81.91%, which indicates a significant increase from 25.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.49% in the past 14 days, which was lower than the 20.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $61.92, while its 200-day Moving Average is $57.03. However, in the short run, Axis Capital Holdings Ltd’s stock first resistance to watch stands at $64.95. Second resistance stands at $66.27. The third major resistance level sits at $66.95. If the price goes on to break the first support level at $62.95, it is likely to go to the next support level at $62.27. Assuming the price breaks the second support level, the third support level stands at $60.95.
Axis Capital Holdings Ltd (NYSE: AXS) Key Stats
The company with the Market Capitalisation of 5.37 billion has total of 84,687K Shares Outstanding. Its annual sales at the moment are 5,643 M in contrast with the sum of 376,290 K annual income. Company’s last quarter sales were recorded 1,481 M and last quarter income was -142,580 K.
