On Friday, Axalta Coating Systems Ltd (NYSE: AXTA) opened lower -3.90% from the last session, before settling in for the closing price of $36.64. Price fluctuations for AXTA have ranged from $25.03 to $37.49 over the past 52 weeks.
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During the last 5-year period, the sales growth of Basic Materials Sector giant was 2.75%. Company’s average yearly earnings per share was noted 29.57% at the time writing. With a float of $218.48 million, this company’s outstanding shares have now reached $220.10 million.
Let’s determine the extent of company efficiency that accounts for 12000 employees.
Axalta Coating Systems Ltd (AXTA) Insider Activity
A key investor’s attitude towards the stock of the Specialty Chemicals industry is another important factor to consider. The insider ownership of Axalta Coating Systems Ltd is 0.36%, while institutional ownership is 102.96%. The most recent insider transaction that took place on Dec 04 ’23, was worth 335,895. In this transaction SVP, Glbl Mobility Coatings of this company sold 10,500 shares at a rate of $31.99, taking the stock ownership to the 14,656 shares. Before that another transaction happened on Nov 17 ’23, when Company’s SVP and General Counsel sold 7,500 for $31.19, making the entire transaction worth $233,925. This insider now owns 44,408 shares in total.
Axalta Coating Systems Ltd (AXTA) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.45 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.38) by 0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.49 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 29.57% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 19.60% during the next five years compared to 7.16% growth over the previous five years of trading.
Axalta Coating Systems Ltd (NYSE: AXTA) Trading Performance Indicators
Check out the current performance indicators for Axalta Coating Systems Ltd (AXTA). In the past quarter, the stock posted a quick ratio of 1.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.47. Likewise, its price to free cash flow for the trailing twelve months is 14.83.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.35, a number that is poised to hit 0.51 in the next quarter and is forecasted to reach 2.32 in one year’s time.
Technical Analysis of Axalta Coating Systems Ltd (AXTA)
Looking closely at Axalta Coating Systems Ltd (NYSE: AXTA), its last 5-days average volume was 2.71 million, which is a jump from its year-to-date volume of 2.08 million. As of the previous 9 days, the stock’s Stochastic %D was 59.60%. Additionally, its Average True Range was 0.87.
During the past 100 days, Axalta Coating Systems Ltd’s (AXTA) raw stochastic average was set at 67.80%, which indicates a significant increase from 30.49% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.60% in the past 14 days, which was higher than the 25.64% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $35.05, while its 200-day Moving Average is $32.87. However, in the short run, Axalta Coating Systems Ltd’s stock first resistance to watch stands at $35.95. Second resistance stands at $36.69. The third major resistance level sits at $37.23. If the price goes on to break the first support level at $34.67, it is likely to go to the next support level at $34.13. Should the price break the second support level, the third support level stands at $33.39.
Axalta Coating Systems Ltd (NYSE: AXTA) Key Stats
There are currently 220,646K shares outstanding in the company with a market cap of 7.72 billion. Presently, the company’s annual sales total 5,184 M according to its annual income of 267,400 K. Last quarter, the company’s sales amounted to 1,294 M and its income totaled 41,000 K.
