On Tuesday, Axis Capital Holdings Ltd (NYSE: AXS) opened higher 1.03% from the last session, before settling in for the closing price of $78.36. Price fluctuations for AXS have ranged from $52.90 to $80.50 over the past 52 weeks.
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During the last 5-year period, the sales growth of Financial Sector giant was 1.81%. Company’s average yearly earnings per share was noted 89.27% at the time writing. With a float of $76.78 million, this company’s outstanding shares have now reached $85.29 million.
Let’s determine the extent of company efficiency that accounts for 2048 employees. In terms of profitability, gross margin is 99.77%, operating margin of 7.08%, and the pretax margin is 9.2%.
Axis Capital Holdings Ltd (AXS) Insider Activity
A key investor’s attitude towards the stock of the Insurance – Specialty industry is another important factor to consider. The insider ownership of Axis Capital Holdings Ltd is 8.79%, while institutional ownership is 86.35%. The most recent insider transaction that took place on Jun 03 ’24, was worth 526,119. In this transaction Director of this company sold 7,217 shares at a rate of $72.90, taking the stock ownership to the 48,019 shares. Before that another transaction happened on May 28 ’24, when Company’s Director bought 2,000 for $71.43, making the entire transaction worth $142,860. This insider now owns 11,763 shares in total.
Axis Capital Holdings Ltd (AXS) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 2.34 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 1.98) by 0.36. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.91 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 89.27% 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
Check out the current performance indicators for Axis Capital Holdings Ltd (AXS). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.15. 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 7.26, a number that is poised to hit 2.29 in the next quarter and is forecasted to reach 11.33 in one year’s time.
Technical Analysis of Axis Capital Holdings Ltd (AXS)
Looking closely at Axis Capital Holdings Ltd (NYSE: AXS), its last 5-days average volume was 0.67 million, which is a jump from its year-to-date volume of 0.59 million. As of the previous 9 days, the stock’s Stochastic %D was 72.99%. Additionally, its Average True Range was 1.23.
During the past 100 days, Axis Capital Holdings Ltd’s (AXS) raw stochastic average was set at 92.23%, which indicates a significant increase from 87.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.26% 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 $75.49, while its 200-day Moving Average is $66.39. However, in the short run, Axis Capital Holdings Ltd’s stock first resistance to watch stands at $79.48. Second resistance stands at $79.78. The third major resistance level sits at $80.16. If the price goes on to break the first support level at $78.80, it is likely to go to the next support level at $78.42. Should the price break the second support level, the third support level stands at $78.12.
Axis Capital Holdings Ltd (NYSE: AXS) Key Stats
There are currently 84,660K shares outstanding in the company with a market cap of 6.66 billion. Presently, the company’s annual sales total 5,643 M according to its annual income of 376,290 K. Last quarter, the company’s sales amounted to 1,451 M and its income totaled 211,960 K.
