American Express Co (NYSE: AXP) on Monday, plunged -0.92% from the previous trading day, before settling in for the closing price of $272.69. Within the past 52 weeks, AXP’s price has moved between $148.33 and $286.36.
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During the last 5-year period, the sales growth of Financial Sector giant was 10.54%. The company achieved an average annual earnings per share of 23.66%. With a float of $703.52 million, this company’s outstanding shares have now reached $723.00 million.
Let’s determine the extent of company efficiency that accounts for 74600 employees. In terms of profitability, gross margin is 59.29%, operating margin of 23.13%, and the pretax margin is 18.43%.
American Express Co (AXP) Insider Activity
Observing investor behavior towards Credit Services industry stocks is more important than anything else. The insider ownership of American Express Co is 0.13%, while institutional ownership is 86.95%. The most recent insider transaction that took place on Oct 29 ’24, was worth 3,552,819. In this transaction Vice Chairman of this company sold 13,111 shares at a rate of $270.98, taking the stock ownership to the 109,691 shares. Before that another transaction happened on Oct 29 ’24, when Company’s Officer proposed sale 13,111 for $270.98, making the entire transaction worth $3,552,766.
American Express Co (AXP) Earnings and Forecasts
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 2.62 earnings per share (EPS) for the period falling under the consensus outlook (set at 2.64) by -0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.52 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 23.66% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.54% during the next five years compared to 7.25% growth over the previous five years of trading.
American Express Co (NYSE: AXP) Trading Performance Indicators
American Express Co (AXP) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.64. Likewise, its price to free cash flow for the trailing twelve months is 14.57.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 13.60, a number that is poised to hit 3.00 in the next quarter and is forecasted to reach 15.11 in one year’s time.
Technical Analysis of American Express Co (AXP)
Looking closely at American Express Co (NYSE: AXP), its last 5-days average volume was 2.13 million, which is a drop from its year-to-date volume of 2.91 million. As of the previous 9 days, the stock’s Stochastic %D was 51.36%. Additionally, its Average True Range was 5.10.
During the past 100 days, American Express Co’s (AXP) raw stochastic average was set at 75.36%, which indicates a significant increase from 19.21% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.86% in the past 14 days, which was lower than the 24.70% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $266.23, while its 200-day Moving Average is $237.98. However, in the short run, American Express Co’s stock first resistance to watch stands at $272.10. Second resistance stands at $274.02. The third major resistance level sits at $275.21. If the price goes on to break the first support level at $268.99, it is likely to go to the next support level at $267.80. Should the price break the second support level, the third support level stands at $265.88.
American Express Co (NYSE: AXP) Key Stats
Market capitalization of the company is 192.17 billion based on 704,445K outstanding shares. Right now, sales total 67,364 M and income totals 8,374 M. The company made 18,779 M in profit during its latest quarter, and 2,507 M in sales during its previous quarter.
