A new trading day began on Tuesday, with American Express Co (NYSE: AXP) stock price remained unchanged from the previous day of trading, before settling in for the closing price of $285.54. AXP’s price has ranged from $161.73 to $296.83 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 10.54%. Meanwhile, its annual earnings per share averaged 24.47%. With a float of $703.51 million, this company’s outstanding shares have now reached $723.00 million.
Considering the fact that the conglomerate employs 74600 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 59.29%, operating margin of 24.77%, and the pretax margin is 18.43%.
American Express Co (AXP) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Credit Services Industry. The insider ownership of American Express Co is 0.13%, while institutional ownership is 84.83%. The most recent insider transaction that took place on Nov 07 ’24, was worth 48,897,715. In this transaction Chairman and CEO of this company sold 170,632 shares at a rate of $286.57, taking the stock ownership to the 92,810 shares. Before that another transaction happened on Nov 07 ’24, when Company’s Chief Colleague Experience Off sold 1,300 for $287.70, making the entire transaction worth $374,010. This insider now owns 12,695 shares in total.
American Express Co (AXP) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 2.62 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.53 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 24.47% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.55% 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
Here are American Express Co’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.77. Likewise, its price to free cash flow for the trailing twelve months is 15.25.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 13.60, a number that is poised to hit 3.01 in the next quarter and is forecasted to reach 15.14 in one year’s time.
Technical Analysis of American Express Co (AXP)
Compared to the last year’s volume of 2.9 million, its volume of 2.46 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 36.23%. Additionally, its Average True Range was 5.71.
During the past 100 days, American Express Co’s (AXP) raw stochastic average was set at 84.92%, which indicates a significant increase from 59.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.72% in the past 14 days, which was higher than the 27.39% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $273.79, while its 200-day Moving Average is $242.94. Nevertheless, the first resistance level for the watch stands at $287.68 in the near term. At $289.80, the stock is likely to face the second major resistance level. The third major resistance level sits at $292.99. If the price goes on to break the first support level at $282.37, it is likely to go to the next support level at $279.18. Should the price break the second support level, the third support level stands at $277.06.
American Express Co (NYSE: AXP) Key Stats
With a market capitalization of 201.15 billion, the company has a total of 704,445K Shares Outstanding. Currently, annual sales are 67,364 M while annual income is 8,374 M. The company’s previous quarter sales were 18,779 M while its latest quarter income was 2,507 M.
