Axalta Coating Systems Ltd (NYSE: AXTA) on Friday, soared 1.86% from the previous trading day, before settling in for the closing price of $39.78. Within the past 52 weeks, AXTA’s price has moved between $30.40 and $40.91.
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Annual sales at Basic Materials sector company grew by 2.75% over the past five years. The company achieved an average annual earnings per share of 37.38%. With a float of $217.22 million, this company’s outstanding shares have now reached $220.10 million.
Let’s look at the performance matrix of the company that is accounted for 12000 employees. In terms of profitability, gross margin is 32.85%, operating margin of 12.93%, and the pretax margin is 8.72%.
Axalta Coating Systems Ltd (AXTA) Insider Updates
Observing investor behavior towards Specialty Chemicals industry stocks is more important than anything else. The insider ownership of Axalta Coating Systems Ltd is 0.38%, while institutional ownership is 102.10%. 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.
Axalta Coating Systems Ltd (AXTA) Performance Highlights and Predictions
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.43 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.44) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.52 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 37.38% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 18.19% 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
Axalta Coating Systems Ltd (AXTA) is currently performing well based on its current performance indicators. A quick ratio of 1.42 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.71. Likewise, its price to free cash flow for the trailing twelve months is 17.67.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.48, a number that is poised to hit 0.52 in the next quarter and is forecasted to reach 2.42 in one year’s time.
Technical Analysis of Axalta Coating Systems Ltd (AXTA)
Axalta Coating Systems Ltd (NYSE: AXTA) saw its 5-day average volume 1.75 million, a negative change from its year-to-date volume of 2.02 million. As of the previous 9 days, the stock’s Stochastic %D was 49.79%. Additionally, its Average True Range was 0.83.
During the past 100 days, Axalta Coating Systems Ltd’s (AXTA) raw stochastic average was set at 94.79%, which indicates a significant increase from 88.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.22% in the past 14 days, which was lower than the 26.72% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $37.29, while its 200-day Moving Average is $34.88. Nevertheless, the first resistance level for the watch stands at $40.85 in the near term. At $41.17, the stock is likely to face the second major resistance level. The third major resistance level sits at $41.76. If the price goes on to break the first support level at $39.94, it is likely to go to the next support level at $39.35. Assuming the price breaks the second support level, the third support level stands at $39.03.
Axalta Coating Systems Ltd (NYSE: AXTA) Key Stats
Market capitalization of the company is 9.00 billion based on 218,063K outstanding shares. Right now, sales total 5,184 M and income totals 267,400 K. The company made 1,320 M in profit during its latest quarter, and 101,000 K in sales during its previous quarter.
