As of close of business last night, Axos Financial Inc.’s stock clocked out at $37.74, up 4.00% from its previous closing price of $36.29. In other words, the price has increased by $+1.45 from its previous closing price. On the day, 1140262 shares were traded. AX stock price reached its highest trading level at $38.11 during the session, while it also had its lowest trading level at $34.45.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
To gain a deeper understanding of AX’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.68. In the meantime, Its Debt-to-Equity ratio is 0.19 whereas as Long-Term Debt/Eq ratio is at 0.19.
Upgrades & Downgrades
On July 11, 2022, Keefe Bruyette Upgraded its rating to Outperform which previously was Mkt Perform and also upped its target price recommendation from $52 to $56.
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 13 when Nick Mosich bought 2,862 shares for $34.00 per share. The transaction valued at 97,308 led to the insider holds 80,556 shares of the business.
Grinberg Paul bought 1,320 shares of AX for $49,896 on Mar 10. The Director now owns 69,542 shares after completing the transaction at $37.80 per share. On Feb 28, another insider, Micheletti Andrew J, who serves as the EVP, Finance of the company, sold 10,000 shares for $48.02 each. As a result, the insider received 480,200 and left with 514,689 shares of the company.
As of this moment, Axos’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.80, and their Forward P/E ratio for the next fiscal year is 7.08. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.88. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.90 while its Price-to-Book (P/B) ratio in mrq is 1.27.
Stock Price History:
Over the past 52 weeks, AX has reached a high of $51.46, while it has fallen to a 52-week low of $33.15. The 50-Day Moving Average of the stock is 44.48, while the 200-Day Moving Average is calculated to be 40.35.
It appears that AX traded 392.34K shares on average per day over the past three months and 906.84k shares per day over the past ten days. A total of 60.00M shares are outstanding, with a floating share count of 53.52M. Insiders hold about 4.50% of the company’s shares, while institutions hold 80.40% stake in the company. Shares short for AX as of Jan 30, 2023 were 2.12M with a Short Ratio of 2.16M, compared to 2.06M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.53% and a Short% of Float of 4.33%.
As of right now, 6 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $1.23 for the current quarter, with a high estimate of $1.29 and a low estimate of $1.17, while EPS last year was $1.02. The consensus estimate for the next quarter is $1.27, with high estimates of $1.34 and low estimates of $1.22.
Analysts are recommending an EPS of between $4.95 and $4.71 for the fiscal current year, implying an average EPS of $4.81. EPS for the following year is $5.33, with 5 analysts recommending between $5.45 and $5.2.
In the current quarter, 5 analysts expect revenue to total $223.69M. It ranges from a high estimate of $225.83M to a low estimate of $220.4M. As of the current estimate, Axos Financial Inc.’s year-ago sales were $177.81M, an estimated increase of 25.80% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $231.01M, an increase of 20.00% less than the figure of $25.80% in the same quarter last year. There is a high estimate of $232.77M for the next quarter, whereas the lowest estimate is $227.7M.
A total of 5 analysts have provided revenue estimates for AX’s current fiscal year. The highest revenue estimate was $894.04M, while the lowest revenue estimate was $884M, resulting in an average revenue estimate of $890.61M. In the same quarter a year ago, actual revenue was $720.52M, up 23.60% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $971.67M in the next fiscal year. The high estimate is $980.93M and the low estimate is $952.25M. The average revenue growth estimate for next year is up 9.10% from the average revenue estimate for this year.