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In the latest session, Axalta Coating Systems Ltd (NYSE: AXTA) closed at $34.48 up 1.59% from its previous closing price of $33.94. In other words, the price has increased by $1.59 from its previous closing price. On the day, 1.96 million shares were traded. AXTA stock price reached its highest trading level at $34.49 during the session, while it also had its lowest trading level at $34.065.
Ratios:
For a deeper understanding of Axalta Coating Systems Ltd’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.13 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.36. For the most recent quarter (mrq), Quick Ratio is recorded 1.51 and its Current Ratio is at 2.07. In the meantime, Its Debt-to-Equity ratio is 1.98 whereas as Long-Term Debt/Eq ratio is at 1.97.
On January 08, 2024, UBS Downgraded its rating to Neutral which previously was Buy and also upped its target price recommendation from $35 to $36.
On June 14, 2023, Citigroup started tracking the stock assigning a Buy rating and target price of $37.Citigroup initiated its Buy rating on June 14, 2023, with a $37 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 04 ’23 when Awada Hadi sold 10,500 shares for $31.99 per share. The transaction valued at 335,895 led to the insider holds 14,656 shares of the business.
BERUBE BRIAN A sold 7,500 shares of AXTA for $233,925 on Nov 17 ’23. The SVP and General Counsel now owns 44,408 shares after completing the transaction at $31.19 per share. On Nov 14 ’23, another insider, Massey Anthony, who serves as the VP, Global Controller, PAO of the company, sold 17,915 shares for $30.88 each. As a result, the insider received 553,215 and left with 19,420 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AXTA now has a Market Capitalization of 7607874048 and an Enterprise Value of 10454857728. As of this moment, Axalta’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.83, and their Forward P/E ratio for the next fiscal year is 15.19. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.46 while its Price-to-Book (P/B) ratio in mrq is 4.39. Its current Enterprise Value per Revenue stands at 2.013 whereas that against EBITDA is 11.132.
Stock Price History:
The Beta on a monthly basis for AXTA is 1.44, which has changed by 0.03357315 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, AXTA has reached a high of $36.98, while it has fallen to a 52-week low of $25.03. The 50-Day Moving Average of the stock is -1.19%, while the 200-Day Moving Average is calculated to be 7.34%.
Shares Statistics:
For the past three months, AXTA has traded an average of 2.18M shares per day and 1769640 over the past ten days. A total of 220.10M shares are outstanding, with a floating share count of 219.85M. Insiders hold about 0.36% of the company’s shares, while institutions hold 100.08% stake in the company. Shares short for AXTA as of 1718323200 were 5084199 with a Short Ratio of 2.33, compared to 1715731200 on 6453258. Therefore, it implies a Short% of Shares Outstanding of 5084199 and a Short% of Float of 2.94.
