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Axalta Coating Systems Ltd (NYSE: AXTA) closed the day trading at $35.40 down -1.56% from the previous closing price of $35.96. In other words, the price has decreased by -$1.56 from its previous closing price. On the day, 1.77 million shares were traded. AXTA stock price reached its highest trading level at $35.88 during the session, while it also had its lowest trading level at $35.34.
Ratios:
For a better understanding of AXTA, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.91. For the most recent quarter (mrq), Quick Ratio is recorded 1.70 and its Current Ratio is at 2.26. In the meantime, Its Debt-to-Equity ratio is 2.03 whereas as Long-Term Debt/Eq ratio is at 2.02.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 7886199808 and an Enterprise Value of 10576394240. As of this moment, Axalta’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.19, and their Forward P/E ratio for the next fiscal year is 15.10. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.34. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.48 while its Price-to-Book (P/B) ratio in mrq is 4.38. Its current Enterprise Value per Revenue stands at 2.014 whereas that against EBITDA is 10.553.
Stock Price History:
Over the past 52 weeks, AXTA has reached a high of $37.78, while it has fallen to a 52-week low of $25.03. The 50-Day Moving Average of the stock is 0.62%, while the 200-Day Moving Average is calculated to be 4.06%.
Shares Statistics:
Over the past 3-months, AXTA traded about 2.02M shares per day on average, while over the past 10 days, AXTA traded about 2735270 shares per day. A total of 220.10M shares are outstanding, with a floating share count of 218.47M. Insiders hold about 0.38% of the company’s shares, while institutions hold 100.74% stake in the company. Shares short for AXTA as of 1726185600 were 5710809 with a Short Ratio of 2.82, compared to 1723680000 on 5674576. Therefore, it implies a Short% of Shares Outstanding of 5710809 and a Short% of Float of 3.32.
