On September 19, 2023, Andrew J. Micheletti, EVP at Axos Financial, made a unique move by selling 5,000 shares of Axos Financial, resulting in a total transaction value of $213,100. While insider transactions like this can be significant for investors to consider, it is important to note that they should not be the sole basis for making investment decisions.
Typically, when a company insider purchases shares, it is seen as a positive sign, indicating their expectation of the stock’s future rise. Conversely, insider sells can occur for various reasons and may not necessarily imply a negative outlook on the stock’s performance.
Investors generally prioritize transactions that occur in the open market, which can be found in Table I of the Form 4 filing. In this table, a “P” in Box 3 signifies a purchase, while an “S” indicates a sale. Additionally, the transaction code “C” suggests the conversion of an option, and transaction code “A” suggests that the insider may have been compelled to sell shares in order to receive previously promised compensation upon joining the company.
Axos Financial, Inc.
AX
Strong Buy
Updated on: 04/12/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
AX Financial Corp: Strong Revenue and Earnings Growth, Stable Stock Performance – September 19, 2023
AX stock, belonging to AX Financial Corp, had a mixed performance on September 19, 2023. The stock opened at $40.33, slightly lower than the previous close of $40.37. Throughout the day, it experienced a trading range between $38.96 and $40.87. The volume of shares traded was 379,649, which was lower than the average volume of 440,834 shares over the past three months.
AX Financial Corp has a market capitalization of $2.5 billion. The company has shown impressive earnings growth in the past year, with a growth rate of +27.25%. However, the earnings growth for this year is relatively modest at +2.21%. Looking ahead, analysts expect the company to continue growing its earnings at a rate of +17.00% over the next five years.
In terms of revenue growth, AX Financial Corp has performed exceptionally well, with a growth rate of +64.89% in the last year. This indicates that the company has been able to increase its sales and expand its business operations effectively.
The price-to-earnings (P/E) ratio for AX stock is 8.5, which suggests that the stock is relatively undervalued compared to its earnings. The price-to-sales ratio is 1.87, indicating that investors are willing to pay $1.87 for every dollar of sales generated by the company. The price-to-book ratio is 1.30, reflecting the company’s book value per share.
In comparison to other companies in the finance sector, AX Financial Corp’s stock performance on September 19, 2023, was relatively stable. WSFS Financial Corp saw a decrease of 1.28%, BankUnited Inc decreased by 0.92%, and Columbia Financial Inc decreased by 0.12%.
AX Financial Corp is expected to report its next earnings on October 26, 2023. Analysts forecast an earnings per share (EPS) of $1.28 for this quarter. In the previous year, the company generated annual revenue of $1.3 billion and a profit of $307.2 million, resulting in a net profit margin of 24.04%.
As a major player in the banking industry, AX Financial Corp operates in the finance sector. The company is headquartered in Las Vegas, Nevada. Unfortunately, no executive information is available at this time.
Overall, AX Financial Corp has shown strong revenue growth and impressive earnings growth in the past year. The stock’s performance on September 19, 2023, was relatively stable compared to other companies in the finance sector. With a positive outlook for future earnings growth, AX Financial Corp’s stock may present an attractive investment opportunity for investors.
AX Stock Price Analysis: Potential Increase of 41.91% with Median Target of $55.50 | Axos Financial Inc.
On September 19, 2023, AX stock had a last price of $39.11. The median target for AX stock is $55.50, representing a potential increase of 41.91% from the last price. The high estimate for AX stock is $65.00, while the low estimate is $49.00. The current consensus among 6 investment analysts is to buy stock in Axos Financial Inc. The company reported earnings per share of $1.28 for the current quarter, with sales amounting to $233.4 million. The reporting date for the company’s financial results for the current quarter is October 26.
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