On September 19, 2023, the options scanner from Benzinga detected some intriguing activity surrounding Axos Financial. A total of 16 unusual options trades were identified, revealing an interesting sentiment among these high-stakes traders. Surprisingly, their opinions were divided, with 31% expressing bullish sentiments and 68% leaning towards a bearish outlook.
Delving deeper into these unique options, it was discovered that 13 of them were puts, amounting to an impressive $691,608. Meanwhile, the remaining 3 options were calls, totaling $164,454. Considering the significant volume and open interest associated with these contracts, it seems that some major players, often referred to as whales, have set their sights on a price range spanning from $22.5 to $50.0 for Axos Financial over the past three months.
Amongst the various options, one particularly noteworthy trade stood out. This bearish put trade possesses an expiration date of January 17, 2025, a strike price of $42.50, and an impressive total trade price of $162.0K. Additionally, it boasts an open interest of 538 and a substantial volume of 200, indicating the significant attention it has garnered.
It is evident that Axos Financial has attracted considerable interest from traders, with both bullish and bearish sentiments prevailing. These options trades, particularly the notable bearish put trade, provide valuable insights into the market’s expectations for the future of Axos Financial.
Axos Financial, Inc.
AX
Strong Buy
Updated on: 19/09/2023
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 Stock: Mixed Performance on September 19, 2023, with Strong Financials and Positive Growth Indicators
AX stock had a mixed performance on September 19, 2023. The stock opened at $40.33 and had a trading range of $38.96 to $40.87. The volume of shares traded was 935,021. AX has a market capitalization of $2.5 billion and has shown strong financial performance. It has a growth rate of 27.25% in the previous year and 2.21% in the current year. The company is projected to have a robust earnings growth of 17.00% over the next five years. AX has witnessed significant revenue growth of 64.89% in the previous year. The stock’s price-to-earnings (P/E) ratio is 8.6, the price-to-sales ratio is 1.87, and the price-to-book ratio is 1.30. The next reporting date for AX is October 26, 2023, and analysts are forecasting earnings per share of $1.28 for this quarter. AX reported annual revenue of $1.3 billion and an annual profit of $307.2 million in the previous year, with a net profit margin of 24.04%. AX does not have any executives listed, and its corporate headquarters are located in Las Vegas, Nevada. Overall, AX’s strong financials and positive growth indicators suggest potential for future success. Investors should monitor the upcoming earnings report and the company’s performance in the coming quarters.
Axos Financial Inc Shows Positive Stock Performance with $55.50 Target Price Forecast: Analysts
On September 19, 2023, Axos Financial Inc (AX) experienced positive stock performance, with a median target price forecast of $55.50, according to data from CNN Money. This represents a significant increase of 41.19% from the last recorded price of $39.31.
The price forecasts were provided by six analysts who specialize in analyzing Axos Financial Inc. The highest estimate among these analysts was $65.00, while the lowest estimate was $49.00.
Despite the varying estimates, the current consensus among the polled investment analysts is to buy stock in Axos Financial Inc. This rating has remained unchanged since February.
In terms of financial performance, Axos Financial Inc reported earnings per share of $1.28 for the current quarter. Additionally, the company reported sales of $233.4 million for the same period.
Investors interested in Axos Financial Inc should mark their calendars for October 26, as this is the reporting date for the company’s financial results.
Overall, based on the median target price forecast and the consensus among investment analysts, Axos Financial Inc appears to be a promising investment option. However, investors should conduct their own research and consider their risk tolerance before making any investment decisions.
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