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Axos Financial Inc. (AX) Is Now En Route to Higher Prices

Axos Financial Inc. (NYSE: AX) is 14.47% higher on its value in year-to-date trading and has touched a low of $32.05 and a high of $79.15 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AX stock was last observed hovering at around $65.12 in the last trading session, with the day’s loss setting it -2.62%.

Currently trading at $62.50, the stock is -11.27% and 2.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing -4.02% at the moment leaves the stock 17.83% off its SMA200. AX registered 42.96% gain for a year compared to 6-month gain of 21.86%.

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The stock witnessed a 0.71% loss in the last 1 month and extending the period to 3 months gives it a 3.82%, and is -3.86% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.50% over the week and 4.42% over the month.

Axos Financial Inc. (AX) has around 1455 employees, a market worth around $3.56B and $1.79B in sales. Current P/E ratio is 8.11 and Fwd P/E is 8.42. Profit margin for the company is 25.20%. Distance from 52-week low is 95.01% and -21.04% from its 52-week high. The company has generated returns on investments over the last 12 months (16.63%).

The EPS is expected to shrink by -6.95% this year.

Axos Financial Inc. (AX) Top Institutional Holders

The shares outstanding are 56.89M, and float is at 51.27M with Short Float at 11.93%.

Axos Financial Inc. (AX) Insider Activity

The most recent transaction is an insider purchase by Wardell-Smith Sara,the company’sDirector. SEC filings show that Wardell-Smith Sara bought 5,000 shares of the company’s common stock on Mar 15 ’24 at a price of $49.75 per share for a total of $0.25 million. Following the purchase, the insider now owns 5000.0 shares.

Axos Financial Inc. disclosed in a document filed with the SEC on Mar 13 ’24 that Micheletti Andrew J (EVP, Finance) sold a total of 13,000 shares of the company’s common stock. The trade occurred on Mar 13 ’24 and was made at $51.16 per share for $0.67 million. Following the transaction, the insider now directly holds 39000.0 shares of the AX stock.

Still, SEC filings show that on Mar 11 ’24, Micheletti Andrew J (EVP, Finance) disposed off 13,668 shares at an average price of $51.17 for $0.7 million. The insider now directly holds 52,000 shares of Axos Financial Inc. (AX).

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