American Express Co. (NYSE:AXP) shares, rose in value, with the stock price up by 1.31% to the previous day’s close as strong demand from buyers drove the stock to $222.46.
Actively observing the price movement in the last trading, the stock closed the session at $219.59. The value of beta (5-year monthly) was 1.23 whereas the PE ratio was 19.84 over 12-month period. Referring to stock’s 52-week performance, its high was $231.69, and the low was $140.91. On the whole, AXP has fluctuated by 1.84% over the past month.
With the market capitalization of American Express Co. currently standing at about $161.03 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 19, 2024. The company’s Forward Dividend Ratio is 3.10, with its dividend yield at 1.39%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $2.95, which is expected to increase to $3.48 for fiscal year $12.81 and then to about $14.75 by fiscal year 2025. Data indicates that the EPS growth is expected to be 14.30% in 2025, while the next year’s EPS growth is forecast to be 15.10%.
Analysts have estimated the company’s revenue for the quarter at $15.79 billion, with a low estimate of $15.64 billion and a high estimate of $16.03 billion. According to the average forecast, sales growth in current quarter could jump up 21.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $66.2 billion, representing an increase of 9.40% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 2 upward and no downward review(s) in last seven days. We see that AXP’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.35, with the price of AXP currently trading nearly -0.74% and 3.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.80, while the 7-day volatility ratio is showing 1.83% which for the 30-day chart, stands at 1.59%. Furthermore, American Express Co. (AXP)’s beta value is 1.23, and its average true range (ATR) is 3.68.
A comparison of American Express Co. (AXP) with its peers suggests the former has fared considerably weaker in the market. AXP showed an intraday change of 1.31% in last session, and over the past year, it grew by 36.85%%.
Data on historical trading for American Express Co. (NYSE:AXP) indicates that the trading volumes over the past 10 days have averaged 2.32 million and over the past 3 months, they’ve averaged 3.12 million. According to company’s latest data on outstanding shares, there are 723.00 million shares outstanding.
Nearly 0.13% of American Express Co.’s shares belong to company insiders and institutional investors own 86.84% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.6 million shares as on Mar 15, 2024, resulting in a short ratio of 2.63. According to the data, the short interest in American Express Co. (AXP) stood at 1.06% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 8.99 million. The stock has risen by 18.75% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AXP stock heading into the next quarter.
