A look into Axos Financial Inc. (AX)’s deeper side

Axos Financial Inc. (NYSE: AX) stock jumped 4.10% on Friday to $39.39 against a previous-day closing price of $37.84. With 0.94 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.77 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $39.61 whereas the lowest price it dropped to was $38.01. The 52-week range on AX shows that it touched its highest point at $51.46 and its lowest point at $32.05 during that stretch. It currently has a 1-year price target of $51.50. Beta for the stock currently stands at 1.48.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AX was up-trending over the past week, with a rise of 8.72%, but this was up by 7.45% over a month. Three-month performance dropped to -2.52% while six-month performance fell -0.20%. The stock lost -1.99% in the past year, while it has gained 3.06% so far this year. A look at the trailing 12-month EPS for AX yields 5.51 with Next year EPS estimates of 5.81. For the next quarter, that number is 1.40. This implies an EPS growth rate of 8.94% for this year and 5.19% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 16.42%.

Float and Shares Shorts:

At present, 58.94 million AX shares are outstanding with a float of 52.08 million shares on hand for trading. On Oct 30, 2023, short shares totaled 6.5 million, which was 11.26% higher than short shares on Sep 28, 2023. In addition to Mr. Gregory Garrabrants C.F.A., J.D. as the firm’s President, CEO & Director, Mr. Derrick K. Walsh CPA serves as its Executive VP & CFO.

Institutional Ownership:

Through their ownership of 81.59% of AX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 8.02% of AX, in contrast to 53.71% held by mutual funds. Shares owned by individuals account for 30.51%. As the largest shareholder in AX with 13.32% of the stake, BlackRock Fund Advisors holds 7,688,268 shares worth 7,688,268. A second-largest stockholder of AX, The Vanguard Group, Inc., holds 5,863,519 shares, controlling over 10.16% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in AX, holding 2,673,093 shares or 4.63% stake. With a 6.11% stake in AX, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 3,529,530 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.87% of AX stock, is the second-largest Mutual Fund holder. It holds 1,658,549 shares valued at 59.76 million. Vanguard Small Cap Index Fund holds 2.37% of the stake in AX, owning 1,367,527 shares worth 49.27 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AX analysts setting a high price target of $64.00 and a low target of $43.00, the average target price over the next 12 months is $51.50. Based on these targets, AX could surge 62.48% to reach the target high and rise by 9.16% to reach the target low. Reaching the average price target will result in a growth of 30.74% from current levels.

Summary of Insider Activity:

Insiders traded AX stock several times over the past three months with 43 Buys and 45 Sells. In these transactions, 124,068 shares were bought while 65,076 shares were sold. The number of buy transactions has increased to 78 while that of sell transactions has risen to 87 over the past year. The total number of shares bought during that period was 349,697 while 456,033 shares were sold.