After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Most recently, Yahoo Finance reported about the stock as it publicized that Axalta Wins Two 2024 BIG Innovation Awards.
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Stocks Info
As a NYSE listed company, AXTA falls under the Basic Materials sector while operating within the Specialty Chemicals industry segment. At the end of the last regular session, the stock closed at $32.90 and fluctuated between $32.97 as its day high and $32.56 as its day low. The current market capitalization of Axalta Coating Systems Ltd is $7.24B. A total of 1.95 million shares were traded on the day, compared to an average of 2.05M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, AXTA has seen 3 BUY and 3 SELL insider trades, representing the acquisition of 14,601 and the disposition of 30,415 shares. Over the last 12 months, there were 44 BUYs and 31 SELLs from insiders. Insiders purchased 390,272 shares during that period but sold 135,478.
In the most recent transaction, Awada Hadi sold 10,500 shares of AXTA for 31.99 per share on Dec 04. After the transaction, the SVP, Glbl Mobility Coatings now owns 14,656 company shares. In a previous transaction on Nov 17, BERUBE BRIAN A sold 7,500 shares at 31.19 per share. AXTA shares that SVP and General Counsel owns now total 44,408.
Among the insiders who sold shares, Massey Anthony disposed of 17,915 shares on Nov 14 at a per-share price of $30.88. This resulted in the VP, Global Controller, PAO holding 19,420 shares of AXTA after the transaction. In another insider transaction, MCLAUGHLIN ROBERT M sold 5,000 shares at $29.77 per share on Nov 09. Company shares held by the Director now total 92,649.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for AXTA in the last 3 months, the mean price target is $36.11 with high estimates of $42.00 and low estimates of $30.00. In terms of 52-week highs and lows, AXTA has a high of $34.45 and a low of $25.03.
As of this writing, AXTA has an earnings estimate of $0.44 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $0.48 per share and a lower estimate of $0.41. The company reported an EPS of $0.35 in the last quarter, which was -7.90% lower than expectations of $0.38.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. AXTA’s latest balance sheet shows that the firm has $840.60M in Cash & Short Term Investments as of fiscal 2021. There were $3.86B in debt and $1.33B in liabilities at the time. Its Book Value Per Share was $7.29, while its Total Shareholder’s Equity was $1.54B.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AXTA is Buy with a score of 4.44.
