After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Axalta Releases Fourth Quarter and Full Year 2023 Results.
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Stocks Info
This NYSE-listed company operates within the Specialty Chemicals industry segment, falling under the Basic Materials sector. The current market capitalization of Axalta Coating Systems Ltd is $7.10B. A total of 1.67 million shares were traded on the day, compared to an average of 2.06M shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, AXTA has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 26 BUYs and 20 SELLs from insiders. Insiders purchased 297,359 shares during that period but sold 118,397.
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.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for AXTA in the last 3 months, the mean price target is $36.50 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 $0.4 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $0.42 per share and a lower estimate of $0.39. The company reported an EPS of $0.45 in the last quarter, which was 18.40% higher than expectations of $0.38.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 $7.85, 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.
