American Express Company [AXP] Is Currently -4.13 below its 200 Period Moving Avg: What Dose This Mean?

American Express Company [NYSE: AXP] loss -4.13% or -5.0 points to close at $116.15 with a heavy trading volume of 8916509 shares. The company report on January 26, 2021 that Medivolve Announces Closing of “Bought Deal” Private Placement.

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Medivolve Inc. (“Medivolve” or the “Company”) (NEO:MEDV; FRA:34C1) is pleased to announce that it has closed the previously announced “bought deal” private placement of an aggregate of 20,000,000 units (the “Units”) at a price per Unit of $0.25 (the “Issue Price”) for aggregate gross proceeds to the Company of $5,000,000 (the “Offering”). Canaccord Genuity Corp. (“Canaccord”) acted as the sole lead underwriter and sole bookrunner for the Offering.

It opened the trading session at $118.75, the shares rose to $120.29 and dropped to $115.72, the range by which the price of stock traded the whole day. The daily chart for AXP points out that the company has recorded 21.25% gains over the past six months. However, it is still -73.36% lower than its most recent low trading price.

If we look at the average trading volume of 4.28M shares, AXP reached to a volume of 8916509 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about American Express Company [AXP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AXP shares is $129.32 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AXP stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for American Express Company shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 19, 2021. The new note on the price target was released on December 09, 2020, representing the official price target for American Express Company stock. Previously, the target price had yet another raise to $155, while MoffettNathanson analysts kept a Buy rating on AXP stock. On November 10, 2020, analysts increased their price target for AXP shares from 90 to 116.

The Average True Range (ATR) for American Express Company is set at 3.35, with the Price to Sales ratio for AXP stock in the period of the last 12 months amounting to 2.41. The Price to Book ratio for the last quarter was 4.27, with the Price to Cash per share for the same quarter was set at 40.47. Price to Free Cash Flow for AXP in the course of the last twelve months was 39.16.

Trading performance analysis for AXP stock

American Express Company [AXP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.36. With this latest performance, AXP shares dropped by -0.68% in over the last four-week period, additionally plugging by 21.25% over the last 6 months – not to mention a drop of -11.09% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AXP stock in for the last two-week period is set at 40.71, with the RSI for the last a single of trading hit 33.91, and the three-weeks RSI is set at 45.27 for American Express Company [AXP]. The present Moving Average for the last 50 days of trading for this stock 119.90, while it was recorded at 123.96 for the last single week of trading, and 102.79 for the last 200 days.

American Express Company [AXP]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and American Express Company [AXP] shares currently have an operating margin of +18.14 and a Gross Margin at +67.23. American Express Company’s Net Margin is presently recorded at +14.27.

Return on Total Capital for AXP is now 9.97, given the latest momentum, and Return on Invested Capital for the company is 9.97. Return on Equity for this stock inclined to 29.59, with Return on Assets sitting at 3.47. When it comes to the capital structure of this company, American Express Company [AXP] has a Total Debt to Total Equity ratio set at 278.61. Additionally, AXP Total Debt to Total Capital is recorded at 73.59, with Total Debt to Total Assets ending up at 32.41. Long-Term Debt to Equity for the company is recorded at 183.00, with the Long-Term Debt to Total Capital now at 48.34.

Reflecting on the efficiency of the workforce at the company, American Express Company [AXP] managed to generate an average of $104,062 per employee. Receivables Turnover for the company is 0.82 with a Total Asset Turnover recorded at a value of 0.24.

American Express Company [AXP]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, American Express Company posted 0.41/share EPS, while the average EPS was predicted by analysts to be reported at 1.43/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -71.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AXP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for American Express Company go to 6.65%.

An analysis of insider ownership at American Express Company [AXP]

There are presently around $79,081 million, or 87.00% of AXP stock, in the hands of institutional investors. The top three institutional holders of AXP stocks are: BERKSHIRE HATHAWAY INC with ownership of 151,610,700, which is approximately 0% of the company’s market cap and around 0.11% of the total institutional ownership; VANGUARD GROUP INC, holding 47,568,028 shares of the stock with an approximate value of $5.53 billion in AXP stocks shares; and BLACKROCK INC., currently with $5.38 billion in AXP stock with ownership of nearly 1.793% of the company’s market capitalization.

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Positions in American Express Company stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 616 institutional holders increased their position in American Express Company [NYSE:AXP] by around 29,251,090 shares. Additionally, 752 investors decreased positions by around 27,976,472 shares, while 309 investors held positions by with 623,620,763 shares. The mentioned changes placed institutional holdings at 680,848,325 shares, according to the latest SEC report filing. AXP stock had 124 new institutional investments in for a total of 2,685,483 shares, while 98 institutional investors sold positions of 1,924,980 shares during the same period.

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