American Express Company [AXP] Stock trading around $164.68 per share: What’s Next?

American Express Company [NYSE: AXP] price plunged by -0.96 percent to reach at -$1.59. The company report on June 15, 2021 that Tenacity Venture Capital Launches to Make High-Conviction Investments in Transformative Seed Stage Companies.

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NEA is First Committed Investor for Spinout Fund.

Tenacity Venture Capital announced the launch of its inaugural fund, which will invest in transformative technology companies in the formation, pre-seed and seed stages. Founded by 25-year entrepreneur and investor Ben Narasin, the fund spins out with initial commitments from NEA as well as other leading investors and serial entrepreneurs.

A sum of 3089949 shares traded at recent session while its average daily volume was at 2.89M shares. American Express Company shares reached a high of $166.65 and dropped to a low of $164.27 until finishing in the latest session at $164.68.

The one-year AXP stock forecast points to a potential downside of -7.84. The average equity rating for AXP stock is currently 2.40, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $152.71 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.

Robert W. Baird have made an estimate for American Express Company shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 16, 2021. The new note on the price target was released on January 28, 2021, representing the official price target for American Express Company stock. Previously, the target price had yet another raise to $148, while JP Morgan analysts kept a Overweight rating on AXP stock.

The Average True Range (ATR) for American Express Company is set at 2.70, with the Price to Sales ratio for AXP stock in the period of the last 12 months amounting to 3.67. The Price to Book ratio for the last quarter was 5.42, with the Price to Cash per share for the same quarter was set at 49.91. Price to Free Cash Flow for AXP in the course of the last twelve months was 18.07.

AXP Stock Performance Analysis:

American Express Company [AXP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.36. With this latest performance, AXP shares gained by 4.99% in over the last four-week period, additionally plugging by 40.32% over the last 6 months – not to mention a rise of 55.92% 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 60.73, with the RSI for the last a single of trading hit 58.42, and the three-weeks RSI is set at 61.50 for American Express Company [AXP]. The present Moving Average for the last 50 days of trading for this stock 155.65, while it was recorded at 164.30 for the last single week of trading, and 128.04 for the last 200 days.

Insight into American Express Company Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and American Express Company [AXP] shares currently have an operating margin of +14.62 and a Gross Margin at +69.21. American Express Company’s Net Margin is presently recorded at +8.16.

Return on Total Capital for AXP is now 7.20, given the latest momentum, and Return on Invested Capital for the company is 5.22. Return on Equity for this stock inclined to 13.53, with Return on Assets sitting at 1.60. When it comes to the capital structure of this company, American Express Company [AXP] has a Total Debt to Total Equity ratio set at 195.05. Additionally, AXP Total Debt to Total Capital is recorded at 66.11, with Total Debt to Total Assets ending up at 23.43. Long-Term Debt to Equity for the company is recorded at 135.41, with the Long-Term Debt to Total Capital now at 45.89.

Reflecting on the efficiency of the workforce at the company, American Express Company [AXP] managed to generate an average of $48,901 per employee. Receivables Turnover for the company is 0.76 with a Total Asset Turnover recorded at a value of 0.20.

AXP Stock EPS

With the latest financial reports released by the company, American Express Company posted 0.29/share EPS, while the average EPS was predicted by analysts to be reported at -0.11/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 363.60%. 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 22.11%.

American Express Company [AXP] Insider Position Details

There are presently around $112,418 million, or 86.30% 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 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 47,609,422 shares of the stock with an approximate value of $7.84 billion in AXP stocks shares; and BLACKROCK INC., currently with $7.63 billion in AXP stock with ownership of nearly -0.243% 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 April and at the time of the April reporting period, where 747 institutional holders increased their position in American Express Company [NYSE:AXP] by around 32,270,648 shares. Additionally, 826 investors decreased positions by around 32,247,492 shares, while 314 investors held positions by with 618,126,503 shares. The mentioned changes placed institutional holdings at 682,644,643 shares, according to the latest SEC report filing. AXP stock had 172 new institutional investments in for a total of 3,805,962 shares, while 109 institutional investors sold positions of 10,953,771 shares during the same period.

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