Axos Financial Inc. (NYSE: AX) has benefited from exceptional positive changes in investment behavior: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Axos Financial Inc. (NYSE: AX) has benefited from minimal positive changes in fundamentals: the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
AX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Axos Financial has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Axos Financial has a good Power Rating of 70 and a very high Appreciation Score of 86, producing the Highest Value Trend Rating.
Recent Price Action
Axos Financial Inc. (NYSE: AX) stock declined slightly by -0.4% on 12/5/23. The stock closed at $43.37. However, trading volume in this decline was below average at 73% of normal. Relative to the market the stock has been strong over the last nine months and has risen 13.7% during the last week.
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