Alert: Positive Investment/Fundamental Signals (5/3/24)-Axos Financial Inc. (NYSE: AX)

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Axos Financial Inc. (NYSE: AX) has benefited from important positive changes in fundamentals: the consensus estimate for June, 2025 increased significantly, the consensus estimate for June, 2024 increased significantly, and significant quarterly earnings acceleration occurred.

Recent exceptional positive changes in investment behavior have benefitted Axos Financial Inc. (NYSE: AX): its shorter term price trend turned up, and positive upside/downside volume developed.

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.

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Current PriceTarget Research Rating

AX’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

Axos Financial has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Axos Financial has a good Appreciation Score of 81 and a very high Power Rating of 89, producing the Highest Value Trend Rating.

Recent Price Action

Axos Financial Inc. (NYSE: AX) stock closed at $57.53 on 5/3/24 after a modest gain of 0.4%. Moreover, this advance was accompanied by above average trading volume at 132% of normal. The stock has risen 8.7% during the last week and has been exceptionally strong relative to the market over the last nine months.

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