Alert: Positive Investment/Fundamental Signals (6/5/24)-Axos Financial Inc. (NYSE: AX)

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

Axos Financial Inc. (NYSE: AX). Important positive changes in investment behavior have recently occurred. Positive developments: the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend. Negative development: its shorter term price trend turned down.

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 84 and a very high Power Rating of 89, triggering the Highest Value Trend Rating.

Recent Price Action

Axos Financial Inc. (NYSE: AX) stock closed at $51.67 on 6/5/24 after a large increase of 2.8%. Moreover, exceptionally high trading volume at 222% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but has declined -7.4% during the last week.

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