Axis Capital Holdings Ltd. stock trades under the ticker AXS & has shown recent bullishness that traders & investors should research further into.
AXS stock closed at $51.51/share on 8/9/2022.
Axis Capital Holdings Ltd. AXS Stock’s Technical Performance Broken Down
AXS: $51.51
10 Day Moving Average: $50.30
50 Day Moving Average: $54.41
200 Day Moving Average: $54.23
MACD: -1.21
RSI: 46.12
Yesterday, AXS stock completed a bullish MACD crossover, notching a third straight day of gains & settling above its 10 day moving average.
Recent trading volumes have been about average for the year, and their RSI is neutral, signaling that there may be some momentum to come in the near-term.
They have support at $51.33 & $49.46/share, while they try to break above the $51.59 & $51.87/share resistance levels.
Axis Capital Holdings Ltd. AXS Stock As A Long-Term Investment
Long-term oriented investors will like AXS stock’s valuation metrics, with a 10.55 P/E (ttm) & a 1.04 P/B (mrq).
Investors should be concerned by their recent reporting of -10.6% Quarterly Revenue Growth Y-o-Y, with -85.2% Quarterly Earnings Growth Y-o-Y.
Their balance sheet may warrant a closer examination, with $910.6M of Total Cash (mrq) & $1.42B of Total Debt (mrq).
AXS stock pays a 3.35% dividend yield, which looks to be sustainable in the long-term, as their payout ratio is 35.4%.
92.2% of AXS stock’s outstanding share float is owned by institutional investors.
Axis Capital Holdings Ltd. AXS Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to protect their portfolio from market volatility, while profiting from movements in AXS stock’s price.
I am looking at the contracts with the 8/19 expiration date.
The $50 call options are in-the-money.
The $55 & $60 puts are also in-the-money, with the former having more open interest than the latter.
Tying It All Together
AXS stock has many interesting attributes that are worth taking a look into.
Investors will like their valuation metrics & dividend yield, but may want to look into their balance sheet & recent growth concerns.
Traders will like their current technical set up, but will be disappointed by how illiquid their options are.
Overall, it is worth taking a deeper dive into AXS stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF AXS STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***