How Does Axalta Coating Systems Ltd. (AXTA) Stack Up Right Now?

Axalta Coating Systems Ltd. (AXTA) is an interesting player in the Basic Materials space, with a focus on Specialty Chemicals. The stock has been active on the tape, currently trading at $31.95, up from yesterday’s close by 2.08%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Axalta Coating Systems Ltd. (AXTA) currently trades with a market capitalization of $7.97 Billion. That value represents a market adjusting for revenues that have been growing by 15.62 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $391.5 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.35 on a per share basis this quarter. Perhaps, that suggests something about why 0.68% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how AXTA has been acting. Looking at the stock’s movement on the chart, Axalta Coating Systems Ltd. recorded a 52-week high of $38.20. It is now trading 6.25% off that level. The stock is trading $31.30 its 50-day moving average by -0.65%. The stock carved out a 52-week low down at $27.77.

In recent action, Axalta Coating Systems Ltd. (AXTA) has made a move of -0.68% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.61, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 3.17% with $242.93 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of AXTA.

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