AXTA Stock Summary and Trading Ideas (Axalta Coating Systems Ltd. Common Shares | NYSE:AXTA)

Axalta Coating Systems Ltd is a manufacturer, marketer and distributor of high-performance coatings systems. It operates in two segments, The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base. Its end markets include refinish and industrial. The Mobility Coatings segment relates to the provision of coating technologies to original equipment manufacturers of light and commercial vehicles. The company operates in the geographic areas of North America, EMEA countries, Asia-Pacific and Latin America.

Axalta Coating Systems Ltd. Common Shares trades on the NYSE stock market under the symbol AXTA.

As of April 18, 2024, AXTA stock price declined to $31.75 with 441,075 million shares trading.

AXTA has a beta of 1.66, meaning it tends to be more sensitive to market movements. AXTA has a correlation of 0.55 to the broad based SPY ETF.

AXTA has a market cap of $6.99 billion. This is considered a Mid Cap stock.

Last quarter Axalta Coating Systems Ltd. Common Shares reported $1 billion in Revenue and $.43 earnings per share. This beat revenue expectation by $17 million and missed earnings estimates by -$.01.

In the last 3 years, AXTA stock traded as high as $34.54 and as low as $20.66.

The top ETF exchange traded funds that AXTA belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.

AXTA has underperformed the market in the last year with a price return of +0.5% while the SPY ETF gained +22.4%. AXTA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.6% and -5.4%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

AXTA support price is $31.36 and resistance is $32.20 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AXTA stock will trade within this expected range on the day.