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What Makes Axos Financial (AX) a Strong Momentum Stock: Buy Now?
ZACKSยท 2025-06-24 17:01
Company Overview - Axos Financial (AX) currently holds a Momentum Style Score of B, indicating a favorable position in momentum investing [3] - The company has a Zacks Rank of 2 (Buy), which is associated with a strong track record of outperformance [4] Price Performance - Over the past week, shares of Axos Financial have increased by 2.84%, while the Zacks Financial - Miscellaneous Services industry remained flat [6] - In a longer time frame, AX's monthly price change is 7.09%, significantly outperforming the industry's 0.72% [6] - Over the past quarter, shares have risen by 15.48%, and over the last year, they have gained 35.15%, compared to the S&P 500's increases of 6.75% and 11.69%, respectively [7] Trading Volume - The average 20-day trading volume for Axos Financial is 325,181 shares, which serves as a baseline for price-to-volume analysis [8] Earnings Outlook - In the past two months, two earnings estimates for Axos Financial have been revised upwards, while none have been revised downwards, leading to an increase in the consensus estimate from $7.22 to $7.38 [10] - For the next fiscal year, one estimate has moved upwards with no downward revisions during the same period [10] Conclusion - Considering the positive price trends and earnings outlook, Axos Financial is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [12]