Axos Financial Quietly Nears 52-Week Highs with Strong Momentum

Axos Financial (AX) is nearing its 52-week highs with strong technical momentum, up 48% in the past year. The company has a Trend Seeker “Buy” signal and an 88% overall “Buy” rating. Valued at $4.7 billion, Axos provides financing for various sectors and has solid fundamentals.

Shares of Axos hit a new year-to-date high of $84.65 on July 7, close to their 52-week high. The stock has a technical “Buy” signal, trades above its moving averages, and has gained 48.3% in the past year. With a Weighted Alpha of +38.85, the stock remains strong.

Axos has a market cap of $4.7 billion, a P/E ratio of 11.3x, and revenue and earnings growth projections. While analysts have mixed opinions on the stock, it remains popular among investors. With momentum and hitting new highs, Axos is volatile and speculative, requiring careful risk management.

Read more at Yahoo Finance: This Underrated Bank Stock Is Quietly Soaring