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How Will the Market React to Axos Financial Inc (AX) Stock Getting a Bullish Rating

Wednesday, November 03, 2021 10:57 AM | InvestorsObserver Analysts

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How Will the Market React to Axos Financial Inc (AX) Stock Getting a Bullish Rating

Axos Financial Inc (AX) stock is higher by 12.21% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Axos Financial Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AX!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With AX Stock Today?

Axos Financial Inc (AX) stock has gained 3.43% while the S&P 500 has fallen -0.05% as of 10:41 AM on Wednesday, Nov 3. AX has risen $1.90 from the previous closing price of $55.37 on volume of 178,409 shares. Over the past year the S&P 500 is higher by 39.82% while AX has risen 101.02%. AX earned $3.67 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 15.67. To screen for more stocks like Axos Financial Inc click here.

More About Axos Financial Inc

Axos Financial Inc is a bank holding company that operates through its bank subsidiary, BofI Federal Bank, a nationwide bank that provides financing for single and multifamily residential properties, small to medium-size businesses in certain sectors, and selected specialty finance receivables. Its operating segments are banking and securities business. The bank distributed its products through a wide range of retail distribution channels, including only banking brands, affinity groups, and sales teams, among others. The majority of the bank's mortgage exposure is titled toward the state of California, particularly its southern region. Net interest income is a majority of the bank's revenue. Click Here to get the full Stock Report for Axos Financial Inc stock.

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