ACCESSCORP Stock :A Big Momentum

1 minute read

In spite of a marginal drop on Wednesday, April 13, 2022, a bigger picture shows Access Bank’s stock has displayed a strong momentum this year . . Access Holdings Plc, ACCESSCORP closed its last trading day at N10.35 per share on the Nigerian Stock Exchange (NGX), recording a 0.5% drop from its previous closing price of 10.40 NGN. By its current price its market capitalization stands at ₦359.5b.

However , Access Bank which began the year with a share price of 9.30 NGN has since gained 11.3% on that price valuation, ranking it 33rd on the NGX in terms of year-to-date performance. Moreover , its year on year profile indicates 28.4 % returns .ACCESSCORP exceeded the NG Banks industry which returned 20.2% over the past year; it also exceeded the NG Market which returned 17.3% over the past year

Access Holdings is believed by analysts to be undervalued compared to its fair value and its price relative to the market .ACCESSCORP (NGN10.4) is trading below analysts estimate of fair value (NGN11.21, but not by a significant amount.

ACCESSCORP is good value based on its PE Ratio (2.3x) compared to the NG Banks industry average (3.3x); it is also a good value based on its PE Ratio (2.3x) compared to the NG market (8.5x). ; however while its Price to Earnings Growth Ratio ,PEG Ratio, is poor value based on its PEG Ratio (6x), ACCESSCORP is good value based on its PB Ratio (0.4x) compared to the NG Banks industry average (0.5x).

Access Holdings is the fifth most traded stock on the Nigerian Stock Exchange over the past three months (Jan 17 – Apr 13, 2022). ACCESSCORP has traded a total volume of 1.05 billion shares—in 12,741 deals—valued at NGN 10.7 billion over the period, with an average of 16.7 million traded shares per session. A volume high of 55.4 million was achieved on February 15th for the same period. The table below details the last 10 trading days of activity of Access on the Nigerian Stock Exchange.

Shareholder Returns