Riding the Trend or Protecting Profits | Atkore Inc. (ATKR) – News Heater
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Riding the Trend or Protecting Profits | Atkore Inc. (ATKR)

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Atkore Inc. (NYSE:ATKR) went up by 2.66% from its latest closing price compared to the recent 1-year high of $118.49. The company’s stock price has collected 9.72% of gains in the last five trading sessions. Press Release reported on 11/23/21 that Atkore Inc. to Participate at the Credit Suisse 9(th) Annual Industrials Virtual Conference

Is It Worth Investing in Atkore Inc. (NYSE :ATKR) Right Now?

Atkore Inc. (NYSE:ATKR) scored a price-to-earnings ratio above its average ratio, recording 12.45 x from its present earnings ratio. Plus, the 36-month beta value for ATKR is at 2.47. Opinions of the stock are interesting as 3 analysts out of 4 who provided ratings for Atkore Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $126.25, which is $3.74 above the current price. ATKR currently public float of 45.73M and currently shorts hold a 2.46% ratio of that float. Today, the average trading volume of ATKR was 401.83K shares.

ATKR’s Market Performance

ATKR stocks went up by 9.72% for the week, with a monthly jump of 20.47% and a quarterly performance of 29.11%, while its annual performance rate touched 192.54%. The volatility ratio for the week stands at 6.37% while the volatility levels for the past 30 days are set at 4.33% for Atkore Inc.. The simple moving average for the period of the last 20 days is 9.49% for ATKR stocks with a simple moving average of 39.44% for the last 200 days.

Analysts’ Opinion of ATKR

Many brokerage firms have already submitted their reports for ATKR stocks, with CJS Securities repeating the rating for ATKR by listing it as a “Market Outperform.” The predicted price for ATKR in the upcoming period, according to CJS Securities is $90 based on the research report published on March 18th of the current year 2021.

Credit Suisse, on the other hand, stated in their research note that they expect to see ATKR reach a price target of $54. The rating they have provided for ATKR stocks is “Outperform” according to the report published on January 04th, 2021.

RBC Capital Mkts gave a rating of “Outperform” to ATKR, setting the target price at $46 in the report published on November 25th of the previous year.

ATKR Trading at 18.41% from the 50-Day Moving Average

After a stumble in the market that brought ATKR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.62% of loss for the given period.

Volatility was left at 4.33%, however, over the last 30 days, the volatility rate increased by 6.37%, as shares surge +25.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.53% upper at present.

During the last 5 trading sessions, ATKR rose by +9.72%, which changed the moving average for the period of 200-days by +82.10% in comparison to the 20-day moving average, which settled at $104.35. In addition, Atkore Inc. saw 174.90% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ATKR starting from Waltz William E Jr., who sale 54,882 shares at the price of $89.13 back on Aug 24. After this action, Waltz William E Jr. now owns 142,074 shares of Atkore Inc., valued at $4,891,753 using the latest closing price.

Kelly Daniel S, the VP, General Counsel and Sec. of Atkore Inc., sale 5,000 shares at $94.25 during a trade that took place back on Aug 11, which means that Kelly Daniel S is holding 47,213 shares at $471,250 based on the most recent closing price.

Stock Fundamentals for ATKR

Current profitability levels for the company are sitting at:

  • +13.27 for the present operating margin
  • +26.00 for the gross margin

The net margin for Atkore Inc. stands at +8.44. The total capital return value is set at 20.36, while invested capital returns managed to touch 13.04. Equity return is now at value 90.50, with 30.50 for asset returns.

Based on Atkore Inc. (ATKR), the company’s capital structure generated 222.95 points at debt to equity in total, while total debt to capital is 69.04. Total debt to assets is 54.13, with long-term debt to equity ratio resting at 218.78. Finally, the long-term debt to capital ratio is 67.74.

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When we switch over and look at the enterprise to sales, we see a ratio of 2.27, with the company’s debt to enterprise value settled at 0.51. The receivables turnover for the company is 5.75 and the total asset turnover is 1.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.00.

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