Atlas Corp. (NYSE:ATCO) went down by -1.88% from its latest closing price compared to the recent 1-year high of $16.23. The company’s stock price has collected -5.63% of loss in the last five trading sessions.
Is It Worth Investing in Atlas Corp. (NYSE :ATCO) Right Now?
Atlas Corp. (NYSE:ATCO) scored a price-to-earnings ratio above its average ratio, recording 7.98 x from its present earnings ratio. Plus, the 36-month beta value for ATCO is at 1.06. Opinions of the stock are interesting as 2 analysts out of 4 who provided ratings for Atlas Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $17.48, which is $2.41 above the current price. ATCO currently public float of 245.56M and currently shorts hold a 2.03% ratio of that float. Today, the average trading volume of ATCO was 1.02M shares.
ATCO’s Market Performance
ATCO stocks went down by -5.63% for the week, with a monthly drop of -1.12% and a quarterly performance of 31.25%, while its annual performance rate touched -5.82%. The volatility ratio for the week stands at 1.94% while the volatility levels for the past 30 days are set at 1.36% for Atlas Corp. The simple moving average for the period of the last 20 days is -2.89% for ATCO stocks with a simple moving average of 4.37% for the last 200 days.
Analysts’ Opinion of ATCO
Many brokerage firms have already submitted their reports for ATCO stocks, with BMO Capital Markets repeating the rating for ATCO by listing it as a “Market Perform.” The predicted price for ATCO in the upcoming period, according to BMO Capital Markets is $14.45 based on the research report published on August 11th of the current year 2022.
BofA Securities gave a rating of “Underperform” to ATCO, setting the target price at $14.50 in the report published on February 17th of the current year.
ATCO Trading at 6.71% from the 50-Day Moving Average
After a stumble in the market that brought ATCO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.31% of loss for the given period.
Volatility was left at 1.36%, however, over the last 30 days, the volatility rate increased by 1.94%, as shares sank -1.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +33.36% upper at present.
During the last 5 trading sessions, ATCO fell by -5.63%, which changed the moving average for the period of 200-days by +3.53% in comparison to the 20-day moving average, which settled at $14.48. In addition, Atlas Corp. saw -0.78% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ATCO
Current profitability levels for the company are sitting at:
- +42.73 for the present operating margin
- +57.11 for the gross margin
The net margin for Atlas Corp. stands at +24.32. Equity return is now at value 13.40, with 4.60 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.47.