Adient plc (NYSE:ADNT) went down by -3.71% from its latest closing price compared to the recent 1-year high of $50.22. The company’s stock price has collected -1.50% of loss in the last five trading sessions.
Is It Worth Investing in Adient plc (NYSE :ADNT) Right Now?
Plus, the 36-month beta value for ADNT is at 2.74. Opinions of the stock are interesting as 4 analysts out of 11 who provided ratings for Adient plc declared the stock was a “buy,” while 1 rated the stock as “overweight,” 4 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $41.67, which is $0.12 above the current price. ADNT currently public float of 94.16M and currently shorts hold a 4.21% ratio of that float. Today, the average trading volume of ADNT was 827.65K shares.
ADNT’s Market Performance
ADNT stocks went down by -1.50% for the week, with a monthly jump of 16.69% and a quarterly performance of 25.40%, while its annual performance rate touched -5.19%. The volatility ratio for the week stands at 3.16% while the volatility levels for the past 30 days are set at 3.49% for Adient plc. The simple moving average for the period of the last 20 days is 7.13% for ADNT stocks with a simple moving average of 21.29% for the last 200 days.
Analysts’ Opinion of ADNT
Many brokerage firms have already submitted their reports for ADNT stocks, with BofA Securities repeating the rating for ADNT by listing it as a “Buy.” The predicted price for ADNT in the upcoming period, according to BofA Securities is $52 based on the research report published on January 09th of the current year 2023.
Deutsche Bank, on the other hand, stated in their research note that they expect to see ADNT reach a price target of $39. The rating they have provided for ADNT stocks is “Hold” according to the report published on November 08th, 2022.
RBC Capital Mkts gave a rating of “Sector Perform” to ADNT, setting the target price at $36 in the report published on November 07th of the previous year.
ADNT Trading at 9.51% from the 50-Day Moving Average
After a stumble in the market that brought ADNT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.73% of loss for the given period.
Volatility was left at 3.49%, however, over the last 30 days, the volatility rate increased by 3.16%, as shares surge +22.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.52% upper at present.
During the last 5 trading sessions, ADNT fell by -1.50%, which changed the moving average for the period of 200-days by +21.07% in comparison to the 20-day moving average, which settled at $38.96. In addition, Adient plc saw 19.11% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at ADNT starting from DELGROSSO DOUGLAS G, who sale 50,000 shares at the price of $40.33 back on Jan 09. After this action, DELGROSSO DOUGLAS G now owns 617,757 shares of Adient plc, valued at $2,016,500 using the latest closing price.
Carlin Peter, the Director of Adient plc, sale 2,052 shares at $38.50 during a trade that took place back on Nov 30, which means that Carlin Peter is holding 28,593 shares at $79,002 based on the most recent closing price.
Stock Fundamentals for ADNT
Equity return is now at value -5.40, with -1.20 for asset returns.