The stock of Altra Industrial Motion Corp. (AIMC) has gone down by 0.00% for the week, with a 0.49% rise in the past month and a 3.93% rise in the past quarter. The volatility ratio for the week is 0.24%, and the volatility levels for the past 30 days are 0.19% for AIMC. The simple moving average for the last 20 days is 0.06% for AIMC stock, with a simple moving average of 28.01% for the last 200 days.
Is It Worth Investing in Altra Industrial Motion Corp. (NASDAQ: AIMC) Right Now?
The price-to-earnings ratio for Altra Industrial Motion Corp. (NASDAQ: AIMC) is above average at 31.70x, while the 36-month beta value is 2.18.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for Altra Industrial Motion Corp. (AIMC) is $62.00, which is -$2.5 below the current market price. The public float for AIMC is 64.47M, and currently, short sellers hold a 7.86% ratio of that floaft. The average trading volume of AIMC on March 15, 2023 was 979.06K shares.
AIMC) stock’s latest price update
Altra Industrial Motion Corp. (NASDAQ: AIMC)’s stock price has increased by 0.46 compared to its previous closing price of 61.31. Barron’s reported on 05/03/21 that 3 Good Reasons to Buy This Small-Cap Stock
Analysts’ Opinion of AIMC
The stock of Altra Industrial Motion Corp. (AIMC) has gone down by 0.00% for the week, with a 0.49% rise in the past month and a 3.93% rise in the past quarter. The volatility ratio for the week is 0.24%, and the volatility levels for the past 30 days are 0.19% for AIMC. The simple moving average for the last 20 days is 0.06% for AIMC stock, with a simple moving average of 28.01% for the last 200 days.
Analysts’ Opinion of AIMC
Many brokerage firms have already submitted their reports for AIMC stocks, with Loop Capital repeating the rating for AIMC by listing it as a “Hold.” The predicted price for AIMC in the upcoming period, according to Loop Capital is $62 based on the research report published on March 03rd of the current year 2023.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see AIMC reach a price target of $62, previously predicting the price at $50. The rating they have provided for AIMC stocks is “Market Perform” according to the report published on December 21st, 2022.
Robert W. Baird gave a rating of “Neutral” to AIMC, setting the target price at $62 in the report published on November 01st of the previous year.
AIMC Trading at 1.03% from the 50-Day Moving Average
After a stumble in the market that brought AIMC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.23% of loss for the given period.
Volatility was left at 0.19%, however, over the last 30 days, the volatility rate increased by 0.24%, as shares surge +0.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.13% upper at present.
During the last 5 trading sessions, AIMC remain unchanged, which changed the moving average for the period of 200-days by +68.74% in comparison to the 20-day moving average, which settled at $61.56. In addition, Altra Industrial Motion Corp. saw 3.08% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for AIMC
Current profitability levels for the company are sitting at:
- +13.30 for the present operating margin
- +35.62 for the gross margin
The net margin for Altra Industrial Motion Corp. stands at +6.53. Equity return is now at value 6.50, with 3.40 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.22.
Conclusion
In a nutshell, Altra Industrial Motion Corp. (AIMC) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
