The stock of Atmos Energy Corporation (ATO) has gone up by 1.24% for the week, with a -2.59% drop in the past month and a -4.39% drop in the past quarter. The volatility ratio for the week is 2.79%, and the volatility levels for the past 30 days are 2.09% for ATO. The simple moving average for the last 20 days is 0.21% for ATO stock, with a simple moving average of 0.97% for the last 200 days.
Is It Worth Investing in Atmos Energy Corporation (NYSE: ATO) Right Now?
Atmos Energy Corporation (NYSE: ATO) has a price-to-earnings ratio that is above its average at 20.14x. and a 36-month beta value of 0.62. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The average price predicted for Atmos Energy Corporation (ATO) by analysts is $126.00, which is $13.39 above the current market price. The public float for ATO is 139.25M, and at present, short sellers hold a 5.15% of that float. On March 16, 2023, the average trading volume of ATO was 757.19K shares.
ATO) stock’s latest price update
Atmos Energy Corporation (NYSE: ATO)’s stock price has increased by 1.54 compared to its previous closing price of 112.05. but the company has seen a 1.24% gain in its stock price over the last five trading sessions.
Analysts’ Opinion of ATO
The stock of Atmos Energy Corporation (ATO) has gone up by 1.24% for the week, with a -2.59% drop in the past month and a -4.39% drop in the past quarter. The volatility ratio for the week is 2.79%, and the volatility levels for the past 30 days are 2.09% for ATO. The simple moving average for the last 20 days is 0.21% for ATO stock, with a simple moving average of 0.97% for the last 200 days.
Analysts’ Opinion of ATO
Many brokerage firms have already submitted their reports for ATO stocks, with Goldman repeating the rating for ATO by listing it as a “Neutral.” The predicted price for ATO in the upcoming period, according to Goldman is $113 based on the research report published on May 13th of the previous year 2022.
Credit Suisse, on the other hand, stated in their research note that they expect to see ATO reach a price target of $133. The rating they have provided for ATO stocks is “Outperform” according to the report published on April 26th, 2022.
BofA Securities gave a rating of “Buy” to ATO, setting the target price at $107 in the report published on December 15th of the previous year.
ATO Trading at -0.48% from the 50-Day Moving Average
After a stumble in the market that brought ATO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.46% of loss for the given period.
Volatility was left at 2.09%, however, over the last 30 days, the volatility rate increased by 2.79%, as shares sank -1.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.53% upper at present.
During the last 5 trading sessions, ATO rose by +1.24%, which changed the moving average for the period of 200-days by -2.54% in comparison to the 20-day moving average, which settled at $113.44. In addition, Atmos Energy Corporation saw 1.53% 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 ATO starting from COCKLIN KIM R, who sale 12,500 shares at the price of $117.14 back on Feb 06. After this action, COCKLIN KIM R now owns 228,846 shares of Atmos Energy Corporation, valued at $1,464,295 using the latest closing price.
THOMAS RICHARD M, the VICE PRESIDENT & CONTROLLER of Atmos Energy Corporation, sale 1,100 shares at $110.37 during a trade that took place back on Nov 15, which means that THOMAS RICHARD M is holding 2,891 shares at $121,407 based on the most recent closing price.
Stock Fundamentals for ATO
Current profitability levels for the company are sitting at:
- +21.92 for the present operating margin
- +30.30 for the gross margin
The net margin for Atmos Energy Corporation stands at +18.42.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.85.
Conclusion
To sum up, Atmos Energy Corporation (ATO) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
