The stock of Atlas Corp. (ATCO) has seen a 0.59% increase in the past week, with a 0.85% gain in the past month, and a 0.78% flourish in the past quarter. The volatility ratio for the week is 0.46%, and the volatility levels for the past 30 days are at 0.34% for ATCO. The simple moving average for the last 20 days is 0.59% for ATCO stock, with a simple moving average of 9.63% for the last 200 days.
Is It Worth Investing in Atlas Corp. (NYSE: ATCO) Right Now?
Atlas Corp. (NYSE: ATCO) has a higher price-to-earnings ratio of 7.89x compared to its average ratio. compared to its average ratio and a 36-month beta value of 0.96. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 0 as “sell.”
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
The average price point forecasted by analysts for Atlas Corp. (ATCO) is $16.88, which is $1.41 above the current market price. The public float for ATCO is 209.98M, and currently, short sellers hold a 6.31% ratio of that float. The average trading volume of ATCO on March 17, 2023 was 2.55M shares.
ATCO) stock’s latest price update
Atlas Corp. (NYSE: ATCO)’s stock price has increased by 0.26 compared to its previous closing price of 15.43. Nevertheless, the company has seen a 0.59% surge in its stock price over the last five trading sessions.
Analysts’ Opinion of ATCO
The stock of Atlas Corp. (ATCO) has seen a 0.59% increase in the past week, with a 0.85% gain in the past month, and a 0.78% flourish in the past quarter. The volatility ratio for the week is 0.46%, and the volatility levels for the past 30 days are at 0.34% for ATCO. The simple moving average for the last 20 days is 0.59% for ATCO stock, with a simple moving average of 9.63% 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 previous 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 previous year.
ATCO Trading at 1.36% 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 -1.02% of loss for the given period.
Volatility was left at 0.34%, however, over the last 30 days, the volatility rate increased by 0.46%, as shares surge +0.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.85% upper at present.
During the last 5 trading sessions, ATCO rose by +0.59%, which changed the moving average for the period of 200-days by +18.00% in comparison to the 20-day moving average, which settled at $15.39. In addition, Atlas Corp. saw 0.85% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ATCO
Current profitability levels for the company are sitting at:
- +43.23 for the present operating margin
- +56.85 for the gross margin
The net margin for Atlas Corp. stands at +36.66. Equity return is now at value 12.90, with 4.50 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.57.
Conclusion
To put it simply, Atlas Corp. (ATCO) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
