The stock price of Amphenol Corp. (NYSE: APH) has plunged by -1.13 when compared to previous closing price of 115.35, but the company has seen a -0.32% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-27 that Does Amphenol (APH) have what it takes to be a top stock pick for momentum investors? Let’s find out.
Is It Worth Investing in Amphenol Corp. (NYSE: APH) Right Now?
Amphenol Corp. (NYSE: APH) has a higher price-to-earnings ratio of 36.71x compared to its average ratio. APH has 36-month beta value of 1.31. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 4 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for APH is 596.12M, and currently, short sellers hold a 1.20% ratio of that float. The average trading volume of APH on April 02, 2024 was 2.60M shares.
APH’s Market Performance
The stock of Amphenol Corp. (APH) has seen a -0.32% decrease in the past week, with a 4.40% rise in the past month, and a 14.69% gain in the past quarter. The volatility ratio for the week is 2.27%, and the volatility levels for the past 30 days are at 1.64% for APH. The simple moving average for the last 20 days is 2.10% for APH stock, with a simple moving average of 23.70% for the last 200 days.
Analysts’ Opinion of APH
Many brokerage firms have already submitted their reports for APH stocks, with Citigroup repeating the rating for APH by listing it as a “Buy.” The predicted price for APH in the upcoming period, according to Citigroup is $117 based on the research report published on January 05, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see APH reach a price target of $93. The rating they have provided for APH stocks is “Outperform” according to the report published on October 05th, 2023.
Credit Suisse gave a rating of “Neutral” to APH, setting the target price at $77 in the report published on May 19th of the previous year.
APH Trading at 6.82% from the 50-Day Moving Average
After a stumble in the market that brought APH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.63% of loss for the given period.
Volatility was left at 1.64%, however, over the last 30 days, the volatility rate increased by 2.27%, as shares surge +2.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.94% upper at present.
During the last 5 trading sessions, APH fell by -0.32%, which changed the moving average for the period of 200-days by +41.12% in comparison to the 20-day moving average, which settled at $111.86. In addition, Amphenol Corp. saw 15.05% 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 APH starting from Straub Peter, who sale 20,000 shares at the price of $110.64 back on Mar 06 ’24. After this action, Straub Peter now owns 0 shares of Amphenol Corp., valued at $2,212,800 using the latest closing price.
Lampo Craig A, the SR VP & CFO of Amphenol Corp., sale 100,000 shares at $104.67 during a trade that took place back on Feb 08 ’24, which means that Lampo Craig A is holding 147,045 shares at $10,466,690 based on the most recent closing price.
Stock Fundamentals for APH
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.33 for the gross margin
The net margin for Amphenol Corp. stands at 0.15. The total capital return value is set at 0.19. Equity return is now at value 25.10, with 12.11 for asset returns.
Based on Amphenol Corp. (APH), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.58. The debt to equity ratio resting at 0.52. The interest coverage ratio of the stock is 18.35.
Currently, EBITDA for the company is 3.03 billion with net debt to EBITDA at 0.94. When we switch over and look at the enterprise to sales, we see a ratio of 5.68. The receivables turnover for the company is 4.79for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.17.
Conclusion
To put it simply, Amphenol Corp. (APH) 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.
