Ametek Inc (NYSE: AME)’s stock price has decreased by -0.98 compared to its previous closing price of 181.11. However, the company has seen a -2.38% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-28 that The Zacks Electronics – Testing Equipment industry players, such as AME, FTV and ITRI, are poised to benefit from the solid demand for testing instruments and 5G prospects.
Is It Worth Investing in Ametek Inc (NYSE: AME) Right Now?
Ametek Inc (NYSE: AME) has a price-to-earnings ratio of 31.62x that is above its average ratio. Additionally, the 36-month beta value for AME is 1.22. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 6 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for AME is 229.92M and currently, short sellers hold a 1.28% ratio of that float. The average trading volume of AME on April 05, 2024 was 964.05K shares.
AME’s Market Performance
AME stock saw a decrease of -2.38% in the past week, with a monthly decline of -0.06% and a quarterly a decrease of 11.67%. The volatility ratio for the week is 1.30%, and the volatility levels for the last 30 days are 1.17% for Ametek Inc (AME). The simple moving average for the last 20 days is -1.46% for AME stock, with a simple moving average of 11.84% for the last 200 days.
Analysts’ Opinion of AME
Many brokerage firms have already submitted their reports for AME stocks, with Truist repeating the rating for AME by listing it as a “Buy.” The predicted price for AME in the upcoming period, according to Truist is $210 based on the research report published on March 14, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see AME reach a price target of $160, previously predicting the price at $165. The rating they have provided for AME stocks is “Market Perform” according to the report published on November 27th, 2023.
Exane BNP Paribas gave a rating of “Neutral” to AME, setting the target price at $159 in the report published on October 05th of the previous year.
AME Trading at 2.17% from the 50-Day Moving Average
After a stumble in the market that brought AME to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.75% of loss for the given period.
Volatility was left at 1.17%, however, over the last 30 days, the volatility rate increased by 1.30%, as shares sank -0.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.61% upper at present.
During the last 5 trading sessions, AME fell by -2.38%, which changed the moving average for the period of 200-days by +15.03% in comparison to the 20-day moving average, which settled at $181.95. In addition, Ametek Inc saw 8.76% 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 AME starting from Kohlhagen Steven W, who sale 1,365 shares at the price of $182.22 back on Mar 26 ’24. After this action, Kohlhagen Steven W now owns 27,719 shares of Ametek Inc, valued at $248,728 using the latest closing price.
AMATO THOMAS A, the Director of Ametek Inc, sale 780 shares at $182.00 during a trade that took place back on Mar 26 ’24, which means that AMATO THOMAS A is holding 10,240 shares at $141,960 based on the most recent closing price.
Stock Fundamentals for AME
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.36 for the gross margin
The net margin for Ametek Inc stands at 0.2. The total capital return value is set at 0.14. Equity return is now at value 16.21, with 9.57 for asset returns.
Based on Ametek Inc (AME), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.52. The debt to equity ratio resting at 0.38. The interest coverage ratio of the stock is 20.87.
Currently, EBITDA for the company is 2.03 billion with net debt to EBITDA at 1.63. When we switch over and look at the enterprise to sales, we see a ratio of 6.72. The receivables turnover for the company is 6.51for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.98.
Conclusion
In conclusion, Ametek Inc (AME) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
