The stock of Atkore Inc (ATKR) has seen a -3.51% decrease in the past week, with a 10.86% gain in the past month, and a 16.44% flourish in the past quarter. The volatility ratio for the week is 3.74%, and the volatility levels for the past 30 days are at 3.01% for ATKR. The simple moving average for the past 20 days is -0.01% for ATKR’s stock, with a 19.66% simple moving average for the past 200 days.
Is It Worth Investing in Atkore Inc (NYSE: ATKR) Right Now?
The price-to-earnings ratio for Atkore Inc (NYSE: ATKR) is above average at 10.76x. The 36-month beta value for ATKR is also noteworthy at 2.18. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for ATKR is 36.24M, and at present, short sellers hold a 14.34% of that float. The average trading volume of ATKR on April 05, 2024 was 442.59K shares.
ATKR) stock’s latest price update
Atkore Inc (NYSE: ATKR)’s stock price has dropped by -4.35 in relation to previous closing price of 187.69. Nevertheless, the company has seen a loss of -3.51% in its stock price over the last five trading days. The Motley Fool reported 2024-03-09 that A hardware and software company helps infrastructure builders generate significant productivity. Copper is a key component in global infrastructure, and in electrification in particular.
Analysts’ Opinion of ATKR
Many brokerage firms have already submitted their reports for ATKR stocks, with B. Riley Securities repeating the rating for ATKR by listing it as a “Buy.” The predicted price for ATKR in the upcoming period, according to B. Riley Securities is $146 based on the research report published on December 13, 2022 of the previous year 2022.
Loop Capital, on the other hand, stated in their research note that they expect to see ATKR reach a price target of $110. The rating they have provided for ATKR stocks is “Buy” according to the report published on October 19th, 2022.
CJS Securities gave a rating of “Market Outperform” to ATKR, setting the target price at $90 in the report published on March 18th of the previous year.
ATKR Trading at 9.76% from the 50-Day Moving Average
After a stumble in the market that brought ATKR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.93% of loss for the given period.
Volatility was left at 3.01%, however, over the last 30 days, the volatility rate increased by 3.74%, as shares surge +9.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.27% upper at present.
During the last 5 trading sessions, ATKR fell by -3.51%, which changed the moving average for the period of 200-days by +28.35% in comparison to the 20-day moving average, which settled at $180.31. In addition, Atkore Inc saw 12.20% 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 ATKR starting from Lowe LeAngela W., who sale 6,500 shares at the price of $176.07 back on Mar 14 ’24. After this action, Lowe LeAngela W. now owns 25,590 shares of Atkore Inc, valued at $1,144,435 using the latest closing price.
Kershaw Justin A, the Director of Atkore Inc, sale 1,099 shares at $171.77 during a trade that took place back on Mar 13 ’24, which means that Kershaw Justin A is holding 16,686 shares at $188,773 based on the most recent closing price.
Stock Fundamentals for ATKR
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.37 for the gross margin
The net margin for Atkore Inc stands at 0.19. The total capital return value is set at 0.34. Equity return is now at value 46.42, with 23.41 for asset returns.
Based on Atkore Inc (ATKR), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.84. The debt to equity ratio resting at 0.61. The interest coverage ratio of the stock is 24.97.
Currently, EBITDA for the company is 893.49 million with net debt to EBITDA at 0.58. When we switch over and look at the enterprise to sales, we see a ratio of 2.05. The receivables turnover for the company is 6.73for trailing twelve months and the total asset turnover is 1.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.96.
Conclusion
In summary, Atkore Inc (ATKR) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
