Adient plc (NYSE: ADNT) has seen a decline in its stock price by -4.85 in relation to its previous close of 31.78. However, the company has experienced a -5.00% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-02-16 that Adient (ADNT) reports lower-than-expected first-quarter results and envisions fiscal 2024 revenues in the range of $15.40-$15.50 billion, down from the previous guidance of $15.60-$15.70 billion.
Is It Worth Investing in Adient plc (NYSE: ADNT) Right Now?
The price-to-earnings ratio for Adient plc (NYSE: ADNT) is 13.44x, which is above its average ratio. Moreover, the 36-month beta value for ADNT is 2.40. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for ADNT is 89.67M and currently, short sellers hold a 5.87% of that float. On April 11, 2024, ADNT’s average trading volume was 1.04M shares.
ADNT’s Market Performance
ADNT stock saw a decrease of -5.00% in the past week, with a monthly decline of -14.36% and a quarterly a decrease of -11.11%. The volatility ratio for the week is 3.13%, and the volatility levels for the last 30 days are 3.24% for Adient plc (ADNT). The simple moving average for the last 20 days is -7.18% for ADNT stock, with a simple moving average of -15.94% for the last 200 days.
Analysts’ Opinion of ADNT
UBS, on the other hand, stated in their research note that they expect to see ADNT reach a price target of $43. The rating they have provided for ADNT stocks is “Neutral” according to the report published on September 13th, 2023.
ADNT Trading at -10.29% from the 50-Day Moving Average
After a stumble in the market that brought ADNT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -34.98% of loss for the given period.
Volatility was left at 3.24%, however, over the last 30 days, the volatility rate increased by 3.13%, as shares sank -12.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.89% lower at present.
During the last 5 trading sessions, ADNT fell by -5.00%, which changed the moving average for the period of 200-days by -16.30% in comparison to the 20-day moving average, which settled at $32.37. In addition, Adient plc saw -16.83% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ADNT starting from Berthelin Michel Pierre Rose, who sale 1,300 shares at the price of $34.22 back on Feb 20 ’24. After this action, Berthelin Michel Pierre Rose now owns 92,662 shares of Adient plc, valued at $44,486 using the latest closing price.
Tiltmann Heather M, the EVP, CLO, CHRO & Secretary of Adient plc, sale 10,000 shares at $33.68 during a trade that took place back on Feb 14 ’24, which means that Tiltmann Heather M is holding 55,669 shares at $336,800 based on the most recent closing price.
Stock Fundamentals for ADNT
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.07 for the gross margin
The net margin for Adient plc stands at 0.02. The total capital return value is set at 0.08. Equity return is now at value 9.52, with 2.29 for asset returns.
Based on Adient plc (ADNT), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 1.11. The interest coverage ratio of the stock is 2.41.
Currently, EBITDA for the company is 870.0 million with net debt to EBITDA at 1.76. When we switch over and look at the enterprise to sales, we see a ratio of 0.28. The receivables turnover for the company is 9.25for trailing twelve months and the total asset turnover is 1.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.15.
Conclusion
To wrap up, the performance of Adient plc (ADNT) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
