Aramark (NYSE: ARMK)’s stock price has dropped by -0.38 in relation to previous closing price of 31.59. Nevertheless, the company has seen a loss of -3.26% in its stock price over the last five trading days. Zacks Investment Research reported 2024-02-14 that Here is how Aramark (ARMK) and European Wax Center, Inc. (EWCZ) have performed compared to their sector so far this year.
Is It Worth Investing in Aramark (NYSE: ARMK) Right Now?
The price-to-earnings ratio for Aramark (NYSE: ARMK) is above average at 13.17x, Company’s 36-month beta value is 1.47.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for ARMK is 260.52M, and currently, short sellers hold a 2.24% ratio of that floaft. The average trading volume of ARMK on April 16, 2024 was 2.54M shares.
ARMK’s Market Performance
ARMK stock saw a decrease of -3.26% in the past week, with a monthly decline of -0.94% and a quarterly a decrease of 9.42%. The volatility ratio for the week is 1.86%, and the volatility levels for the last 30 days are 2.17% for Aramark (ARMK).. The simple moving average for the past 20 days is -0.84% for ARMK’s stock, with a 9.98% simple moving average for the past 200 days.
Analysts’ Opinion of ARMK
Many brokerage firms have already submitted their reports for ARMK stocks, with Goldman repeating the rating for ARMK by listing it as a “Buy.” The predicted price for ARMK in the upcoming period, according to Goldman is $33 based on the research report published on January 17, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see ARMK reach a price target of $33. The rating they have provided for ARMK stocks is “Buy” according to the report published on January 08th, 2024.
Jefferies gave a rating of “Buy” to ARMK, setting the target price at $29 in the report published on October 09th of the previous year.
ARMK Trading at 1.06% from the 50-Day Moving Average
After a stumble in the market that brought ARMK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.75% of loss for the given period.
Volatility was left at 2.17%, however, over the last 30 days, the volatility rate increased by 1.86%, as shares surge +1.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.92% upper at present.
During the last 5 trading sessions, ARMK fell by -3.26%, which changed the moving average for the period of 200-days by +4.23% in comparison to the 20-day moving average, which settled at $31.76. In addition, Aramark saw 11.99% 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 ARMK starting from Harrington Lauren A, who sale 13,384 shares at the price of $31.02 back on Mar 05 ’24. After this action, Harrington Lauren A now owns 95,284 shares of Aramark, valued at $415,208 using the latest closing price.
Harrington Lauren A, the SVP and General Counsel of Aramark, sale 4,274 shares at $27.33 during a trade that took place back on Dec 15 ’23, which means that Harrington Lauren A is holding 95,142 shares at $116,819 based on the most recent closing price.
Stock Fundamentals for ARMK
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.09 for the gross margin
The net margin for Aramark stands at 0.03. The total capital return value is set at 0.08. Equity return is now at value 20.99, with 4.54 for asset returns.
Based on Aramark (ARMK), the company’s capital structure generated 0.69 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 2.2. The interest coverage ratio of the stock is 1.83.
Currently, EBITDA for the company is 1.41 billion with net debt to EBITDA at 4.44. When we switch over and look at the enterprise to sales, we see a ratio of 0.76. The receivables turnover for the company is 8.49for trailing twelve months and the total asset turnover is 1.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.27.
Conclusion
In a nutshell, Aramark (ARMK) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
