In the past week, ADNT stock has gone down by -7.04%, with a monthly decline of -13.56% and a quarterly plunge of -12.86%. The volatility ratio for the week is 3.28%, and the volatility levels for the last 30 days are 3.15% for Adient plc. The simple moving average for the past 20 days is -11.34% for ADNT’s stock, with a -21.45% simple moving average for the past 200 days.
Is It Worth Investing in Adient plc (NYSE: ADNT) Right Now?
The price-to-earnings ratio for Adient plc (NYSE: ADNT) is above average at 12.50x, Company’s 36-month beta value is 2.41.Analysts have differing 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% ratio of that floaft. The average trading volume of ADNT on April 18, 2024 was 1.09M shares.
ADNT) stock’s latest price update
The stock of Adient plc (NYSE: ADNT) has decreased by -1.85 when compared to last closing price of 28.64.Despite this, the company has seen a loss of -7.04% in its stock price over the last five trading days. 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.
Analysts’ Opinion of ADNT
Many brokerage firms have already submitted their reports for ADNT stocks, with Barclays repeating the rating for ADNT by listing it as a “Equal Weight.” The predicted price for ADNT in the upcoming period, according to Barclays is $37 based on the research report published on April 10, 2024 of the current year 2024.
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 -15.20% 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 -39.56% of loss for the given period.
Volatility was left at 3.15%, however, over the last 30 days, the volatility rate increased by 3.28%, as shares sank -14.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.55% lower at present.
During the last 5 trading sessions, ADNT fell by -7.04%, which changed the moving average for the period of 200-days by -26.64% in comparison to the 20-day moving average, which settled at $31.47. In addition, Adient plc saw -22.69% 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 0.27. 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
In a nutshell, Adient plc (ADNT) has experienced a bad performance in recent times. The stock has received mixed “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.
