The stock price of AMKOR Technology Inc. (NASDAQ: AMKR) has plunged by -3.75 when compared to previous closing price of 30.10, but the company has seen a -13.65% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-10 that Amkor Technology (AMKR) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Is It Worth Investing in AMKOR Technology Inc. (NASDAQ: AMKR) Right Now?
AMKOR Technology Inc. (NASDAQ: AMKR) has a price-to-earnings ratio of 19.90x that is above its average ratio. Additionally, the 36-month beta value for AMKR is 1.97. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for AMKR is 114.78M and currently, short sellers hold a 2.71% ratio of that float. The average trading volume of AMKR on April 19, 2024 was 929.17K shares.
AMKR’s Market Performance
The stock of AMKOR Technology Inc. (AMKR) has seen a -13.65% decrease in the past week, with a -6.64% drop in the past month, and a -9.30% fall in the past quarter. The volatility ratio for the week is 4.02%, and the volatility levels for the past 30 days are at 3.40% for AMKR. The simple moving average for the last 20 days is -8.75% for AMKR stock, with a simple moving average of 2.32% for the last 200 days.
Analysts’ Opinion of AMKR
Many brokerage firms have already submitted their reports for AMKR stocks, with Needham repeating the rating for AMKR by listing it as a “Buy.” The predicted price for AMKR in the upcoming period, according to Needham is $40 based on the research report published on April 09, 2024 of the current year 2024.
Goldman gave a rating of “Neutral” to AMKR, setting the target price at $32 in the report published on February 29th of the current year.
AMKR Trading at -8.55% from the 50-Day Moving Average
After a stumble in the market that brought AMKR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.70% of loss for the given period.
Volatility was left at 3.40%, however, over the last 30 days, the volatility rate increased by 4.02%, as shares sank -8.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.60% lower at present.
During the last 5 trading sessions, AMKR fell by -13.65%, which changed the moving average for the period of 200-days by -1.93% in comparison to the 20-day moving average, which settled at $31.62. In addition, AMKOR Technology Inc. saw -12.92% 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 AMKR starting from Rutten Guillaume Marie Jean, who sale 25,000 shares at the price of $31.17 back on Apr 16 ’24. After this action, Rutten Guillaume Marie Jean now owns 114,476 shares of AMKOR Technology Inc., valued at $779,250 using the latest closing price.
Rutten Guillaume Marie Jean, the President and CEO of AMKOR Technology Inc., sale 25,000 shares at $31.23 during a trade that took place back on Mar 15 ’24, which means that Rutten Guillaume Marie Jean is holding 124,476 shares at $780,750 based on the most recent closing price.
Stock Fundamentals for AMKR
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.15 for the gross margin
The net margin for AMKOR Technology Inc. stands at 0.06. The total capital return value is set at 0.09. Equity return is now at value 9.43, with 5.29 for asset returns.
Based on AMKOR Technology Inc. (AMKR), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.98. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is 7.97.
Currently, EBITDA for the company is 1.1 billion with net debt to EBITDA at 0.28. When we switch over and look at the enterprise to sales, we see a ratio of 1.14. The receivables turnover for the company is 5.66for trailing twelve months and the total asset turnover is 0.96. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.31.
Conclusion
In conclusion, AMKOR Technology Inc. (AMKR) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
