The stock price of American Tower Corp. (NYSE: AMT) has surged by 0.58 when compared to previous closing price of 171.30, but the company has seen a -3.27% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-21 that U.S. equity markets posted their worst week in a year while benchmark interest rates surged to five-month highs as investors monitored an intensification of geopolitical tensions and hawkish Fed commentary. Inflamed by resurgent energy prices and insatiable Federal government spending, Fed Chair Powell and other officials acknowledged a stalling-out of inflation progress in recent months and delayed cut expectations. Declining on all five trading sessions, the S&P 500 declined another 3.1% this week – its worst week since March 2023 – while high-flying technology stocks were hit particularly hard.
Is It Worth Investing in American Tower Corp. (NYSE: AMT) Right Now?
American Tower Corp. (NYSE: AMT) has a price-to-earnings ratio that is above its average at 54.25x. The stock has a 36-month beta value of 0.71. Opinions on the stock are mixed, with 14 analysts rating it as a “buy,” 7 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for AMT is 463.99M, and at present, short sellers hold a 1.10% of that float. On April 23, 2024, the average trading volume of AMT was 2.51M shares.
AMT’s Market Performance
AMT stock saw a decrease of -3.27% in the past week, with a monthly decline of -11.16% and a quarterly a decrease of -15.55%. The volatility ratio for the week is 1.88%, and the volatility levels for the last 30 days are 1.91% for American Tower Corp. (AMT). The simple moving average for the last 20 days is -7.39% for AMT stock, with a simple moving average of -9.11% for the last 200 days.
Analysts’ Opinion of AMT
Many brokerage firms have already submitted their reports for AMT stocks, with Mizuho repeating the rating for AMT by listing it as a “Neutral.” The predicted price for AMT in the upcoming period, according to Mizuho is $205 based on the research report published on April 08, 2024 of the current year 2024.
HSBC Securities, on the other hand, stated in their research note that they expect to see AMT reach a price target of $245. The rating they have provided for AMT stocks is “Buy” according to the report published on December 14th, 2023.
Scotiabank gave a rating of “Sector Outperform” to AMT, setting the target price at $208 in the report published on October 13th of the previous year.
AMT Trading at -10.24% from the 50-Day Moving Average
After a stumble in the market that brought AMT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.36% of loss for the given period.
Volatility was left at 1.91%, however, over the last 30 days, the volatility rate increased by 1.88%, as shares sank -10.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.02% lower at present.
During the last 5 trading sessions, AMT fell by -3.27%, which changed the moving average for the period of 200-days by -12.10% in comparison to the 20-day moving average, which settled at $185.02. In addition, American Tower Corp. saw -20.19% 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 AMT starting from Font Juan, who sale 540 shares at the price of $197.49 back on Mar 15 ’24. After this action, Font Juan now owns 19,265 shares of American Tower Corp., valued at $106,645 using the latest closing price.
Smith Rodney M, the EVP, CFO & Treasurer of American Tower Corp., sale 11,510 shares at $205.71 during a trade that took place back on Mar 06 ’24, which means that Smith Rodney M is holding 62,969 shares at $2,367,767 based on the most recent closing price.
Stock Fundamentals for AMT
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.64 for the gross margin
The net margin for American Tower Corp. stands at 0.13. The total capital return value is set at 0.05. Equity return is now at value 30.36, with 2.23 for asset returns.
Based on American Tower Corp. (AMT), the company’s capital structure generated 0.92 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 11.23. The interest coverage ratio of the stock is 2.22.
Currently, EBITDA for the company is 6.51 billion with net debt to EBITDA at 6.93. When we switch over and look at the enterprise to sales, we see a ratio of 11.26. The receivables turnover for the company is 16.64for trailing twelve months and the total asset turnover is 0.17.
Conclusion
To sum up, American Tower Corp. (AMT) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
