In the past week, AMP stock has gone down by -0.42%, with a monthly decline of -4.71% and a quarterly surge of 4.99%. The volatility ratio for the week is 2.85%, and the volatility levels for the last 30 days are 1.98% for Ameriprise Financial Inc The simple moving average for the past 20 days is -3.03% for AMP’s stock, with a 11.86% simple moving average for the past 200 days.
Is It Worth Investing in Ameriprise Financial Inc (NYSE: AMP) Right Now?
Ameriprise Financial Inc (NYSE: AMP) has a price-to-earnings ratio that is above its average at 13.99x. The stock has a 36-month beta value of 1.35. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 3 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for AMP is 99.92M, and at present, short sellers hold a 0.83% of that float. On April 26, 2024, the average trading volume of AMP was 492.65K shares.
AMP) stock’s latest price update
The stock of Ameriprise Financial Inc (NYSE: AMP) has decreased by -0.47 when compared to last closing price of 412.86. Despite this, the company has experienced a -0.42% fall in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-25 that 5 Upcoming Dividend Increases
Analysts’ Opinion of AMP
Evercore ISI, on the other hand, stated in their research note that they expect to see AMP reach a price target of $400, previously predicting the price at $385. The rating they have provided for AMP stocks is “In-line” according to the report published on January 04th, 2024.
Goldman gave a rating of “Buy” to AMP, setting the target price at $452 in the report published on January 03rd of the current year.
AMP Trading at -1.48% from the 50-Day Moving Average
After a stumble in the market that brought AMP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.75% of loss for the given period.
Volatility was left at 1.98%, however, over the last 30 days, the volatility rate increased by 2.85%, as shares sank -5.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.39% upper at present.
During the last 5 trading sessions, AMP fell by -0.42%, which changed the moving average for the period of 200-days by +21.83% in comparison to the 20-day moving average, which settled at $422.51. In addition, Ameriprise Financial Inc saw 8.18% 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 AMP starting from Alvero Gumer, who sale 1,652 shares at the price of $437.00 back on Mar 27 ’24. After this action, Alvero Gumer now owns 6,994 shares of Ameriprise Financial Inc, valued at $721,930 using the latest closing price.
Brockman Dawn M., the SVP AND CONTROLLER of Ameriprise Financial Inc, sale 224 shares at $434.13 during a trade that took place back on Mar 26 ’24, which means that Brockman Dawn M. is holding 1,288 shares at $97,245 based on the most recent closing price.
Stock Fundamentals for AMP
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.5 for the gross margin
The net margin for Ameriprise Financial Inc stands at 0.18. Equity return is now at value 69.36, with 1.81 for asset returns.
Based on Ameriprise Financial Inc (AMP), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 1.06. The debt to equity ratio resting at 0.7. The interest coverage ratio of the stock is 13.41.
Currently, EBITDA for the company is -154.0 million with net debt to EBITDA at 1.02. When we switch over and look at the enterprise to sales, we see a ratio of 3.81.
Conclusion
To sum up, Ameriprise Financial Inc (AMP) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
