The price-to-earnings ratio for AMKOR Technology Inc. (NASDAQ: AMKR) is 20.67x, which is above its average ratio. Moreover, the 36-month beta value for AMKR is 1.97. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for AMKR is 110.92M and currently, short sellers hold a 3.19% of that float. On April 26, 2024, AMKR’s average trading volume was 942.44K shares.
AMKR) stock’s latest price update
The stock price of AMKOR Technology Inc. (NASDAQ: AMKR) has surged by 0.77 when compared to previous closing price of 29.86, but the company has seen a 3.87% gain 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.
AMKR’s Market Performance
AMKOR Technology Inc. (AMKR) has experienced a 3.87% rise in stock performance for the past week, with a -4.66% drop in the past month, and a -11.03% drop in the past quarter. The volatility ratio for the week is 3.49%, and the volatility levels for the past 30 days are at 3.62% for AMKR. The simple moving average for the past 20 days is -3.31% for AMKR’s stock, with a 6.19% simple moving average for the past 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 -4.58% 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 -18.68% of loss for the given period.
Volatility was left at 3.62%, however, over the last 30 days, the volatility rate increased by 3.49%, as shares sank -8.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.60% upper at present.
During the last 5 trading sessions, AMKR rose by +3.87%, which changed the moving average for the period of 200-days by +8.00% in comparison to the 20-day moving average, which settled at $30.99. In addition, AMKOR Technology Inc. saw -9.56% 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 1.18. 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
To wrap up, the performance of AMKOR Technology Inc. (AMKR) has been mixed in recent times. The stock has received a mixed of “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.
