Atmus Filtration Technologies Inc (NYSE: ATMU)’s stock price has gone decline by -8.02 in comparison to its previous close of 30.92, however, the company has experienced a -9.14% decrease in its stock price over the last five trading days. Seeking Alpha reported 2024-05-03 that Atmus Filtration Technologies Inc. (NYSE:ATMU ) Q1 2024 Earnings Conference Call May 3, 2024 11:00 AM ET Company Participants Todd Chirillo – Executive Director, IR Steph Disher – CEO Jack Kienzler – CFO Conference Call Participants Tami Zakaria – JPMorgan Rob Mason – Baird Jerry Revich – Goldman Sachs Joe O’Dea – Wells Fargo Bobby Brooks – Northland Capital Markets David Ridley-Lane – Bank of America Operator Hello, and thank you for standing by. At this time, I would like to welcome everyone to Atmus Filtration Technologies’ First Quarter 2024 Earnings Call.
Is It Worth Investing in Atmus Filtration Technologies Inc (NYSE: ATMU) Right Now?
The price-to-earnings ratio for Atmus Filtration Technologies Inc (NYSE: ATMU) is above average at 14.45x. The 36-month beta value for ATMU is also noteworthy at 1.96. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ATMU is 82.88M, and at present, short sellers hold a 6.15% of that float. The average trading volume of ATMU on May 06, 2024 was 4.14M shares.
ATMU’s Market Performance
ATMU’s stock has seen a -9.14% decrease for the week, with a -12.36% drop in the past month and a 25.23% gain in the past quarter. The volatility ratio for the week is 3.53%, and the volatility levels for the past 30 days are at 2.90% for Atmus Filtration Technologies Inc. The simple moving average for the past 20 days is -9.82% for ATMU’s stock, with a 19.55% simple moving average for the past 200 days.
Analysts’ Opinion of ATMU
Many brokerage firms have already submitted their reports for ATMU stocks, with Northland Capital repeating the rating for ATMU by listing it as a “Market Perform.” The predicted price for ATMU in the upcoming period, according to Northland Capital is $26 based on the research report published on January 24, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see ATMU reach a price target of $24. The rating they have provided for ATMU stocks is “Overweight” according to the report published on June 20th, 2023.
Robert W. Baird gave a rating of “Outperform” to ATMU, setting the target price at $24 in the report published on June 20th of the previous year.
ATMU Trading at -1.02% from the 50-Day Moving Average
After a stumble in the market that brought ATMU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.61% of loss for the given period.
Volatility was left at 2.90%, however, over the last 30 days, the volatility rate increased by 3.53%, as shares sank -14.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.68% upper at present.
During the last 5 trading sessions, ATMU fell by -9.14%, which changed the moving average for the period of 200-days by +18.20% in comparison to the 20-day moving average, which settled at $31.31. In addition, Atmus Filtration Technologies Inc saw 21.07% 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 ATMU starting from Macadam Stephen E., who purchase 5,200 shares at the price of $19.49 back on Nov 09 ’23. After this action, Macadam Stephen E. now owns 19,268 shares of Atmus Filtration Technologies Inc, valued at $101,348 using the latest closing price.
Stock Fundamentals for ATMU
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.27 for the gross margin
The net margin for Atmus Filtration Technologies Inc stands at 0.1. The total capital return value is set at 0.32. Equity return is now at value 57.92, with 16.39 for asset returns.
Based on Atmus Filtration Technologies Inc (ATMU), the company’s capital structure generated 0.83 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 4.99. The interest coverage ratio of the stock is 9.42.
Currently, EBITDA for the company is 265.1 million with net debt to EBITDA at 1.8. When we switch over and look at the enterprise to sales, we see a ratio of 1.74. The receivables turnover for the company is 6.24for trailing twelve months and the total asset turnover is 1.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.00.
Conclusion
In summary, Atmus Filtration Technologies Inc (ATMU) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
