The price-to-earnings ratio for Atkore Inc (NYSE: ATKR) is 9.41x, which is above its average ratio. Moreover, the 36-month beta value for ATKR is 2.21. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for ATKR is 36.24M and currently, short sellers hold a 16.15% of that float. On May 07, 2024, ATKR’s average trading volume was 486.57K shares.
ATKR) stock’s latest price update
The stock price of Atkore Inc (NYSE: ATKR) has plunged by -11.05 when compared to previous closing price of 176.40, but the company has seen a -10.50% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-07 that Atkore Inc. (ATKR) came out with quarterly earnings of $4.08 per share, beating the Zacks Consensus Estimate of $3.70 per share. This compares to earnings of $4.87 per share a year ago.
ATKR’s Market Performance
Atkore Inc (ATKR) has seen a -10.50% fall in stock performance for the week, with a -13.42% decline in the past month and a 9.64% surge in the past quarter. The volatility ratio for the week is 3.27%, and the volatility levels for the past 30 days are at 2.81% for ATKR. The simple moving average for the last 20 days is -10.74% for ATKR stock, with a simple moving average of 2.58% for the last 200 days.
Analysts’ Opinion of ATKR
Many brokerage firms have already submitted their reports for ATKR stocks, with B. Riley Securities repeating the rating for ATKR by listing it as a “Buy.” The predicted price for ATKR in the upcoming period, according to B. Riley Securities is $146 based on the research report published on December 13, 2022 of the previous year 2022.
Loop Capital, on the other hand, stated in their research note that they expect to see ATKR reach a price target of $110. The rating they have provided for ATKR stocks is “Buy” according to the report published on October 19th, 2022.
CJS Securities gave a rating of “Market Outperform” to ATKR, setting the target price at $90 in the report published on March 18th of the previous year.
ATKR Trading at -11.01% from the 50-Day Moving Average
After a stumble in the market that brought ATKR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.53% of loss for the given period.
Volatility was left at 2.81%, however, over the last 30 days, the volatility rate increased by 3.27%, as shares sank -9.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.52% lower at present.
During the last 5 trading sessions, ATKR fell by -8.61%, which changed the moving average for the period of 200-days by +1.63% in comparison to the 20-day moving average, which settled at $174.94. In addition, Atkore Inc saw -1.94% 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 ATKR starting from Lowe LeAngela W., who sale 6,500 shares at the price of $176.07 back on Mar 14 ’24. After this action, Lowe LeAngela W. now owns 25,590 shares of Atkore Inc, valued at $1,144,435 using the latest closing price.
Kershaw Justin A, the Director of Atkore Inc, sale 1,099 shares at $171.77 during a trade that took place back on Mar 13 ’24, which means that Kershaw Justin A is holding 16,686 shares at $188,773 based on the most recent closing price.
Stock Fundamentals for ATKR
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.37 for the gross margin
The net margin for Atkore Inc stands at 0.18. The total capital return value is set at 0.31. Equity return is now at value 46.42, with 23.41 for asset returns.
Based on Atkore Inc (ATKR), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.63. The debt to equity ratio resting at 0.57. The interest coverage ratio of the stock is 23.25.
Currently, EBITDA for the company is 893.49 million with net debt to EBITDA at 0.62. When we switch over and look at the enterprise to sales, we see a ratio of 1.86. The receivables turnover for the company is 6.64for trailing twelve months and the total asset turnover is 1.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.96.
Conclusion
To wrap up, the performance of Atkore Inc (ATKR) has been mixed in recent times. The stock has received a bullish 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.
