Air Transport Services Group Inc (NASDAQ: ATSG) has a higher price-to-earnings ratio of 23.39x compared to its average ratio, The 36-month beta value for ATSG is at 0.86. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for ATSG is 50.84M, and currently, shorts hold a 7.41% of that float. The average trading volume for ATSG on May 08, 2024 was 623.20K shares.
ATSG) stock’s latest price update
Air Transport Services Group Inc (NASDAQ: ATSG) has experienced a rise in its stock price by 11.02 compared to its previous closing price of 13.25. However, the company has seen a gain of 14.74% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-07 that Air Transport (ATSG) first-quarter 2024 adjusted EBITDA declines 7.7% year over year.
ATSG’s Market Performance
Air Transport Services Group Inc (ATSG) has experienced a 14.74% rise in stock performance for the past week, with a 14.08% rise in the past month, and a 3.01% rise in the past quarter. The volatility ratio for the week is 4.90%, and the volatility levels for the past 30 days are at 3.68% for ATSG. The simple moving average for the past 20 days is 14.62% for ATSG’s stock, with a -13.31% simple moving average for the past 200 days.
Analysts’ Opinion of ATSG
Many brokerage firms have already submitted their reports for ATSG stocks, with Susquehanna repeating the rating for ATSG by listing it as a “Neutral.” The predicted price for ATSG in the upcoming period, according to Susquehanna is $15 based on the research report published on November 08, 2023 of the previous year 2023.
Oppenheimer, on the other hand, stated in their research note that they expect to see ATSG reach a price target of $27. The rating they have provided for ATSG stocks is “Outperform” according to the report published on September 20th, 2023.
Truist gave a rating of “Hold” to ATSG, setting the target price at $26 in the report published on October 21st of the previous year.
ATSG Trading at 14.78% from the 50-Day Moving Average
After a stumble in the market that brought ATSG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -41.07% of loss for the given period.
Volatility was left at 3.68%, however, over the last 30 days, the volatility rate increased by 4.90%, as shares surge +11.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.02% upper at present.
During the last 5 trading sessions, ATSG rose by +14.74%, which changed the moving average for the period of 200-days by -25.59% in comparison to the 20-day moving average, which settled at $12.91. In addition, Air Transport Services Group Inc saw -16.47% 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 ATSG starting from Koharik Edward Joseph III, who purchase 816 shares at the price of $14.64 back on Nov 10 ’23. After this action, Koharik Edward Joseph III now owns 57,729 shares of Air Transport Services Group Inc, valued at $11,946 using the latest closing price.
Berger Michael L, the President of Air Transport Services Group Inc, purchase 2,385 shares at $14.61 during a trade that took place back on Nov 09 ’23, which means that Berger Michael L is holding 52,354 shares at $34,845 based on the most recent closing price.
Stock Fundamentals for ATSG
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.26 for the gross margin
The net margin for Air Transport Services Group Inc stands at 0.02. The total capital return value is set at 0.05. Equity return is now at value 3.49, with 1.29 for asset returns.
Based on Air Transport Services Group Inc (ATSG), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 1.28. The interest coverage ratio of the stock is -49.56.
Currently, EBITDA for the company is 542.82 million with net debt to EBITDA at 5.11. When we switch over and look at the enterprise to sales, we see a ratio of 1.32. The receivables turnover for the company is 9.34for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.75.
Conclusion
In conclusion, Air Transport Services Group Inc (ATSG) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
