The stock of Atkore Inc (NYSE: ATKR) has increased by 2.07 when compared to last closing price of 152.84. Despite this, the company has experienced a 2.73% gain in its stock price over the last five trading sessions. investorplace.com reported 2024-05-15 that Every once in a while, I like to consider stocks to buy on the dip. For my purposes, these are companies whose shares have fallen by 10% or more in a week of trading.
Is It Worth Investing in Atkore Inc (NYSE: ATKR) Right Now?
The price-to-earnings ratio for Atkore Inc (NYSE: ATKR) is above average at 9.73x, Company’s 36-month beta value is 2.16.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for ATKR is 35.91M, and currently, short sellers hold a 17.17% ratio of that floaft. The average trading volume of ATKR on May 27, 2024 was 556.80K shares.
ATKR’s Market Performance
The stock of Atkore Inc (ATKR) has seen a 2.73% increase in the past week, with a -13.91% drop in the past month, and a -3.12% fall in the past quarter. The volatility ratio for the week is 2.54%, and the volatility levels for the past 30 days are at 3.03% for ATKR. The simple moving average for the last 20 days is -4.54% for ATKR stock, with a simple moving average of 2.03% 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 -9.90% 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 -19.99% of loss for the given period.
Volatility was left at 3.03%, however, over the last 30 days, the volatility rate increased by 2.54%, as shares sank -14.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.28% lower at present.
During the last 5 trading sessions, ATKR rose by +2.73%, which changed the moving average for the period of 200-days by +4.31% in comparison to the 20-day moving average, which settled at $162.07. In addition, Atkore Inc saw -2.50% 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 Zeffiro A Mark, who sale 2,000 shares at the price of $154.11 back on May 22 ’24. After this action, Zeffiro A Mark now owns 19,348 shares of Atkore Inc, valued at $308,220 using the latest closing price.
Lamps Mark F., the Pres. Safety & Infrastructure of Atkore Inc, sale 500 shares at $157.67 during a trade that took place back on May 14 ’24, which means that Lamps Mark F. is holding 28,586 shares at $78,835 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
- 0.36 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 41.88, with 21.41 for asset returns.
Based on Atkore Inc (ATKR), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.83. The debt to equity ratio resting at 0.5. 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 1.84. 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 3.09.
Conclusion
In a nutshell, Atkore Inc (ATKR) has experienced a mixed performance in recent times. The stock has received mixed “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.
