The stock of Acuity Brands, Inc. (NYSE: AYI) has decreased by -3.57 when compared to last closing price of 259.23.Despite this, the company has seen a loss of -0.31% in its stock price over the last five trading days. zacks.com reported 2024-06-05 that Whether you’re a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Is It Worth Investing in Acuity Brands, Inc. (NYSE: AYI) Right Now?
Acuity Brands, Inc. (NYSE: AYI) has a higher price-to-earnings ratio of 20.91x compared to its average ratio, The 36-month beta value for AYI is at 1.42. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 4 rating it as “overweight,” 8 as “hold,” and 1 as “sell.”
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The public float for AYI is 30.72M, and currently, shorts hold a 4.94% of that float. The average trading volume for AYI on June 19, 2024 was 240.45K shares.
AYI’s Market Performance
AYI’s stock has seen a -0.31% decrease for the week, with a -3.69% drop in the past month and a -5.02% fall in the past quarter. The volatility ratio for the week is 3.04%, and the volatility levels for the past 30 days are at 2.69% for Acuity Brands, Inc. The simple moving average for the past 20 days is -2.56% for AYI’s stock, with a 14.28% simple moving average for the past 200 days.
Analysts’ Opinion of AYI
Many brokerage firms have already submitted their reports for AYI stocks, with Oppenheimer repeating the rating for AYI by listing it as a “Outperform.” The predicted price for AYI in the upcoming period, according to Oppenheimer is $315 based on the research report published on April 04, 2024 of the current year 2024.
Robert W. Baird, on the other hand, stated in their research note that they expect to see AYI reach a price target of $190, previously predicting the price at $200. The rating they have provided for AYI stocks is “Neutral” according to the report published on December 16th, 2022.
AYI Trading at -2.67% from the 50-Day Moving Average
After a stumble in the market that brought AYI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.34% of loss for the given period.
Volatility was left at 2.69%, however, over the last 30 days, the volatility rate increased by 3.04%, as shares sank -4.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.66% lower at present.
During the last 5 trading sessions, AYI fell by -0.31%, which changed the moving average for the period of 200-days by +55.00% in comparison to the 20-day moving average, which settled at $255.95. In addition, Acuity Brands, Inc. saw 22.04% 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 AYI starting from Leibman Maya, who purchase 200 shares at the price of $248.91 back on Apr 25 ’24. After this action, Leibman Maya now owns 200 shares of Acuity Brands, Inc., valued at $49,782 using the latest closing price.
HOLCOM KAREN J, the SVP & Chief Financial Officer of Acuity Brands, Inc., sale 7,745 shares at $262.24 during a trade that took place back on Apr 04 ’24, which means that HOLCOM KAREN J is holding 20,287 shares at $2,031,049 based on the most recent closing price.
Stock Fundamentals for AYI
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.45 for the gross margin
The net margin for Acuity Brands, Inc. stands at 0.1. The total capital return value is set at 0.17. Equity return is now at value 18.44, with 10.93 for asset returns.
Based on Acuity Brands, Inc. (AYI), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at 1.09. The debt to equity ratio resting at 0.24. The interest coverage ratio of the stock is 32.94.
Currently, EBITDA for the company is 585.7 million with net debt to EBITDA at 0.01. When we switch over and look at the enterprise to sales, we see a ratio of 2.0. The receivables turnover for the company is 7.78for trailing twelve months and the total asset turnover is 1.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.59.
Conclusion
In conclusion, Acuity Brands, Inc. (AYI) 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.
