In the past week, AMT stock has gone down by -0.06%, with a monthly gain of 3.63% and a quarterly plunge of -0.74%. The volatility ratio for the week is 2.05%, and the volatility levels for the last 30 days are 2.00% for American Tower Corp. The simple moving average for the past 20 days is -0.81% for AMT’s stock, with a 1.37% simple moving average for the past 200 days.
Is It Worth Investing in American Tower Corp. (NYSE: AMT) Right Now?
American Tower Corp. (NYSE: AMT) has a higher price-to-earnings ratio of 43.61x compared to its average ratio. AMT has 36-month beta value of 0.81. Analysts have mixed views on the stock, with 14 analysts rating it as a “buy,” 7 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for AMT is 465.92M, and currently, short sellers hold a 1.03% ratio of that float. The average trading volume of AMT on June 27, 2024 was 2.52M shares.
AMT) stock’s latest price update
American Tower Corp. (NYSE: AMT)’s stock price has decreased by -0.01 compared to its previous closing price of 192.68. However, the company has seen a -0.06% decrease in its stock price over the last five trading sessions. youtube.com reported 2024-06-26 that The Investment Committee discuss their top stocks to watch for the second half.
Analysts’ Opinion of AMT
Many brokerage firms have already submitted their reports for AMT stocks, with Raymond James repeating the rating for AMT by listing it as a “Strong Buy.” The predicted price for AMT in the upcoming period, according to Raymond James is $248 based on the research report published on May 01, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see AMT reach a price target of $205. The rating they have provided for AMT stocks is “Neutral” according to the report published on April 08th, 2024.
HSBC Securities gave a rating of “Buy” to AMT, setting the target price at $245 in the report published on December 14th of the previous year.
AMT Trading at 3.43% from the 50-Day Moving Average
After a stumble in the market that brought AMT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.06% of loss for the given period.
Volatility was left at 2.00%, however, over the last 30 days, the volatility rate increased by 2.05%, as shares surge +4.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.17% upper at present.
During the last 5 trading sessions, AMT fell by -0.06%, which changed the moving average for the period of 200-days by +6.51% in comparison to the 20-day moving average, which settled at $194.63. In addition, American Tower Corp. saw -10.75% 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 AMT starting from Goel Sanjay, who sale 3,504 shares at the price of $200.36 back on Jun 04 ’24. After this action, Goel Sanjay now owns 28,413 shares of American Tower Corp., valued at $702,061 using the latest closing price.
HORMATS ROBERT D, the Director of American Tower Corp., sale 700 shares at $183.50 during a trade that took place back on May 03 ’24, which means that HORMATS ROBERT D is holding 7,332 shares at $128,450 based on the most recent closing price.
Stock Fundamentals for AMT
Current profitability levels for the company are sitting at:
- 0.32 for the present operating margin
- 0.59 for the gross margin
The net margin for American Tower Corp. stands at 0.18. The total capital return value is set at 0.06. Equity return is now at value 43.68, with 3.09 for asset returns.
Based on American Tower Corp. (AMT), the company’s capital structure generated 0.91 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 9.87. The interest coverage ratio of the stock is 2.49.
Currently, EBITDA for the company is 6.51 billion with net debt to EBITDA at 6.7. When we switch over and look at the enterprise to sales, we see a ratio of 12.07. The receivables turnover for the company is 9.5for trailing twelve months and the total asset turnover is 0.17.
Conclusion
To put it simply, American Tower Corp. (AMT) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
