Atmus Filtration Technologies Inc (NYSE: ATMU) has experienced a rise in its stock price by 4.44 compared to its previous closing price of 30.43. However, the company has seen a gain of 8.98% in its stock price over the last five trading days. zacks.com reported 2024-07-15 that Atmus Filtration (ATMU) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Is It Worth Investing in Atmus Filtration Technologies Inc (NYSE: ATMU) Right Now?
The price-to-earnings ratio for Atmus Filtration Technologies Inc (NYSE: ATMU) is above average at 16.14x, Company’s 36-month beta value is 1.77.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ATMU is 82.90M, and currently, short sellers hold a 3.09% ratio of that floaft. The average trading volume of ATMU on July 18, 2024 was 1.38M shares.
ATMU’s Market Performance
ATMU’s stock has seen a 8.98% increase for the week, with a 12.22% rise in the past month and a -1.30% fall in the past quarter. The volatility ratio for the week is 3.24%, and the volatility levels for the past 30 days are at 2.44% for Atmus Filtration Technologies Inc The simple moving average for the past 20 days is 10.31% for ATMU’s stock, with a 24.89% simple moving average for the past 200 days.
Analysts’ Opinion of ATMU
Many brokerage firms have already submitted their reports for ATMU stocks, with Northland Capital repeating the rating for ATMU by listing it as a “Market Perform.” The predicted price for ATMU in the upcoming period, according to Northland Capital is $26 based on the research report published on January 24, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see ATMU reach a price target of $24. The rating they have provided for ATMU stocks is “Overweight” according to the report published on June 20th, 2023.
Robert W. Baird gave a rating of “Outperform” to ATMU, setting the target price at $24 in the report published on June 20th of the previous year.
ATMU Trading at 8.28% from the 50-Day Moving Average
After a stumble in the market that brought ATMU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.70% of loss for the given period.
Volatility was left at 2.44%, however, over the last 30 days, the volatility rate increased by 3.24%, as shares surge +12.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.04% upper at present.
During the last 5 trading sessions, ATMU rose by +8.98%, which changed the moving average for the period of 200-days by +52.42% in comparison to the 20-day moving average, which settled at $28.98. In addition, Atmus Filtration Technologies Inc saw 35.29% 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 ATMU starting from Macadam Stephen E., who purchase 5,200 shares at the price of $19.49 back on Nov 09 ’23. After this action, Macadam Stephen E. now owns 19,268 shares of Atmus Filtration Technologies Inc, valued at $101,348 using the latest closing price.
Stock Fundamentals for ATMU
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.27 for the gross margin
The net margin for Atmus Filtration Technologies Inc stands at 0.1. The total capital return value is set at 0.32. Equity return is now at value 57.92, with 16.39 for asset returns.
Based on Atmus Filtration Technologies Inc (ATMU), the company’s capital structure generated 0.83 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 4.99. The interest coverage ratio of the stock is 6.7.
Currently, EBITDA for the company is 265.1 million with net debt to EBITDA at 1.8. When we switch over and look at the enterprise to sales, we see a ratio of 1.91. The receivables turnover for the company is 6.24for trailing twelve months and the total asset turnover is 1.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.00.
Conclusion
In a nutshell, Atmus Filtration Technologies Inc (ATMU) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
