The stock of Rockwell Automation Inc (NYSE: ROK) has decreased by -3.79 when compared to last closing price of 287.86.Despite this, the company has seen a gain of 1.00% in its stock price over the last five trading days. investorplace.com reported 2024-07-15 that No stranger to chronically optimistic claims, Tesla (NASDAQ: TSLA ) CEO Elon Musk has been making waves recently regarding the role that humanoid robots can play in the broader economy. At the electric vehicle manufacturer’s annual shareholder meeting, Musk stated that such robots could lift TSLA’s market capitalization to $25 trillion.
Is It Worth Investing in Rockwell Automation Inc (NYSE: ROK) Right Now?
Rockwell Automation Inc (NYSE: ROK) has a price-to-earnings ratio of 27.06x that is above its average ratio. Additionally, the 36-month beta value for ROK is 1.37. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 15 rating it as “hold,” and 3 rating it as “sell.”
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The public float for ROK is 113.77M and currently, short sellers hold a 3.16% ratio of that float. The average trading volume of ROK on July 18, 2024 was 930.84K shares.
ROK’s Market Performance
ROK stock saw an increase of 1.00% in the past week, with a monthly gain of 7.14% and a quarterly increase of -0.61%. The volatility ratio for the week is 3.04%, and the volatility levels for the last 30 days are 2.50% for Rockwell Automation Inc (ROK). The simple moving average for the past 20 days is 2.61% for ROK’s stock, with a -0.71% simple moving average for the past 200 days.
Analysts’ Opinion of ROK
Many brokerage firms have already submitted their reports for ROK stocks, with Redburn Atlantic repeating the rating for ROK by listing it as a “Neutral.” The predicted price for ROK in the upcoming period, according to Redburn Atlantic is $256 based on the research report published on July 08, 2024 of the current year 2024.
Berenberg, on the other hand, stated in their research note that they expect to see ROK reach a price target of $290, previously predicting the price at $330. The rating they have provided for ROK stocks is “Hold” according to the report published on March 06th, 2024.
Daiwa Securities gave a rating of “Buy” to ROK, setting the target price at $310 in the report published on February 01st of the current year.
ROK Trading at 3.98% from the 50-Day Moving Average
After a stumble in the market that brought ROK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.53% of loss for the given period.
Volatility was left at 2.50%, however, over the last 30 days, the volatility rate increased by 3.04%, as shares surge +6.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.48% lower at present.
During the last 5 trading sessions, ROK rose by +0.66%, which changed the moving average for the period of 200-days by -3.44% in comparison to the 20-day moving average, which settled at $270.70. In addition, Rockwell Automation Inc saw -10.80% 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 ROK starting from Myers Tessa M., who sale 528 shares at the price of $253.78 back on Jun 11 ’24. After this action, Myers Tessa M. now owns 3,718 shares of Rockwell Automation Inc, valued at $133,996 using the latest closing price.
Nardecchia Christopher, the SVP, Chief Information Officer of Rockwell Automation Inc, sale 495 shares at $256.39 during a trade that took place back on Jun 07 ’24, which means that Nardecchia Christopher is holding 11,084 shares at $126,915 based on the most recent closing price.
Stock Fundamentals for ROK
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.4 for the gross margin
The net margin for Rockwell Automation Inc stands at 0.13. The total capital return value is set at 0.2. Equity return is now at value 35.21, with 10.33 for asset returns.
Based on Rockwell Automation Inc (ROK), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 1.06. The interest coverage ratio of the stock is 11.15.
Currently, EBITDA for the company is 1.87 billion with net debt to EBITDA at 1.97. When we switch over and look at the enterprise to sales, we see a ratio of 3.93. The receivables turnover for the company is 4.58for trailing twelve months and the total asset turnover is 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
Conclusion
In conclusion, Rockwell Automation Inc (ROK) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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.
