The stock of Applied Industrial Technologies Inc. (NYSE: AIT) has increased by 0.68 when compared to last closing price of 203.62. Despite this, the company has experienced a 1.11% gain in its stock price over the last five trading sessions. zacks.com reported 2024-08-22 that Examine Applied Industrial Technologies’ (AIT) international revenue patterns and their implications on Wall Street’s forecasts and the prospective trajectory of the stock.
Is It Worth Investing in Applied Industrial Technologies Inc. (NYSE: AIT) Right Now?
Applied Industrial Technologies Inc. (NYSE: AIT) has a higher price-to-earnings ratio of 20.86x compared to its average ratio, The 36-month beta value for AIT is at 1.03. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for AIT is 37.92M, and currently, shorts hold a 1.89% of that float. The average trading volume for AIT on August 29, 2024 was 270.74K shares.
AIT’s Market Performance
AIT’s stock has seen a 1.11% increase for the week, with a -6.05% drop in the past month and a 7.05% gain in the past quarter. The volatility ratio for the week is 2.21%, and the volatility levels for the past 30 days are at 2.92% for Applied Industrial Technologies Inc. The simple moving average for the last 20 days is 2.46% for AIT stock, with a simple moving average of 10.03% for the last 200 days.
Analysts’ Opinion of AIT
Oppenheimer, on the other hand, stated in their research note that they expect to see AIT reach a price target of $235. The rating they have provided for AIT stocks is “Outperform” according to the report published on April 03rd, 2024.
Robert W. Baird gave a rating of “Outperform” to AIT, setting the target price at $160 in the report published on March 17th of the previous year.
AIT Trading at 2.89% from the 50-Day Moving Average
After a stumble in the market that brought AIT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.14% of loss for the given period.
Volatility was left at 2.92%, however, over the last 30 days, the volatility rate increased by 2.21%, as shares sank -0.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.01% upper at present.
During the last 5 trading sessions, AIT rose by +1.11%, which changed the moving average for the period of 200-days by +26.39% in comparison to the 20-day moving average, which settled at $200.03. In addition, Applied Industrial Technologies Inc. saw 18.71% 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 AIT starting from Loring Kurt W., who sale 3,366 shares at the price of $209.02 back on Aug 23 ’24. After this action, Loring Kurt W. now owns 19,315 shares of Applied Industrial Technologies Inc., valued at $703,561 using the latest closing price.
Loring Kurt W., the Officer of Applied Industrial Technologies Inc., proposed sale 3,366 shares at $208.87 during a trade that took place back on Aug 23 ’24, which means that Loring Kurt W. is holding shares at $703,057 based on the most recent closing price.
Stock Fundamentals for AIT
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.29 for the gross margin
The net margin for Applied Industrial Technologies Inc. stands at 0.09. The total capital return value is set at 0.21. Equity return is now at value 24.51, with 13.55 for asset returns.
Based on Applied Industrial Technologies Inc. (AIT), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.59. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is 178.46.
Currently, EBITDA for the company is 564.88 million with net debt to EBITDA at 0.49. When we switch over and look at the enterprise to sales, we see a ratio of 1.82. The receivables turnover for the company is 6.07for trailing twelve months and the total asset turnover is 1.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.53.
Conclusion
In conclusion, Applied Industrial Technologies Inc. (AIT) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
