The stock price of AMKOR Technology Inc. (NASDAQ: AMKR) has dropped by -1.47 compared to previous close of 30.69. Despite this, the company has seen a gain of 0.40% in its stock price over the last five trading days. zacks.com reported 2024-09-16 that Amkor Technology (AMKR) closed at $30.36 in the latest trading session, marking a -0.99% move from the prior day.
Is It Worth Investing in AMKOR Technology Inc. (NASDAQ: AMKR) Right Now?
The price-to-earnings ratio for AMKOR Technology Inc. (NASDAQ: AMKR) is above average at 19.90x, Company’s 36-month beta value is 1.86.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for AMKR is 98.06M, and currently, short sellers hold a 3.25% ratio of that floaft. The average trading volume of AMKR on September 19, 2024 was 1.89M shares.
AMKR’s Market Performance
AMKR’s stock has seen a 0.40% increase for the week, with a -8.56% drop in the past month and a -24.57% fall in the past quarter. The volatility ratio for the week is 2.63%, and the volatility levels for the past 30 days are at 3.65% for AMKOR Technology Inc. The simple moving average for the last 20 days is -2.75% for AMKR’s stock, with a simple moving average of -8.11% for the last 200 days.
Analysts’ Opinion of AMKR
Many brokerage firms have already submitted their reports for AMKR stocks, with JP Morgan repeating the rating for AMKR by listing it as a “Overweight.” The predicted price for AMKR in the upcoming period, according to JP Morgan is $48 based on the research report published on July 01, 2024 of the current year 2024.
Needham, on the other hand, stated in their research note that they expect to see AMKR reach a price target of $40. The rating they have provided for AMKR stocks is “Buy” according to the report published on April 09th, 2024.
AMKR Trading at -11.04% from the 50-Day Moving Average
After a stumble in the market that brought AMKR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -32.59% of loss for the given period.
Volatility was left at 3.65%, however, over the last 30 days, the volatility rate increased by 2.63%, as shares sank -6.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.90% lower at present.
During the last 5 trading sessions, AMKR rose by +0.40%, which changed the moving average for the period of 200-days by +7.35% in comparison to the 20-day moving average, which settled at $30.99. In addition, AMKOR Technology Inc. saw -9.11% 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 AMKR starting from Rutten Guillaume Marie Jean, who sale 18,125 shares at the price of $30.00 back on Sep 16 ’24. After this action, Rutten Guillaume Marie Jean now owns 214,971 shares of AMKOR Technology Inc., valued at $543,750 using the latest closing price.
GUILLAUME RUTTEN, the Officer of AMKOR Technology Inc., proposed sale 18,125 shares at $30.00 during a trade that took place back on Sep 16 ’24, which means that GUILLAUME RUTTEN is holding shares at $543,750 based on the most recent closing price.
Stock Fundamentals for AMKR
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.15 for the gross margin
The net margin for AMKOR Technology Inc. stands at 0.06. The total capital return value is set at 0.09. Equity return is now at value 9.66, with 5.57 for asset returns.
Based on AMKOR Technology Inc. (AMKR), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 1.04. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is 7.9.
Currently, EBITDA for the company is 1.1 billion with net debt to EBITDA at 0.17. When we switch over and look at the enterprise to sales, we see a ratio of 1.19. The receivables turnover for the company is 5.58for trailing twelve months and the total asset turnover is 0.93. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.08.
Conclusion
In a nutshell, AMKOR Technology Inc. (AMKR) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
