What Recent Market Trends Mean for Archrock Inc’s (AROC) Stock

In the past week, AROC stock has gone up by 7.99%, with a monthly gain of 4.51% and a quarterly surge of 6.86%. The volatility ratio for the week is 2.49%, and the volatility levels for the last 30 days are 2.80% for Archrock Inc The simple moving average for the last 20 days is 4.81% for AROC stock, with a simple moving average of 9.77% for the last 200 days.

Is It Worth Investing in Archrock Inc (NYSE: AROC) Right Now?

The price-to-earnings ratio for Archrock Inc (NYSE: AROC) is 23.11x, which is above its average ratio. Moreover, the 36-month beta value for AROC is 1.50. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 0 as “sell.”

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The public float for AROC is 152.36M and currently, short sellers hold a 2.44% of that float. On September 19, 2024, AROC’s average trading volume was 1.66M shares.

AROC) stock’s latest price update

Archrock Inc (NYSE: AROC) has seen a rise in its stock price by 1.39 in relation to its previous close of 20.12. However, the company has experienced a 7.99% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-18 that Archrock Inc. (AROC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Analysts’ Opinion of AROC

Many brokerage firms have already submitted their reports for AROC stocks, with JP Morgan repeating the rating for AROC by listing it as a “Overweight.” The predicted price for AROC in the upcoming period, according to JP Morgan is $24 based on the research report published on September 06, 2024 of the current year 2024.

Raymond James, on the other hand, stated in their research note that they expect to see AROC reach a price target of $10. The rating they have provided for AROC stocks is “Outperform” according to the report published on December 09th, 2022.

AROC Trading at 1.22% from the 50-Day Moving Average

After a stumble in the market that brought AROC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.97% of loss for the given period.

Volatility was left at 2.80%, however, over the last 30 days, the volatility rate increased by 2.49%, as shares surge +6.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.36% upper at present.

During the last 5 trading sessions, AROC rose by +7.99%, which changed the moving average for the period of 200-days by +40.79% in comparison to the 20-day moving average, which settled at $19.52. In addition, Archrock Inc saw 32.47% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for AROC

Current profitability levels for the company are sitting at:

  • 0.16 for the present operating margin
  • 0.41 for the gross margin

The net margin for Archrock Inc stands at 0.13. The total capital return value is set at 0.06. Equity return is now at value 15.63, with 5.07 for asset returns.

Based on Archrock Inc (AROC), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 1.8. The interest coverage ratio of the stock is 1.46.

Currently, EBITDA for the company is 426.91 million with net debt to EBITDA at 3.71. When we switch over and look at the enterprise to sales, we see a ratio of 4.95. The receivables turnover for the company is 9.12for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.

Conclusion

To wrap up, the performance of Archrock Inc (AROC) has been better in recent times. The stock has received a mixed of “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.

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