The stock price of AMKOR Technology Inc. (NASDAQ: AMKR) has dropped by -1.63 compared to previous close of 29.97. Despite this, the company has seen a fall of -3.28% in its stock price over the last five trading days. zacks.com reported 2024-10-23 that AMKR’s Q3 results are likely to reflect benefits from SiP technology and 2.5D technology, despite ongoing inventory corrections.
Is It Worth Investing in AMKOR Technology Inc. (NASDAQ: AMKR) Right Now?
AMKOR Technology Inc. (NASDAQ: AMKR) has a higher price-to-earnings ratio of 19.40x compared to its average ratio. AMKR has 36-month beta value of 1.83. Analysts have mixed views 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 98.08M, and currently, short sellers hold a 3.83% ratio of that float. The average trading volume of AMKR on October 24, 2024 was 1.57M shares.
AMKR’s Market Performance
The stock of AMKOR Technology Inc. (AMKR) has seen a -3.28% decrease in the past week, with a -3.03% drop in the past month, and a -22.79% fall in the past quarter. The volatility ratio for the week is 2.67%, and the volatility levels for the past 30 days are at 3.13% for AMKR. The simple moving average for the last 20 days is -2.87% for AMKR’s stock, with a simple moving average of -10.12% for the last 200 days.
Analysts’ Opinion of AMKR
Many brokerage firms have already submitted their reports for AMKR stocks, with KeyBanc Capital Markets repeating the rating for AMKR by listing it as a “Overweight.” The predicted price for AMKR in the upcoming period, according to KeyBanc Capital Markets is $38 based on the research report published on September 20, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see AMKR reach a price target of $48. The rating they have provided for AMKR stocks is “Overweight” according to the report published on July 01st, 2024.
Needham gave a rating of “Buy” to AMKR, setting the target price at $40 in the report published on April 09th of the current year.
AMKR Trading at -4.55% 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 -34.28% of loss for the given period.
Volatility was left at 3.13%, however, over the last 30 days, the volatility rate increased by 2.67%, as shares sank -4.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.33% lower at present.
During the last 5 trading sessions, AMKR fell by -3.28%, which changed the moving average for the period of 200-days by -4.87% in comparison to the 20-day moving average, which settled at $30.35. In addition, AMKOR Technology Inc. saw -11.39% 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 10,000 shares at the price of $31.51 back on Oct 15 ’24. After this action, Rutten Guillaume Marie Jean now owns 204,971 shares of AMKOR Technology Inc., valued at $315,100 using the latest closing price.
GUILLAUME RUTTEN, the Officer of AMKOR Technology Inc., proposed sale 10,000 shares at $31.51 during a trade that took place back on Oct 15 ’24, which means that GUILLAUME RUTTEN is holding shares at $315,106 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 1.16. 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
To put it simply, AMKOR Technology Inc. (AMKR) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
