The price-to-earnings ratio for ASGN Inc (NYSE: ASGN) is above average at 22.73x, Company’s 36-month beta value is 1.40.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for ASGN is 43.30M, and currently, short sellers hold a 3.15% ratio of that floaft. The average trading volume of ASGN on October 24, 2024 was 285.35K shares.
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ASGN) stock’s latest price update
ASGN Inc (NYSE: ASGN) has seen a rise in its stock price by 0.73 in relation to its previous close of 93.04. However, the company has experienced a -5.06% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-23 that ASGN Incorporated (NYSE:ASGN ) Q3 2024 Earnings Conference Call October 23, 2024 4:30 PM ET Company Participants Kimberly Esterkin – Vice President of Investor Relations Ted Hanson – Chief Executive Officer Marie Perry – Chief Financial Officer Rand Blazer – President Conference Call Participants Maggie Nolan – William Blair Surinder Thind – Jefferies Joseph Vafi – Canaccord Genuity Jasper Bibb – Truist Securities Kevin McVeigh – UBS Mark Marcon – Baird Operator Greetings, and welcome to the ASGN Incorporated Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
ASGN’s Market Performance
ASGN’s stock has fallen by -5.06% in the past week, with a monthly rise of 1.68% and a quarterly drop of -1.20%. The volatility ratio for the week is 2.60% while the volatility levels for the last 30 days are 2.10% for ASGN Inc The simple moving average for the last 20 days is -1.12% for ASGN stock, with a simple moving average of -1.42% for the last 200 days.
Analysts’ Opinion of ASGN
Many brokerage firms have already submitted their reports for ASGN stocks, with Canaccord Genuity repeating the rating for ASGN by listing it as a “Buy.” The predicted price for ASGN in the upcoming period, according to Canaccord Genuity is $110 based on the research report published on December 06, 2023 of the previous year 2023.
UBS, on the other hand, stated in their research note that they expect to see ASGN reach a price target of $72. The rating they have provided for ASGN stocks is “Sell” according to the report published on November 07th, 2023.
Wells Fargo gave a rating of “Overweight” to ASGN, setting the target price at $102 in the report published on September 18th of the previous year.
ASGN Trading at 0.11% from the 50-Day Moving Average
After a stumble in the market that brought ASGN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.93% of loss for the given period.
Volatility was left at 2.10%, however, over the last 30 days, the volatility rate increased by 2.60%, as shares sank -0.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.17% upper at present.
During the last 5 trading sessions, ASGN fell by -5.44%, which changed the moving average for the period of 200-days by +5.30% in comparison to the 20-day moving average, which settled at $94.76. In addition, ASGN Inc saw -2.55% 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 ASGN starting from MATIN ARSHAD, who sale 2,000 shares at the price of $92.51 back on Sep 13 ’24. After this action, MATIN ARSHAD now owns 11,645 shares of ASGN Inc, valued at $185,027 using the latest closing price.
MATIN ARSHAD, the Officer of ASGN Inc, proposed sale 2,000 shares at $92.51 during a trade that took place back on Sep 13 ’24, which means that MATIN ARSHAD is holding shares at $185,027 based on the most recent closing price.
Stock Fundamentals for ASGN
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.28 for the gross margin
The net margin for ASGN Inc stands at 0.04. The total capital return value is set at 0.09. Equity return is now at value 9.94, with 5.22 for asset returns.
Based on ASGN Inc (ASGN), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.41. The debt to equity ratio resting at 0.58. The interest coverage ratio of the stock is -9.59.
Currently, EBITDA for the company is 464.4 million with net debt to EBITDA at 3.48. When we switch over and look at the enterprise to sales, we see a ratio of 1.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.34.
Conclusion
In a nutshell, ASGN Inc (ASGN) 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.
