The stock of Aramark (ARMK) has seen a 0.34% increase in the past week, with a 2.87% gain in the past month, and a 13.90% flourish in the past quarter. The volatility ratio for the week is 1.42%, and the volatility levels for the past 30 days are at 1.67% for ARMK. The simple moving average for the past 20 days is -0.35% for ARMK’s stock, with a 13.80% simple moving average for the past 200 days.
Is It Worth Investing in Aramark (NYSE: ARMK) Right Now?
Aramark (NYSE: ARMK) has a higher price-to-earnings ratio of 29.33x compared to its average ratio. ARMK has 36-month beta value of 1.62. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for ARMK is 261.73M, and currently, short sellers hold a 2.27% ratio of that float. The average trading volume of ARMK on November 06, 2024 was 1.97M shares.
ARMK) stock’s latest price update
Aramark (NYSE: ARMK) has seen a rise in its stock price by 0.52 in relation to its previous close of 38.14. However, the company has experienced a 0.34% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-04 that Aramark (ARMK) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Analysts’ Opinion of ARMK
Many brokerage firms have already submitted their reports for ARMK stocks, with RBC Capital Mkts repeating the rating for ARMK by listing it as a “Outperform.” The predicted price for ARMK in the upcoming period, according to RBC Capital Mkts is $42.50 based on the research report published on September 17, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see ARMK reach a price target of $39, previously predicting the price at $36. The rating they have provided for ARMK stocks is “Buy” according to the report published on August 07th, 2024.
Goldman gave a rating of “Buy” to ARMK, setting the target price at $33 in the report published on January 17th of the current year.
ARMK Trading at 1.14% from the 50-Day Moving Average
After a stumble in the market that brought ARMK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.13% of loss for the given period.
Volatility was left at 1.67%, however, over the last 30 days, the volatility rate increased by 1.42%, as shares surge +1.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.03% upper at present.
During the last 5 trading sessions, ARMK rose by +0.34%, which changed the moving average for the period of 200-days by +33.92% in comparison to the 20-day moving average, which settled at $38.47. In addition, Aramark saw 36.44% 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 ARMK starting from Harrington Lauren A, who sale 13,384 shares at the price of $31.02 back on Mar 05 ’24. After this action, Harrington Lauren A now owns 95,284 shares of Aramark, valued at $415,208 using the latest closing price.
Harrington Lauren A, the SVP and General Counsel of Aramark, sale 4,274 shares at $27.33 during a trade that took place back on Dec 15 ’23, which means that Harrington Lauren A is holding 95,142 shares at $116,819 based on the most recent closing price.
Stock Fundamentals for ARMK
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.07 for the gross margin
The net margin for Aramark stands at 0.02. The total capital return value is set at 0.08. Equity return is now at value 10.64, with 2.47 for asset returns.
Based on Aramark (ARMK), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 2.05. The interest coverage ratio of the stock is 1.96.
Currently, EBITDA for the company is 1.41 billion with net debt to EBITDA at 4.69. When we switch over and look at the enterprise to sales, we see a ratio of 0.89. The receivables turnover for the company is 8.13for trailing twelve months and the total asset turnover is 1.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.96.
Conclusion
To put it simply, Aramark (ARMK) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as 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.
