The price-to-earnings ratio for Atkore Inc (NYSE: ATKR) is above average at 7.34x, Company’s 36-month beta value is 2.11.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for ATKR is 35.33M, and currently, short sellers hold a 10.33% ratio of that floaft. The average trading volume of ATKR on November 07, 2024 was 793.17K shares.
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ATKR) stock’s latest price update
Atkore Inc (NYSE: ATKR) has seen a rise in its stock price by 14.98 in relation to its previous close of 90.84. However, the company has experienced a 22.15% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-10-23 that HARVEY, Ill.–(BUSINESS WIRE)–Atkore Inc. (the “Company”) (NYSE: ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, today announced that the Company will release its Fourth Quarter Fiscal Year 2024 results before the market opens on Thursday, November 21, 2024. The Company will hold a conference call to discuss the results at 8:00 a.m. (ET) that same day. Conference Call Information Dial In: 888-330-2446 (US.
ATKR’s Market Performance
ATKR’s stock has risen by 22.15% in the past week, with a monthly rise of 23.68% and a quarterly rise of 9.67%. The volatility ratio for the week is 4.67% while the volatility levels for the last 30 days are 3.02% for Atkore Inc The simple moving average for the last 20 days is 18.70% for ATKR stock, with a simple moving average of -22.03% for the last 200 days.
Analysts’ Opinion of ATKR
Many brokerage firms have already submitted their reports for ATKR stocks, with RBC Capital Mkts repeating the rating for ATKR by listing it as a “Sector Perform.” The predicted price for ATKR in the upcoming period, according to RBC Capital Mkts is $100 based on the research report published on August 07, 2024 of the current year 2024.
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see ATKR reach a price target of $175. The rating they have provided for ATKR stocks is “Overweight” according to the report published on July 10th, 2024.
B. Riley Securities gave a rating of “Buy” to ATKR, setting the target price at $146 in the report published on December 13th of the previous year.
ATKR Trading at 20.32% from the 50-Day Moving Average
After a stumble in the market that brought ATKR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.43% of loss for the given period.
Volatility was left at 3.02%, however, over the last 30 days, the volatility rate increased by 4.67%, as shares surge +20.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.84% upper at present.
During the last 5 trading sessions, ATKR rose by +22.15%, which changed the moving average for the period of 200-days by -31.77% in comparison to the 20-day moving average, which settled at $88.00. In addition, Atkore Inc saw -34.72% 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 ATKR starting from DAVID P JOHNSON, who proposed sale 10,264 shares at the price of $86.14 back on Sep 23 ’24. After this action, DAVID P JOHNSON now owns shares of Atkore Inc, valued at $884,138 using the latest closing price.
DAVID P JOHNSON, the Former Officer of Atkore Inc, proposed sale 9,566 shares at $87.13 during a trade that took place back on Sep 04 ’24, which means that DAVID P JOHNSON is holding shares at $833,509 based on the most recent closing price.
Stock Fundamentals for ATKR
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.35 for the gross margin
The net margin for Atkore Inc stands at 0.16. The total capital return value is set at 0.29. Equity return is now at value 35.98, with 18.51 for asset returns.
Based on Atkore Inc (ATKR), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.76. The debt to equity ratio resting at 0.5. The interest coverage ratio of the stock is 20.56.
Currently, EBITDA for the company is 893.49 million with net debt to EBITDA at 0.75. When we switch over and look at the enterprise to sales, we see a ratio of 1.33. The receivables turnover for the company is 6.52for trailing twelve months and the total asset turnover is 1.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.26.
Conclusion
In a nutshell, Atkore Inc (ATKR) 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.
