The stock of Amalgamated Financial Corp (AMAL) has seen a 6.50% increase in the past week, with a 12.99% gain in the past month, and a 22.38% flourish in the past quarter. The volatility ratio for the week is 3.95%, and the volatility levels for the past 30 days are at 3.22% for AMAL. The simple moving average for the last 20 days is 3.59% for AMAL stock, with a simple moving average of 28.60% for the last 200 days.
Is It Worth Investing in Amalgamated Financial Corp (NASDAQ: AMAL) Right Now?
Amalgamated Financial Corp (NASDAQ: AMAL) has a price-to-earnings ratio that is above its average at 10.39x. The stock has a 36-month beta value of 0.92. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for AMAL is 17.92M, and at present, short sellers hold a 5.18% of that float. On November 08, 2024, the average trading volume of AMAL was 154.74K shares.
AMAL) stock’s latest price update
Amalgamated Financial Corp (NASDAQ: AMAL) has seen a decline in its stock price by -7.37 in relation to its previous close of 38.13. However, the company has experienced a 6.50% gain in its stock price over the last five trading sessions. zacks.com reported 2024-10-29 that Amalgamated Financial (AMAL) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Analysts’ Opinion of AMAL
Many brokerage firms have already submitted their reports for AMAL stocks, with JP Morgan repeating the rating for AMAL by listing it as a “Overweight.” The predicted price for AMAL in the upcoming period, according to JP Morgan is $29 based on the research report published on December 12, 2023 of the previous year 2023.
JP Morgan, on the other hand, stated in their research note that they expect to see AMAL reach a price target of $17.50, previously predicting the price at $18.50. The rating they have provided for AMAL stocks is “Neutral” according to the report published on March 23rd, 2021.
Keefe Bruyette gave a rating of “Outperform” to AMAL, setting the target price at $21 in the report published on February 04th of the previous year.
AMAL Trading at 9.09% from the 50-Day Moving Average
After a stumble in the market that brought AMAL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.52% of loss for the given period.
Volatility was left at 3.22%, however, over the last 30 days, the volatility rate increased by 3.95%, as shares surge +11.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.74% upper at present.
During the last 5 trading sessions, AMAL rose by +6.50%, which changed the moving average for the period of 200-days by +32.53% in comparison to the 20-day moving average, which settled at $34.10. In addition, Amalgamated Financial Corp saw 31.11% 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 AMAL starting from Western States Regional Joint, who sale 175,000 shares at the price of $37.24 back on Nov 06 ’24. After this action, Western States Regional Joint now owns 7,558,575 shares of Amalgamated Financial Corp, valued at $6,516,438 using the latest closing price.
Western States Regional Joint, the 10% Owner of Amalgamated Financial Corp, sale 47,253 shares at $33.23 during a trade that took place back on Nov 05 ’24, which means that Western States Regional Joint is holding 7,733,575 shares at $1,570,364 based on the most recent closing price.
Stock Fundamentals for AMAL
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 1.0 for the gross margin
The net margin for Amalgamated Financial Corp stands at 0.24. The total capital return value is set at 0.08. Equity return is now at value 16.82, with 1.28 for asset returns.
Based on Amalgamated Financial Corp (AMAL), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at 1.61. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is 1.84.
Currently, EBITDA for the company is 0.89 million with net debt to EBITDA at 1.78. When we switch over and look at the enterprise to sales, we see a ratio of 2.67. The receivables turnover for the company is 0.09for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.04.
Conclusion
To sum up, Amalgamated Financial Corp (AMAL) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
