The stock of Air Transport Services Group Inc (ATSG) has gone down by -0.05% for the week, with a 33.60% rise in the past month and a 43.05% rise in the past quarter. The volatility ratio for the week is 0.39%, and the volatility levels for the past 30 days are 2.01% for ATSG. The simple moving average for the last 20 days is 15.13% for ATSG stock, with a simple moving average of 50.11% for the last 200 days.
Is It Worth Investing in Air Transport Services Group Inc (NASDAQ: ATSG) Right Now?
Moreover, the 36-month beta value for ATSG is 0.84. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for ATSG is 51.13M and currently, short sellers hold a 5.43% of that float. On November 15, 2024, ATSG’s average trading volume was 837.10K shares.
ATSG) stock’s latest price update
The stock price of Air Transport Services Group Inc (NASDAQ: ATSG) has plunged by -0.18 when compared to previous closing price of 22.07, but the company has seen a -0.05% decline in its stock price over the last five trading sessions. zacks.com reported 2024-11-11 that Air Transport Services’ third-quarter 2024 earnings and revenues decrease year over year.
Analysts’ Opinion of ATSG
Many brokerage firms have already submitted their reports for ATSG stocks, with Susquehanna repeating the rating for ATSG by listing it as a “Neutral.” The predicted price for ATSG in the upcoming period, according to Susquehanna is $15 based on the research report published on November 08, 2023 of the previous year 2023.
Oppenheimer, on the other hand, stated in their research note that they expect to see ATSG reach a price target of $27. The rating they have provided for ATSG stocks is “Outperform” according to the report published on September 20th, 2023.
Truist gave a rating of “Hold” to ATSG, setting the target price at $26 in the report published on October 21st of the previous year.
ATSG Trading at 30.18% from the 50-Day Moving Average
After a stumble in the market that brought ATSG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.08% of loss for the given period.
Volatility was left at 2.01%, however, over the last 30 days, the volatility rate increased by 0.39%, as shares surge +33.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +38.82% upper at present.
During the last 5 trading sessions, ATSG fell by -0.05%, which changed the moving average for the period of 200-days by +42.22% in comparison to the 20-day moving average, which settled at $19.14. In addition, Air Transport Services Group Inc saw 25.10% 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 ATSG starting from Berger Michael L, who purchase 3,996 shares at the price of $12.47 back on Jun 07 ’24. After this action, Berger Michael L now owns 103,705 shares of Air Transport Services Group Inc, valued at $49,830 using the latest closing price.
HETE JOSEPH C, the Executive Chairman of Air Transport Services Group Inc, purchase 5,000 shares at $12.81 during a trade that took place back on Jun 07 ’24, which means that HETE JOSEPH C is holding 594,302 shares at $64,058 based on the most recent closing price.
Stock Fundamentals for ATSG
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.14 for the gross margin
The net margin for Air Transport Services Group Inc stands at -0.0. The total capital return value is set at 0.04. Equity return is now at value -0.20, with -0.07 for asset returns.
Based on Air Transport Services Group Inc (ATSG), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 1.11. The interest coverage ratio of the stock is 2.77.
Currently, EBITDA for the company is 507.65 million with net debt to EBITDA at 3.76. When we switch over and look at the enterprise to sales, we see a ratio of 1.54. The receivables turnover for the company is 10.59for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.81.
Conclusion
To wrap up, the performance of Air Transport Services Group Inc (ATSG) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
