In the past week, AME stock has gone down by -1.07%, with a monthly gain of 14.82% and a quarterly surge of 17.01%. The volatility ratio for the week is 1.26%, and the volatility levels for the last 30 days are 1.61% for Ametek Inc The simple moving average for the past 20 days is 5.08% for AME’s stock, with a 11.95% simple moving average for the past 200 days.
Is It Worth Investing in Ametek Inc (NYSE: AME) Right Now?
Ametek Inc (NYSE: AME) has a price-to-earnings ratio that is above its average at 33.69x. The stock has a 36-month beta value of 1.16. Opinions on the stock are mixed, with 9 analysts rating it as a “buy,” 6 as “overweight,” 5 as “hold,” and 1 as “sell.”
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The public float for AME is 230.32M, and at present, short sellers hold a 1.12% of that float. On November 21, 2024, the average trading volume of AME was 1.21M shares.
AME) stock’s latest price update
The stock of Ametek Inc (NYSE: AME) has decreased by -0.07 when compared to last closing price of 193.46. Despite this, the company has experienced a -1.07% fall in its stock price over the last five trading sessions. zacks.com reported 2024-11-14 that From a technical perspective, AMETEK, Inc. (AME) is looking like an interesting pick, as it just reached a key level of support. AME’s 50-day simple moving average crossed above its 200-day simple moving average, which is known as a “golden cross” in the trading world.
Analysts’ Opinion of AME
Oppenheimer, on the other hand, stated in their research note that they expect to see AME reach a price target of $200. The rating they have provided for AME stocks is “Outperform” according to the report published on May 22nd, 2024.
Truist gave a rating of “Buy” to AME, setting the target price at $210 in the report published on March 14th of the current year.
AME Trading at 10.29% from the 50-Day Moving Average
After a stumble in the market that brought AME to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.71% of loss for the given period.
Volatility was left at 1.61%, however, over the last 30 days, the volatility rate increased by 1.26%, as shares surge +16.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.99% upper at present.
During the last 5 trading sessions, AME fell by -1.07%, which changed the moving average for the period of 200-days by +16.41% in comparison to the 20-day moving average, which settled at $183.99. In addition, Ametek Inc saw 17.25% 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 AME starting from Hardin John Wesley, who sale 19,450 shares at the price of $196.23 back on Nov 13 ’24. After this action, Hardin John Wesley now owns 69,402 shares of Ametek Inc, valued at $3,816,625 using the latest closing price.
Hardin John Wesley, the Officer of Ametek Inc, proposed sale 19,450 shares at $196.23 during a trade that took place back on Nov 13 ’24, which means that Hardin John Wesley is holding shares at $3,816,626 based on the most recent closing price.
Stock Fundamentals for AME
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.35 for the gross margin
The net margin for Ametek Inc stands at 0.19. The total capital return value is set at 0.14. Equity return is now at value 14.89, with 9.56 for asset returns.
Based on Ametek Inc (AME), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 0.78. The debt to equity ratio resting at 0.24. The interest coverage ratio of the stock is 15.26.
Currently, EBITDA for the company is 2.03 billion with net debt to EBITDA at 0.92. When we switch over and look at the enterprise to sales, we see a ratio of 6.75. The receivables turnover for the company is 7.14for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.39.
Conclusion
To sum up, Ametek Inc (AME) 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.
