Atkore Inc (NYSE: ATKR) has a higher price-to-earnings ratio of 5.91x compared to its average ratio, The 36-month beta value for ATKR is at 2.10. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for ATKR is 35.34M, and currently, shorts hold a 10.10% of that float. The average trading volume for ATKR on November 21, 2024 was 623.02K shares.
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ATKR) stock’s latest price update
The stock of Atkore Inc (NYSE: ATKR) has decreased by -2.51 when compared to last closing price of 86.32.Despite this, the company has seen a loss of -9.01% in its stock price over the last five trading days. businesswire.com reported 2024-11-18 that HARVEY, Ill.–(BUSINESS WIRE)–The Board of Directors of Atkore Inc. (the “Company”) (NYSE: ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, today declared a quarterly cash dividend of $0.32 per share of common stock payable on December 16, 2024, to stockholders of record on December 6, 2024. About Atkore Inc. Atkore is a leading manufacturer of electrical products for commercial, industrial, data center, t.
ATKR’s Market Performance
ATKR’s stock has fallen by -9.01% in the past week, with a monthly drop of -3.05% and a quarterly drop of -13.56%. The volatility ratio for the week is 3.75% while the volatility levels for the last 30 days are 3.77% for Atkore Inc The simple moving average for the last 20 days is -6.87% for ATKR’s stock, with a simple moving average of -35.77% 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 -4.10% 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 -56.84% of loss for the given period.
Volatility was left at 3.77%, however, over the last 30 days, the volatility rate increased by 3.75%, as shares sank -1.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.65% upper at present.
During the last 5 trading sessions, ATKR fell by -9.01%, which changed the moving average for the period of 200-days by -41.20% in comparison to the 20-day moving average, which settled at $90.36. In addition, Atkore Inc saw -47.41% 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 Lamps Mark F., who sale 500 shares at the price of $96.55 back on Nov 11 ’24. After this action, Lamps Mark F. now owns 27,626 shares of Atkore Inc, valued at $48,275 using the latest closing price.
DAVID P JOHNSON, the Former Officer of Atkore Inc, proposed sale 10,264 shares at $86.14 during a trade that took place back on Sep 23 ’24, which means that DAVID P JOHNSON is holding shares at $884,138 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 0.77. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is 20.56.
Currently, EBITDA for the company is 1.02 billion with net debt to EBITDA at 0.72. When we switch over and look at the enterprise to sales, we see a ratio of 1.11. 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 conclusion, Atkore Inc (ATKR) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. 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.
