The stock price of Rockwell Automation Inc (NYSE: ROK) has surged by 0.70 when compared to previous closing price of 278.14, but the company has seen a -2.26% decline in its stock price over the last five trading sessions. accesswire.com reported 2024-11-20 that NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES REGINA, SK / ACCESSWIRE / November 20, 2024 / ROK Resources Inc. (“ROK” or the “Company”) (TSXV:ROK)(OTCQB:ROKRF) has filed its interim Financial Results and Management Discussion & Analysis for the nine months ended September 30, 2024. The Company successfully executed its Q3 2024 drilling program, drilling 2 gross (1.5 net) wells in Saskatchewan.
Is It Worth Investing in Rockwell Automation Inc (NYSE: ROK) Right Now?
Rockwell Automation Inc (NYSE: ROK) has a price-to-earnings ratio of 33.81x that is above its average ratio. Additionally, the 36-month beta value for ROK is 1.34. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 3 rating it as “overweight,” 16 rating it as “hold,” and 3 rating it as “sell.”
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The public float for ROK is 112.66M and currently, short sellers hold a 1.84% ratio of that float. The average trading volume of ROK on November 21, 2024 was 712.70K shares.
ROK’s Market Performance
ROK stock saw an increase of -2.26% in the past week, with a monthly gain of 4.20% and a quarterly increase of 6.48%. The volatility ratio for the week is 1.79%, and the volatility levels for the last 30 days are 2.23% for Rockwell Automation Inc (ROK). The simple moving average for the last 20 days is 1.61% for ROK stock, with a simple moving average of 3.21% for the last 200 days.
Analysts’ Opinion of ROK
Many brokerage firms have already submitted their reports for ROK stocks, with UBS repeating the rating for ROK by listing it as a “Neutral.” The predicted price for ROK in the upcoming period, according to UBS is $313 based on the research report published on November 13, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see ROK reach a price target of $345. The rating they have provided for ROK stocks is “Outperform” according to the report published on November 13th, 2024.
Morgan Stanley gave a rating of “Overweight” to ROK, setting the target price at $320 in the report published on September 06th of the current year.
ROK Trading at 3.57% from the 50-Day Moving Average
After a stumble in the market that brought ROK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.45% of loss for the given period.
Volatility was left at 2.23%, however, over the last 30 days, the volatility rate increased by 1.79%, as shares surge +5.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.04% upper at present.
During the last 5 trading sessions, ROK fell by -2.26%, which changed the moving average for the period of 200-days by +7.73% in comparison to the 20-day moving average, which settled at $275.63. In addition, Rockwell Automation Inc saw -9.79% 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 ROK starting from MILLER JOHN M, who sale 467 shares at the price of $284.07 back on Nov 18 ’24. After this action, MILLER JOHN M now owns 4,800 shares of Rockwell Automation Inc, valued at $132,660 using the latest closing price.
MILLER JOHN M, the Officer of Rockwell Automation Inc, proposed sale 467 shares at $284.07 during a trade that took place back on Nov 18 ’24, which means that MILLER JOHN M is holding shares at $132,660 based on the most recent closing price.
Stock Fundamentals for ROK
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.39 for the gross margin
The net margin for Rockwell Automation Inc stands at 0.12. The total capital return value is set at 0.17. Equity return is now at value 26.86, with 8.41 for asset returns.
Based on Rockwell Automation Inc (ROK), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 1.04. The interest coverage ratio of the stock is 8.3.
Currently, EBITDA for the company is 1.61 billion with net debt to EBITDA at 2.24. When we switch over and look at the enterprise to sales, we see a ratio of 4.26. The receivables turnover for the company is 4.59for trailing twelve months and the total asset turnover is 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.08.
Conclusion
In conclusion, Rockwell Automation Inc (ROK) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
