ASGN Inc (NYSE: ASGN)’s stock price has increased by 0.10 compared to its previous closing price of 90.89. However, the company has seen a 6.93% increase in its stock price over the last five trading sessions. businesswire.com reported 2024-11-19 that RICHMOND, Va.–(BUSINESS WIRE)—- $asgn #conference–ASGN Incorporated (NYSE: ASGN), a leading provider of IT services and professional solutions across the commercial and government sectors, announced today the Company’s participation in the BofA Securities Leveraged Finance Conference at the Boca Hotel, Boca Raton, Florida on Tuesday, December 3. Ted Hanson, CEO, is scheduled to present at 10:50 a.m. ET and will participate in investor meetings throughout the day. The presentation will be webcast live, and a link.
Is It Worth Investing in ASGN Inc (NYSE: ASGN) Right Now?
ASGN Inc (NYSE: ASGN) has a higher price-to-earnings ratio of 23.03x compared to its average ratio. ASGN has 36-month beta value of 1.38. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 1 as “sell.”
The public float for ASGN is 42.69M, and currently, short sellers hold a 3.98% ratio of that float. The average trading volume of ASGN on November 28, 2024 was 334.15K shares.
ASGN’s Market Performance
ASGN stock saw a decrease of 6.93% in the past week, with a monthly decline of -4.31% and a quarterly a decrease of -6.15%. The volatility ratio for the week is 2.43%, and the volatility levels for the last 30 days are 2.59% for ASGN Inc (ASGN). The simple moving average for the last 20 days is -1.10% for ASGN stock, with a simple moving average of -4.16% for the last 200 days.
Analysts’ Opinion of ASGN
Many brokerage firms have already submitted their reports for ASGN stocks, with BMO Capital Markets repeating the rating for ASGN by listing it as a “Outperform.” The predicted price for ASGN in the upcoming period, according to BMO Capital Markets is $100 based on the research report published on November 22, 2024 of the current year 2024.
Canaccord Genuity, on the other hand, stated in their research note that they expect to see ASGN reach a price target of $110. The rating they have provided for ASGN stocks is “Buy” according to the report published on December 06th, 2023.
UBS gave a rating of “Sell” to ASGN, setting the target price at $72 in the report published on November 07th of the previous year.
ASGN Trading at -2.63% from the 50-Day Moving Average
After a stumble in the market that brought ASGN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.51% of loss for the given period.
Volatility was left at 2.59%, however, over the last 30 days, the volatility rate increased by 2.43%, as shares sank -3.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.21% lower at present.
During the last 5 trading sessions, ASGN rose by +6.93%, which changed the moving average for the period of 200-days by -1.28% in comparison to the 20-day moving average, which settled at $92.00. In addition, ASGN Inc saw -5.40% 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 ASGN starting from Hanson Theodore S., who sale 1,200 shares at the price of $99.64 back on Nov 12 ’24. After this action, Hanson Theodore S. now owns 288,855 shares of ASGN Inc, valued at $119,568 using the latest closing price.
Hanson Theodore S., the CEO of ASGN Inc, sale 900 shares at $97.12 during a trade that took place back on Nov 13 ’24, which means that Hanson Theodore S. is holding 287,955 shares at $87,405 based on the most recent closing price.
Stock Fundamentals for ASGN
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.28 for the gross margin
The net margin for ASGN Inc stands at 0.04. The total capital return value is set at 0.1. Equity return is now at value 9.94, with 5.22 for asset returns.
Based on ASGN Inc (ASGN), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.4. The debt to equity ratio resting at 0.58. The interest coverage ratio of the stock is 4.74.
Currently, EBITDA for the company is 464.4 million with net debt to EBITDA at 2.17. When we switch over and look at the enterprise to sales, we see a ratio of 1.18. The receivables turnover for the company is 6.1for trailing twelve months and the total asset turnover is 1.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.25.
Conclusion
To put it simply, ASGN Inc (ASGN) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as 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.
