In the past week, ATKR stock has gone down by -19.41%, with a monthly decline of -19.72% and a quarterly plunge of -23.78%. The volatility ratio for the week is 3.64%, and the volatility levels for the last 30 days are 3.77% for Atkore Inc The simple moving average for the past 20 days is -21.21% for ATKR’s stock, with a -40.90% simple moving average for the past 200 days.
Is It Worth Investing in Atkore Inc (NYSE: ATKR) Right Now?
Atkore Inc (NYSE: ATKR) has a higher price-to-earnings ratio of 5.17x compared to its average ratio. ATKR has 36-month beta value of 2.18. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for ATKR is 34.26M, and currently, short sellers hold a 7.30% ratio of that float. The average trading volume of ATKR on February 04, 2025 was 626.46K shares.
ATKR) stock’s latest price update
Atkore Inc (NYSE: ATKR)’s stock price has decreased by -18.00 compared to its previous closing price of 79.72. However, the company has seen a -19.41% decrease in its stock price over the last five trading sessions. businesswire.com reported 2025-02-04 that SAN DIEGO–(BUSINESS WIRE)–Shareholder rights law firm Johnson Fistel, LLP is investigating whether Atkore Inc. (NYSE: ATKR), any of its executive officers, or others violated securities laws by misrepresenting or failing to disclose material information to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws. What if I purchased Atkore securities? If you purchased securities and suffered losses on your investment, join our i.
Analysts’ Opinion of ATKR
Many brokerage firms have already submitted their reports for ATKR stocks, with ROTH MKM repeating the rating for ATKR by listing it as a “Buy.” The predicted price for ATKR in the upcoming period, according to ROTH MKM is $100 based on the research report published on December 17, 2024 of the previous year 2024.
B. Riley Securities, on the other hand, stated in their research note that they expect to see ATKR reach a price target of $84, previously predicting the price at $135. The rating they have provided for ATKR stocks is “Neutral” according to the report published on November 22nd, 2024.
RBC Capital Mkts gave a rating of “Sector Perform” to ATKR, setting the target price at $100 in the report published on August 07th of the previous year.
ATKR Trading at -23.61% 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 -66.47% of loss for the given period.
Volatility was left at 3.77%, however, over the last 30 days, the volatility rate increased by 3.64%, as shares sank -21.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.17% lower at present.
During the last 5 trading sessions, ATKR fell by -19.29%, which changed the moving average for the period of 200-days by -61.52% in comparison to the 20-day moving average, which settled at $82.97. In addition, Atkore Inc saw -21.67% 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 Isbell Jeri L, who sale 3,353 shares at the price of $94.03 back on Dec 03 ’24. After this action, Isbell Jeri L now owns 25,585 shares of Atkore Inc, valued at $315,270 using the latest closing price.
JERI L ISBELL, the Director of Atkore Inc, proposed sale 3,353 shares at $94.03 during a trade that took place back on Dec 03 ’24, which means that JERI L ISBELL is holding shares at $315,270 based on the most recent closing price.
Stock Fundamentals for ATKR
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.33 for the gross margin
The net margin for Atkore Inc stands at 0.15. The total capital return value is set at 0.25. Equity return is now at value 31.03, with 15.67 for asset returns.
Based on Atkore Inc (ATKR), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.58. The debt to equity ratio resting at 0.62. The interest coverage ratio of the stock is 17.56.
Currently, EBITDA for the company is 624.78 million with net debt to EBITDA at 0.82. When we switch over and look at the enterprise to sales, we see a ratio of 0.89. The receivables turnover for the company is 6.54for trailing twelve months and the total asset turnover is 1.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.98.
Conclusion
To put it simply, Atkore Inc (ATKR) has had a bad performance in recent times. Analysts have a mixed 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.
