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In the latest session, Atkore Inc (NYSE: ATKR) closed at $82.78 down -0.41% from its previous closing price of $83.12. In other words, the price has decreased by -$0.41 from its previous closing price. On the day, 0.69 million shares were traded. ATKR stock price reached its highest trading level at $83.6854 during the session, while it also had its lowest trading level at $80.28.
Ratios:
For a deeper understanding of Atkore Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.60. For the most recent quarter (mrq), Quick Ratio is recorded 2.03 and its Current Ratio is at 3.26. In the meantime, Its Debt-to-Equity ratio is 0.59 whereas as Long-Term Debt/Eq ratio is at 0.58.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, RBC Capital Mkts on August 07, 2024, Downgraded its rating to Sector Perform and sets its target price to $100 from $175 previously.
On July 10, 2024, KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and target price of $175.
On December 13, 2022, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $146.B. Riley Securities initiated its Buy rating on December 13, 2022, with a $146 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 04 ’24 when DAVID P JOHNSON bought 9,566 shares for $87.13 per share.
DAVID P JOHNSON bought 2,000 shares of ATKR for $180,064 on Sep 03 ’24. On Aug 20 ’24, another insider, DAVID P JOHNSON, who serves as the Former Officer of the company, bought 13,930 shares for $96.37 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ATKR now has a Market Capitalization of 2981073408 and an Enterprise Value of 3586256384. As of this moment, Atkore’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.82, and their Forward P/E ratio for the next fiscal year is 7.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.90 while its Price-to-Book (P/B) ratio in mrq is 1.90. Its current Enterprise Value per Revenue stands at 1.092 whereas that against EBITDA is 4.318.
Stock Price History:
Over the past 52 weeks, ATKR has reached a high of $194.98, while it has fallen to a 52-week low of $80.99. The 50-Day Moving Average of the stock is -28.01%, while the 200-Day Moving Average is calculated to be -43.47%.
Shares Statistics:
For the past three months, ATKR has traded an average of 836.50K shares per day and 740540 over the past ten days. A total of 37.32M shares are outstanding, with a floating share count of 35.33M. Insiders hold about 1.48% of the company’s shares, while institutions hold 113.46% stake in the company. Shares short for ATKR as of 1723680000 were 4663144 with a Short Ratio of 5.57, compared to 1721001600 on 5741365. Therefore, it implies a Short% of Shares Outstanding of 4663144 and a Short% of Float of 17.349999999999998.
Dividends & Splits
According to the company, the forward annual dividend rate for ATKR is 0.96, from 0.64 in the trailing year. Against a Trailing Annual Dividend Yield of 0.007699711
