Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
In the latest session, Atkore Inc (NYSE: ATKR) closed at $154.34 down -12.51% from its previous closing price of $176.40. In other words, the price has decreased by -$12.51 from its previous closing price. On the day, 2.34 million shares were traded. ATKR stock price reached its highest trading level at $164.13 during the session, while it also had its lowest trading level at $153.37.
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 14.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.57. For the most recent quarter (mrq), Quick Ratio is recorded 1.99 and its Current Ratio is at 2.96. In the meantime, Its Debt-to-Equity ratio is 0.61 whereas as Long-Term Debt/Eq ratio is at 0.59.
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 this company, B. Riley Securities on December 13, 2022, initiated with a Buy rating and assigned the stock a target price of $146.
On October 19, 2022, Loop Capital started tracking the stock assigning a Buy rating and target price of $110.
On March 18, 2021, CJS Securities started tracking the stock assigning a Market Outperform rating and target price of $90.CJS Securities initiated its Market Outperform rating on March 18, 2021, with a $90 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 Mar 14 ’24 when Lowe LeAngela W. sold 6,500 shares for $176.07 per share. The transaction valued at 1,144,435 led to the insider holds 25,590 shares of the business.
Kershaw Justin A sold 1,099 shares of ATKR for $188,773 on Mar 13 ’24. The Director now owns 16,686 shares after completing the transaction at $171.77 per share. On Mar 04 ’24, another insider, Waltz William E Jr., who serves as the President and CEO of the company, sold 50,000 shares for $173.85 each. As a result, the insider received 8,692,350 and left with 83,716 shares of the company.
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 5674819072 and an Enterprise Value of 7015160832. As of this moment, Atkore’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.25, and their Forward P/E ratio for the next fiscal year is 8.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.63 while its Price-to-Book (P/B) ratio in mrq is 3.79. Its current Enterprise Value per Revenue stands at 2.014 whereas that against EBITDA is 7.336.
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 $116.14. The 50-Day Moving Average of the stock is -12.46%, while the 200-Day Moving Average is calculated to be 0.90%.
Shares Statistics:
For the past three months, ATKR has traded an average of 486.57K shares per day and 439250 over the past ten days. A total of 37.32M shares are outstanding, with a floating share count of 36.24M. Insiders hold about 1.43% of the company’s shares, while institutions hold 107.89% stake in the company. Shares short for ATKR as of 1713139200 were 5851895 with a Short Ratio of 12.03, compared to 1710460800 on 5195856. Therefore, it implies a Short% of Shares Outstanding of 5851895 and a Short% of Float of 21.069999.
Earnings Estimates
The stock of Atkore Inc (ATKR) is currently in the spotlight, with 4.0 analysts actively rating and assessing its market standing.On average, analysts expect EPS of $3.81 for the current quarter, with a high estimate of $4.12 and a low estimate of $3.69, while EPS last year was $4.87. The consensus estimate for the next quarter is $4.65, with high estimates of $4.74 and low estimates of $4.56.
Analysts are recommending an EPS of between $17.05 and $16.83 for the fiscal current year, implying an average EPS of $16.93. EPS for the following year is $18.0, with 4.0 analysts recommending between $18.14 and $17.8.
Revenue Estimates
For the next quarter, 3 analysts are estimating revenue of $972.13M. There is a high estimate of $983.2M for the next quarter, whereas the lowest estimate is $965.3M.
A total of 4 analysts have provided revenue estimates for ATKR’s current fiscal year. The highest revenue estimate was $3.56B, while the lowest revenue estimate was $3.48B, resulting in an average revenue estimate of $3.53B. In the same quarter a year ago, actual revenue was $3.52BBased on 4 analysts’ estimates, the company’s revenue will be $3.71B in the next fiscal year. The high estimate is $3.76B and the low estimate is $3.67B.
