In the latest session, AMKOR Technology Inc. (NASDAQ: AMKR) closed at $33.08 down -2.79% from its previous closing price of $34.03. In other words, the price has decreased by -$0.95 from its previous closing price. On the day, 775262 shares were traded. AMKR stock price reached its highest trading level at $33.99 during the session, while it also had its lowest trading level at $32.73.
Ratios:
For a deeper understanding of AMKOR Technology 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 5.10 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.63. For the most recent quarter (mrq), Quick Ratio is recorded 2.02 and its Current Ratio is at 2.31. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.29.
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, Goldman on February 29, 2024, initiated with a Neutral rating and assigned the stock a target price of $32.
On November 16, 2023, UBS started tracking the stock assigning a Buy rating and target price of $31.
On November 16, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $35.B. Riley Securities initiated its Buy rating on November 16, 2023, with a $35 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 07 ’24 when CHURCHILL WINSTON J sold 11,903 shares for $36.20 per share. The transaction valued at 430,889 led to the insider holds 11,300 shares of the business.
Haghighi Farshad sold 9,911 shares of AMKR for $334,001 on Mar 06 ’24. The Executive Vice President now owns 8,354 shares after completing the transaction at $33.70 per share. On Feb 22 ’24, another insider, Rutten Guillaume Marie Jean, who serves as the President and CEO of the company, sold 25,000 shares for $30.63 each. As a result, the insider received 765,750 and left with 123,728 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, AMKR now has a Market Capitalization of 8.13B and an Enterprise Value of 7.89B. As of this moment, AMKOR’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.72, and their Forward P/E ratio for the next fiscal year is 14.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.25 while its Price-to-Book (P/B) ratio in mrq is 2.05. Its current Enterprise Value per Revenue stands at 1.21 whereas that against EBITDA is 6.96.
Stock Price History:
Over the past 52 weeks, AMKR has reached a high of $37.00, while it has fallen to a 52-week low of $17.58. The 50-Day Moving Average of the stock is 31.73, while the 200-Day Moving Average is calculated to be 27.71.
Shares Statistics:
For the past three months, AMKR has traded an average of 970.62K shares per day and 942.82k over the past ten days. A total of 245.89M shares are outstanding, with a floating share count of 114.64M. Insiders hold about 53.38% of the company’s shares, while institutions hold 43.38% stake in the company. Shares short for AMKR as of Feb 29, 2024 were 3.1M with a Short Ratio of 3.19, compared to 2.82M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.26% and a Short% of Float of 4.69%.
Dividends & Splits
According to the company, the forward annual dividend rate for AMKR is 0.31, from 0.30 in the trailing year. Against a Trailing Annual Dividend Yield of 0.89%, it implies a Forward Annual Dividend Yield of 0.95%.
Earnings Estimates
There are 6 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.11 for the current quarter, with a high estimate of $0.14 and a low estimate of $0.08, while EPS last year was $0.18. The consensus estimate for the next quarter is $0.17, with high estimates of $0.24 and low estimates of $0.09.
Analysts are recommending an EPS of between $1.73 and $1.45 for the fiscal current year, implying an average EPS of $1.63. EPS for the following year is $2.33, with 6 analysts recommending between $2.51 and $2.11.
Revenue Estimates
A total of 5 analysts believe the company’s revenue will be $1.36B this quarter.It ranges from a high estimate of $1.38B to a low estimate of $1.35B. As of the current estimate, AMKOR Technology Inc.’s year-ago sales were $1.47B, an estimated decrease of -7.80% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $1.39B, a decrease of -4.70% over than the figure of -$7.80% in the same quarter last year. There is a high estimate of $1.43B for the next quarter, whereas the lowest estimate is $1.35B.
A total of 6 analysts have provided revenue estimates for AMKR’s current fiscal year. The highest revenue estimate was $6.67B, while the lowest revenue estimate was $6.35B, resulting in an average revenue estimate of $6.48B. In the same quarter a year ago, actual revenue was $6.5B, down -0.40% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $7.14B in the next fiscal year. The high estimate is $7.39B and the low estimate is $6.77B. The average revenue growth estimate for next year is up 10.20% from the average revenue estimate for this year.
