Market Insight: Atmus Filtration Technologies Inc (ATMU)’s Notable Drop, Closing at 28.50

Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

In the latest session, Atmus Filtration Technologies Inc (NYSE: ATMU) closed at $28.50 down -0.18% from its previous closing price of $28.55. In other words, the price has decreased by -$0.18 from its previous closing price. On the day, 0.41 million shares were traded. ATMU stock price reached its highest trading level at $29.06 during the session, while it also had its lowest trading level at $28.46.

Ratios:

For a deeper understanding of Atmus Filtration Technologies 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 15.92 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.94. For the most recent quarter (mrq), Quick Ratio is recorded 1.27 and its Current Ratio is at 2.00. In the meantime, Its Debt-to-Equity ratio is 5.17 whereas as Long-Term Debt/Eq ratio is at 5.01.

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, Northland Capital on January 24, 2024, initiated with a Market Perform rating and assigned the stock a target price of $26.

On June 20, 2023, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $24.

On June 20, 2023, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $24.Robert W. Baird initiated its Outperform rating on June 20, 2023, with a $24 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 Nov 09 ’23 when Macadam Stephen E. bought 5,200 shares for $19.49 per share. The transaction valued at 101,348 led to the insider holds 19,268 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ATMU now has a Market Capitalization of 2375643136 and an Enterprise Value of 2855544064. As of this moment, Atmus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.48, and their Forward P/E ratio for the next fiscal year is 12.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 28.95. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.45 while its Price-to-Book (P/B) ratio in mrq is 19.50. Its current Enterprise Value per Revenue stands at 1.745 whereas that against EBITDA is 10.816.

Stock Price History:

The Beta on a monthly basis for ATMU is 1.78, which has changed by 0.23697913 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, ATMU has reached a high of $33.70, while it has fallen to a 52-week low of $18.21. The 50-Day Moving Average of the stock is -3.54%, while the 200-Day Moving Average is calculated to be 13.44%.

Shares Statistics:

For the past three months, ATMU has traded an average of 1.57M shares per day and 1072530 over the past ten days. A total of 83.30M shares are outstanding, with a floating share count of 82.90M. Insiders hold about 0.54% of the company’s shares, while institutions hold 105.57% stake in the company. Shares short for ATMU as of 1718323200 were 2552485 with a Short Ratio of 1.63, compared to 1715731200 on 3099708. Therefore, it implies a Short% of Shares Outstanding of 2552485 and a Short% of Float of 3.08.

Most Popular