Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
Atkore Inc (NYSE: ATKR) closed the day trading at $81.11 down -1.74% from the previous closing price of $82.55. In other words, the price has decreased by -$1.74 from its previous closing price. On the day, 0.59 million shares were traded. ATKR stock price reached its highest trading level at $82.74 during the session, while it also had its lowest trading level at $79.96.
Ratios:
For a better understanding of ATKR, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.06. For the most recent quarter (mrq), Quick Ratio is recorded 1.96 and its Current Ratio is at 2.98. In the meantime, Its Debt-to-Equity ratio is 0.62 whereas as Long-Term Debt/Eq ratio is at 0.60.
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, ROTH MKM on December 17, 2024, initiated with a Buy rating and assigned the stock a target price of $100.
On November 22, 2024, B. Riley Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $135 to $84.
RBC Capital Mkts Downgraded its Outperform to Sector Perform on August 07, 2024, whereas the target price for the stock was revised from $175 to $100.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 03 ’24 when Isbell Jeri L sold 3,353 shares for $94.03 per share. The transaction valued at 315,270 led to the insider holds 25,585 shares of the business.
JERI L ISBELL bought 3,353 shares of ATKR for $315,270 on Dec 03 ’24. On Nov 27 ’24, another insider, BEVERLY C. WALTZ LIFETIME TRUS, who serves as the Officer of the company, bought 59,019 shares for $92.64 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 2816439296 and an Enterprise Value of 3670897152. As of this moment, Atkore’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.42, and their Forward P/E ratio for the next fiscal year is 8.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.88 while its Price-to-Book (P/B) ratio in mrq is 1.84. Its current Enterprise Value per Revenue stands at 1.118 whereas that against EBITDA is 4.42.
Stock Price History:
The Beta on a monthly basis for ATKR is 2.12, which has changed by -0.458795 over the last 52 weeks, in comparison to a change of 0.25219524 over the same period for the S&P500. Over the past 52 weeks, ATKR has reached a high of $194.98, while it has fallen to a 52-week low of $76.01. The 50-Day Moving Average of the stock is -6.45%, while the 200-Day Moving Average is calculated to be -28.21%.
Shares Statistics:
Over the past 3-months, ATKR traded about 616.94K shares per day on average, while over the past 10 days, ATKR traded about 442540 shares per day. A total of 34.86M shares are outstanding, with a floating share count of 34.26M. Insiders hold about 1.33% of the company’s shares, while institutions hold 107.36% stake in the company. Shares short for ATKR as of 1730332800 were 3571016 with a Short Ratio of 4.05, compared to 1727654400 on 4308505. Therefore, it implies a Short% of Shares Outstanding of 3571016 and a Short% of Float of 13.29.
