Market Momentum: Atkore Inc (ATKR) Registers a -19.56 Decrease, Closing at 64.13

Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.

Atkore Inc (NYSE: ATKR) closed the day trading at $64.13 down -19.56% from the previous closing price of $79.72. In other words, the price has decreased by -$19.56 from its previous closing price. On the day, 4.72 million shares were traded.

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 6.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.58. 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:

As of this moment, Atkore’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.08, and their Forward P/E ratio for the next fiscal year is 6.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.70 while its Price-to-Book (P/B) ratio in mrq is 1.45.

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 $76.01. The 50-Day Moving Average of the stock is -25.04%, while the 200-Day Moving Average is calculated to be -42.02%.

Shares Statistics:

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 107.53% stake in the company.

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