As of Friday close, Altra Industrial Motion Corp.’s (NASDAQ:AIMC) stock was down -$0.32, moving down -0.52 percent to $61.08. The average number of shares traded per day over the past five days has been 2,317,360 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.52 fall in that time frame. In the last twenty days, the average volume was 1,676,680, while in the previous 50 days, it was 1,184,914.
Since last month, AIMC stock retreated -0.78%. Shares of the company fell to $60.80 on 03/17/23, the lowest level in the past month. A 52-week high of $61.73 was reached on 03/02/23 after having rallying from a 52-week low of $32.18. Since the beginning of this year, AIMC’s stock price has risen by 2.23% or $1.33, and marked a new high 17 times. However, the stock has declined by -1.05% since its 52-week high.
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Valuation Metrics
Right now, Altra Industrial Motion Corp. (AIMC) has a P/E ratio of about 31.44. The stock’s beta is 2.18. Besides these, the trailing price-to-sales (P/S) ratio of 2.05, the price-to-book (PB) ratio of 1.99, and the price-to-cash flow ratio of 85.22 may also be considered.
The latest dividend of $0.09 per share was paid out, remained unchanged from last year’s $0.09. On Tuesday April 26 2022, a $0.01 dividend increase was announced.
Financial Health
In the three months ended December 30, Altra Industrial Motion Corp.’s quick ratio stood at 1.30, while its current ratio was 2.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.51, and the total debt-to-equity ratio was 0.52. On the profitability front, the trailing twelve-month gross margin is 35.60% percent. In the year ended December 30, operating margins totaled 12.40%. Based on annual data, AIMC earned $692.9 million in gross profit and brought in $1.95 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.80%. Return on equity (ROE) for the past 12 months was 6.50%.
In Altra Industrial Motion Corp.’s quarter-end financial report for December 30, it reported total debt of $1.04 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AIMC’s revenue fell -0.64% to $498.1 million during the quarter, while net income inched up to $466.3 million. While analysts expected Altra Industrial Motion Corp. to report $0.76 quarterly earnings, the actual figure was $0.73 per share, beating the consensus estimate by -3.90%. During the quarter, the company generated $74.1 million in EBITDA. The liabilities of Altra Industrial Motion Corp. were 1.67 billion at the end of its most recent quarter ended December 30, and its total debt was $1.09 billion. The value of shareholders’ equity is $65.36 million.
Technical Picture
This quick technical analysis looks at Altra Industrial Motion Corp.’s (AIMC) price momentum. With a historical volatility rate of 4.31%, the RSI 9-day stood at 30.80% on 17 March.
With respect to its five-day moving average, the current Altra Industrial Motion Corp. price is down by -0.84% percent or -$0.52. At present, AIMC shares trade -0.72% below its 20-day simple moving average and +59.90% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.09% above its SMA50 and +55.78% above its SMA200.
Stochastic coefficient K was 33.22% and Stochastic coefficient D was 39.82%, while ATR was 0.21. Given the Stochastic reading of 30.11% for the 14-day period, the RSI (14) reading has been calculated as 39.93%. As of today, the MACD Oscillator reading stands at -0.15, while the 14-day reading stands at -0.20.
Analyst Ratings
Altra Industrial Motion Corp. downgraded its rating on Altra Industrial Motion Corp. (NASDAQ: AIMC) to a Hold in a note to investors on March 03, 2023. The analysts firm previously had a Buy rating on the stock.
With a median target price of $62.00, the current consensus forecast for the stock is $62.00 – $62.00. Based on these forecasts, analysts predict Altra Industrial Motion Corp. (AIMC) will achieve an average price target of $62.00.