As of Thursday close, American Tower Corporation’s (NYSE:AMT) stock was down -$4.87, moving down -2.55 percent to $185.75. The average number of shares traded per day over the past five days has been 2,100,080 shares. 1 time new highs have been achieved over the past 5 days, with a -$7.48 fall in that time frame. In the last twenty days, the average volume was 2,595,685, while in the previous 50 days, it was 2,457,534.
Since last month, AMT stock retreated -6.36%. Shares of the company fell to $179.21 on 07/20/23, the lowest level in the past month. A 52-week high of $282.47 was reached on 01/17/23 after having rallying from a 52-week low of $178.17. Since the beginning of this year, AMT’s stock price has dropped by -12.32% or -$26.11, and marked a new high 7 times. However, the stock has declined by -34.24% since its 52-week high.
AMT stock investors should be aware that American Tower Corporation (AMT) stock had its last reported insider trading activity 3 days ago on Aug 01. HORMATS ROBERT D, the Director of the company, disposed of 125 shares for $190.75 on Aug 01. It resulted in a $23,844 divestment by the insider. DOLAN RAYMOND P sold 10,025 shares at an average price of $195.00 on Feb 27. The insider now owns 17,473 shares following the transaction. On Feb 06, Director THOMPSON SAMME L sold 1,739 shares at $218.59 apiece. The transaction was valued at $380,128.
Valuation Metrics
Right now, American Tower Corporation (AMT) has a P/E ratio of about 89.82. The stock’s beta is 0.57. Besides these, the trailing price-to-sales (P/S) ratio of 8.11, the price-to-book (PB) ratio of 16.76.
The latest dividend of $1.57 per share was paid out, which is 0.64% more than last year’s $1.56. On Thursday May 25 2023, a $0.01 dividend increase was announced.
Financial Health
In the recent quarter, American Tower Corporation’s quick ratio stood at 0.50, while its current ratio was 0.50, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 6.89, and the total debt-to-equity ratio was 7.51. On the profitability front, the trailing twelve-month gross margin is 70.00% percent. In the recent year, operating margins totaled 22.80%. Based on annual data, AMT earned $2.35 billion in gross profit and brought in $10.71 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 5.30%. Return on equity (ROE) for the past 12 months was 17.30%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AMT’s revenue rose 3.51% to $2.77 billion during the quarter, while net income inched up to $2.77 billion. During the quarter, the company generated $1.64 billion in EBITDA. The value of shareholders’ equity is $466.16 million.
Technical Picture
This quick technical analysis looks at American Tower Corporation’s (AMT) price momentum. With a historical volatility rate of 30.31%, the RSI 9-day stood at 40.63% on 03 August.
With respect to its five-day moving average, the current American Tower Corporation price is down by -3.87% percent or -$7.48. At present, AMT shares trade -5.23% below its 20-day simple moving average and -2.89% percent below its 100-day simple moving average. However, the stock is currently trading approximately -3.99% below its SMA50 and -0.02% below its SMA200.
Stochastic coefficient K was 46.27% and Stochastic coefficient D was 50.11%, while ATR was 5.39. Given the Stochastic reading of 30.28% for the 14-day period, the RSI (14) reading has been calculated as 43.32%. As of today, the MACD Oscillator reading stands at -0.54, while the 14-day reading stands at 0.74.
Analyst Ratings
BMO Capital Markets launched its rating on American Tower Corporation (NYSE: AMT) to an Outperform in a note to investors on July 13, 2023. American Tower Corporation (AMT) has been rated Buy by analysts. According to 0 brokerage firms, AMT is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate American Tower Corporation stock as buy, with 14 recommending it as overweight.
With a median target price of $230.00, the current consensus forecast for the stock is $211.00 – $271.00. Based on these forecasts, analysts predict American Tower Corporation (AMT) will achieve an average price target of $234.38.
