Amkor Technology Inc. (NASDAQ:AMKR) finished Friday with a subtraction of -$0.45 to close at $26.27, a downside of -1.68 percent. An average of 694,840 shares of common stock have been traded in the last five days. There was a fall of -$1.93 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 827,510 shares traded, while the 50-day average volume stands at 1,033,346.
AMKR stock has decreased by -11.13% in the last month. The company shares reached their 1-month lowest point of $26.14 on 08/11/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $16.13 and a high of $31.38 in 52 weeks. It has reached a new high 8 times so far this year and achieved 9.55% or $2.29 in price. In spite of this, the price is down -16.28% from the 52-week high.
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Insider Transactions
AMKR stock investors should be aware that Amkor Technology Inc. (AMKR) stock had its last reported insider trading activity 22 days ago on Jul 21. In this transaction, the insider spent $76,707. CFO, Faust Megan, disposed of 2,700 shares at a price of $26.38 on Jun 16. The insider now owns more than $71,226 worth of shares. Prior to that, CFO Faust Megan went on to Sale 2,700 shares at $26.55 each on Jun 09. An amount of $71,685 was transacted.
Valuation Metrics
Amkor Technology Inc. (AMKR) has a trailing price-to-earnings (P/E) ratio of 11.16. The stock’s beta is 1.78. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.93, the price-to-book (PB) ratio at 1.73, and the price-to-cash flow ratio at 45.78.
The company has a payout ratio of 11.60%. The company’s most recent quarterly dividend payment was $0.0750 a share, without any change from last year. Its latest increase dividend $0.0250 reported on Tuesday November 15 2022.
Financial Health
The quick ratio of Amkor Technology Inc. for the three months ended June 29 was 1.60, and the current ratio was 1.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.26 and a total debt to equity ratio of 0.32 for the quarter ending June 29. Amkor Technology Inc.’s EBITDA margin for the year ending June 29 is 21.29%, while its operating margin for the same period stands at 10.00%. Its gross profit as reported stood at $1.33 billion compared to revenue of $7.09 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Amkor Technology Inc.’s return on assets was 8.70%.
Earnings Surprise
For the three-month period that ended June 29, Amkor Technology Inc. had $399.23 million in cash and short-term investments compared to $975.54 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $64.29 million in the quarter, while revenues of $45.35 million were shrunk -94.09%. The analyst consensus anticipated Amkor Technology Inc.’s latest quarter earnings to come in at $0.21 per share, but it turned out to be $0.26, a 23.80% surprise. For the quarter, EBITDA amounted to $234.21 million. Shareholders own equity worth $245.73 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Amkor Technology Inc. (AMKR) price momentum. RSI 9-day as of the close on 11 August was 29.19%, suggesting the stock is oversold, with historical volatility in this time frame at 27.16%.
As of today, AMKR’s price is $27.27 -6.84% or -$1.93 from its 5-day moving average. AMKR is currently trading -10.03% lower than its 20-day SMA and +5.04% higher than its 100-day SMA. However, the stock’s current price level is +6.01% above the SMA50 and +33.62% above the SMA200.
The stochastic %K and %D were 3.75% and 12.35%, respectively, and the average true range (ATR) was 0.99. With the 14-day stochastic at 3.43% and the average true range at 0.99, the RSI (14) stands at 37.11%. The stock has reached -1.21 on the 9-day MACD Oscillator while the 14-day reading was at -1.56.
Analyst Ratings
DA Davidson launched coverage on Amkor Technology Inc. (NASDAQ: AMKR) in its analyst report released on June 30, 2022. The firm assigned the stock a Buy rating. The consensus rating for Amkor Technology Inc. (AMKR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AMKR, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 1 others rate it as a “buy”.
What is AMKR’s price target for the next 12 months?
Analysts predict a range of price targets between $30.00 and $36.00, with a median target of $30.00. Taking a look at these predictions, the average price target given by analysts for Amkor Technology Inc. (AMKR) stock is $32.00.
