The stock of Allison Transmission Holdings Inc. (NYSE:ALSN) increased by $0.3 on Friday to finish at $59.03, up 0.51 percent. The last five days have seen an average of 543,740 shares of common stock traded. 40 times new highs were reached in the current year, with a gain of $17.43. The average number of shares traded over the last 20 days was 652,295, while the average volume over the last 50 days totaled 701,976.
ALSN stock appreciated 1.08% since last month. On 07/27/23, the company’s shares reached a one-month low of $57.15. The stock touched a high of $60.17 on 07/28/23, after rallying from a low of $32.63 in 52 weeks. The price of ALSN stock has risen by 41.90% or $17.43 this year, reaching a new high 40 times. Still, the stock price is down -1.89% from the 52-week high.
Insider Transactions
ALSN stock investors should be aware that Allison Transmission Holdings Inc. (ALSN) stock had its last reported insider trading activity 13 days ago on Aug 01. On Aug 01, VP, Gen. Counsel & Secretary Scroggins Eric C. sold 5,165 shares at $59.13 each. This transaction resulted in the insider making $305,421. On Jun 30, Coll John sold 2,000 shares at a price of US$56.89. After the transaction, the insider now owns 18,788 shares. SVP, Global MSS Coll John had earlier sold 2,000 shares on Jun 13 for $54.00 a share. The transaction was completed for $108,000.
Valuation Metrics
Allison Transmission Holdings Inc. (ALSN) has a trailing price-to-earnings (P/E) ratio of 8.76. Beta for the stock is 0.99. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.78, the price-to-book (PB) ratio of 5.03, and the price-to-cash flow ratio of 8.73.
Company paid $0.23 per share in dividends, remained unchanged from $0.23 last year. A $0.02 dividend increase was reported on Thursday February 23 2023.
Financial Health
For the three months ended June 29, Allison Transmission Holdings Inc.’s quick ratio was 1.60, while its current ratio was 2.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.37, and the total debt to equity ratio is 2.37. As far as profitability goes, gross margin for the trailing twelve months is 47.70% percent. Allison Transmission Holdings Inc.’s EBITDA margin for the year ended June 29 was 33.98%, whereas its operating margin stood at 29.40% for the same period. Based on annual data, it had gross profit of $1.3 billion and revenue of $2.77 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ALSN’s return on assets (ROA) during the last 12 months has been 13.20%. There was a 19.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 67.90%.
Earnings Surprise
According to Allison Transmission Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $783.0 million, while revenues rose by 15.2% to $741.0 million. It was predicted that Allison Transmission Holdings Inc.’s quarterly earnings would be $1.92, but it ended up being $1.62, beating the consensus by 18.50%. EBITDA was $280.0 million for the quarter. At the end of Allison Transmission Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 3.8 billion, while its total debt was $2.52 billion. Equity owned by shareholders amounts to $89.53 million.
Technical Picture
Here’s a quick look at Allison Transmission Holdings Inc.’s (ALSN) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 57.27%, suggesting the stock is Neutral, with a 14.64% historical volatility rate.
The stochastic %K and %D were 57.28% and 58.13% respectively, while the average true range (ATR) was 1.10. Based on the 14-day stochastic reading of 62.25%, the RSI (14) reading is 59.61%. On the 9-day MACD Oscillator, the stock is at -0.10, and the 14-day reading is at 0.16.
Analyst Ratings
Allison Transmission Holdings Inc. (NYSE: ALSN) was downgraded by Credit Suisse to a a Neutral rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Allison Transmission Holdings Inc. (ALSN) an Hold rating. ALSN is a stock that is recommended for selling by 2 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 3 others recommend it as a buy.
What is ALSN’s price target for the next 12 months?
The current consensus forecast for the stock is between $48.00 and $100.00, with a median target price of $63.00. In analyzing these forecasts, the average price target given by analysts for Allison Transmission Holdings Inc. (ALSN) is $65.43.
