As of Friday close, Atkore Inc.’s (NYSE:ATKR) stock was up $0.97, moving up 0.69 percent to $141.97. The average number of shares traded per day over the past five days has been 415,100 shares. 2 times new highs have been achieved over the past 5 days, with a -$6.38 fall in that time frame. In the last twenty days, the average volume was 410,960, while in the previous 50 days, it was 403,572.
Since last month, ATKR stock retreated -11.39%. Shares of the company fell to $136.91 on 08/18/23, the lowest level in the past month. A 52-week high of $164.76 was reached on 08/02/23 after having rallying from a 52-week low of $70.50. Since the beginning of this year, ATKR’s stock price has risen by 25.17% or $28.55, and marked a new high 19 times. However, the stock has declined by -13.83% since its 52-week high.
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ATKR stock investors should be aware that Atkore Inc. (ATKR) stock had its last reported insider trading activity 32 days ago on Jul 18. Lowe LeAngela W., the VP, Global Human Resources of the company, disposed of 3,000 shares for $160.09 on Jul 18. It resulted in a $480,282 divestment by the insider. MUSE SCOTT H sold 1,211 shares at an average price of $150.00 on Jun 27. The insider now owns 26,583 shares following the transaction. On May 24, Director Zeffiro A Mark sold 750 shares at $118.82 apiece. The transaction was valued at $89,112.
Valuation Metrics
Right now, Atkore Inc. (ATKR) has a P/E ratio of about 7.44. The stock’s beta is 2.20. Besides these, the trailing price-to-sales (P/S) ratio of 1.45, the price-to-book (PB) ratio of 3.86, and the price-to-cash flow ratio of 8.32 may also be considered.
Financial Health
In the three months ended June 29, Atkore Inc.’s quick ratio stood at 1.90, while its current ratio was 2.80, 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 June 29 was 0.54, and the total debt-to-equity ratio was 0.54. On the profitability front, the trailing twelve-month gross margin is 39.50% percent. In the year ended June 29, EBITDA margin amounted to 34.12%, whereas operating margins totaled 25.20%. Based on annual data, ATKR earned $1.64 billion in gross profit and brought in $3.91 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 46.90%. Return on equity (ROE) for the past 12 months was 54.00%.
In Atkore Inc.’s quarter-end financial report for June 29, it reported total debt of $762.15 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ATKR’s revenue fell -15.54% to $895.93 million during the quarter, while net income inched up to $918.8 million. While analysts expected Atkore Inc. to report $4.27 quarterly earnings, the actual figure was $5.72 per share, beating the consensus estimate by 34.00%. During the quarter, the company generated $269.17 million in EBITDA. The liabilities of Atkore Inc. were 1.39 billion at the end of its most recent quarter ended June 29, and its total debt was $857.76 million. The value of shareholders’ equity is $37.79 million.
Technical Picture
This quick technical analysis looks at Atkore Inc.’s (ATKR) price momentum. With a historical volatility rate of 42.99%, the RSI 9-day stood at 34.15% on 18 August.
With respect to its five-day moving average, the current Atkore Inc. price is down by -4.30% percent or -$6.38. At present, ATKR shares trade -9.93% below its 20-day simple moving average and +4.53% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.49% above its SMA50 and +48.97% above its SMA200.
Stochastic coefficient K was 6.76% and Stochastic coefficient D was 11.04%, while ATR was 5.09. Given the Stochastic reading of 18.17% for the 14-day period, the RSI (14) reading has been calculated as 39.20%. As of today, the MACD Oscillator reading stands at -5.34, while the 14-day reading stands at -8.00.
Analyst Ratings
B. Riley Securities launched its rating on Atkore Inc. (NYSE: ATKR) to a Buy in a note to investors on December 13, 2022. Atkore Inc. (ATKR) has been rated Buy by analysts. According to 0 brokerage firms, ATKR is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Atkore Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $185.00, the current consensus forecast for the stock is $163.00 – $186.00. Based on these forecasts, analysts predict Atkore Inc. (ATKR) will achieve an average price target of $178.00.
