The stock of Air Transport Services Group Inc. (NASDAQ:ATSG) increased by $0.31 on Friday to finish at $21.18, up 1.49 percent. The last five days have seen an average of 555,380 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$4.80. The average number of shares traded over the last 20 days was 1,262,955, while the average volume over the last 50 days totaled 756,510.
ATSG stock appreciated 8.62% since last month. On 07/27/23, the company’s shares reached a one-month low of $19.41. The stock touched a high of $32.15 on 02/02/23, after rallying from a low of $14.39 in 52 weeks. The price of ATSG stock has declined by -18.48% or -$4.80 this year, reaching a new high 10 times. Still, the stock price is down -34.12% from the 52-week high.
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Insider Transactions
ATSG stock investors should be aware that Air Transport Services Group Inc. (ATSG) stock had its last reported insider trading activity 19 days ago on Aug 09. On Aug 09, 10% Owner AMAZON COM INC sold 1,177,000 shares at $19.50 each. This transaction resulted in the insider making $22,951,500. On May 19, Fedders Matthew E. added 1,200 shares at a price of US$16.60. After the transaction, the insider now owns 41,376 shares. Director Johns Raymond E Jr had earlier bought 2,200 shares on May 18 for $16.49 a share. The transaction was completed for $36,278.
Valuation Metrics
Air Transport Services Group Inc. (ATSG) has a trailing price-to-earnings (P/E) ratio of 11.57. Beta for the stock is 0.80. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.71, the price-to-book (PB) ratio of 1.04.
Financial Health
For the three months ended June 29, Air Transport Services Group Inc.’s quick ratio was 0.70, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.05, and the total debt to equity ratio is 1.05. As far as profitability goes, gross margin for the trailing twelve months is 52.80% percent. Air Transport Services Group Inc.’s EBITDA margin for the year ended June 29 was 30.14%, whereas its operating margin stood at 12.60% for the same period. Based on annual data, it had gross profit of $1.77 billion and revenue of $2.05 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ATSG’s return on assets (ROA) during the last 12 months has been 4.20%. There was a 7.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 10.60%.
Earnings Surprise
According to Air Transport Services Group 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 $529.34 million, while revenues rose by 3.72% to $501.1 million. It was predicted that Air Transport Services Group Inc.’s quarterly earnings would be $0.57, but it ended up being $0.36, beating the consensus by 58.30%. EBITDA was $160.1 million for the quarter. At the end of Air Transport Services Group Inc.’s most recent quarter ended June 29, its liabilities totaled 2.31 billion, while its total debt was $1.58 billion. Equity owned by shareholders amounts to $70.76 million.
Technical Picture
Here’s a quick look at Air Transport Services Group Inc.’s (ATSG) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 46.34%, suggesting the stock is Neutral, with a 38.77% historical volatility rate.
The stochastic %K and %D were 11.79% and 17.83% respectively, while the average true range (ATR) was 0.80. Based on the 14-day stochastic reading of 17.91%, the RSI (14) reading is 50.24%. On the 9-day MACD Oscillator, the stock is at -0.30, and the 14-day reading is at -0.68.
Analyst Ratings
In its analyst report released on October 21, 2022, Truist began covering Air Transport Services Group Inc. (NASDAQ: ATSG). The stock was rated as a Hold by the brokerage firm. Analysts have assigned Air Transport Services Group Inc. (ATSG) an Buy rating. ATSG is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.
What is ATSG’s price target for the next 12 months?
The current consensus forecast for the stock is between $21.00 and $30.00, with a median target price of $27.50. In analyzing these forecasts, the average price target given by analysts for Air Transport Services Group Inc. (ATSG) is $26.83.
