AMKOR Technology Inc. (NASDAQ:AMKR) saw an upside of 0.67% to close Friday at $22.39 after adding $0.15 on the day. The 5-day average trading volume is 1,128,140 shares of the company’s common stock. It has gained $23.06 in the past week and touched a new high 1 time within the past 5 days. An average of 1,682,820 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,129,848.
AMKR’s 1-month performance is -15.73% or -$3.26 on its low of $21.73 reached on 09/12/23. The company’s shares have touched a 52-week low of $16.13 and high of $31.38, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, AMKR has lost -6.63% or -$1.59 and has reached a new high 8 times. However, the current price is down -28.65% from the 52-week high price.
Insider Transactions
AMKR stock investors last saw insider trading activity on Sep 15.Faust Megan (CFO) most recently sold 2,700 shares at $22.68 per share on Sep 15. This transaction cost the insider $61,236. Member of 10% owner group (4), KIM JAMES J, sold 10,000,000 shares at a price of $23.22 on Sep 06. Then, on Sep 06, Member of 10% owner group (3) KIM AGNES C sold 10,000,000 shares at a price of $23.22 per share. This transaction amounted to $232,200,000.
Valuation Metrics
AMKR stock has a beta of 1.81. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.80 while the price-to-book (PB) in the most recent quarter is 1.47, with the price to cash flow ratio at 26.57.
AMKOR Technology Inc.’s quick ratio for the period ended June 29 was 1.56, with the current ratio over the same period at 1.90. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.28, while the total debt to equity was 0.35. In terms of profitability, the gross margin trailing 12 months is 16.43%. The trailing 12-month EBITDA margin is 21.29% while for the period ending June 29, AMKOR Technology Inc.’s operating margin was 9.96%. The firm’s gross profit as reported stood at $1.33 billion against revenue of $7.09 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -94.09% to $64.29 million, while revenue of $45.35 million was 29.46% off the previous quarter. Analysts expected AMKR to announce $0.21 per share in earnings in its latest quarter, but it posted $0.26, representing a 23.80% surprise. EBITDA for the quarter stood at more than $234.21 million. AMKR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.88 billion, with total debt at $1.32 billion. Shareholders hold equity totaling $245.73 million.
Let’s look briefly at AMKOR Technology Inc. (AMKR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 33.32% to suggest the stock is trending Neutral, with historical volatility in this time period at 27.63%.
The stock’s 5-day moving average is $22.52, reflecting a +0.63% or $0.14 change from its current price. AMKR is currently trading -15.38% above its 20-day SMA, +0.09% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -24.26% and SMA200 by-17.65%.
Stochastic %K and %D was 9.13% and 11.08% and the average true range (ATR) pointed at 0.82. The RSI (14) points at 34.22%, while the 14-day stochastic is at 9.66% with the period’s ATR at 0.88. The stock’s 9-day MACD Oscillator is pointing at -0.18 and -0.92 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for AMKOR Technology Inc. (NASDAQ: AMKR), DA Davidson launched coverage with a Buy rating. Analysts offering their rating for AMKR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate AMKR as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 1 have offered a “buy” rating.
What is AMKR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $30.00 and a high of $36.00, with their median price target at $33.00. Looking at these predictions, the average price target given by analysts is for AMKOR Technology Inc. (AMKR) stock is $33.00.
