Archrock Inc (NYSE:AROC) traded with an addition of $0.13 to $13.36 on Thursday, an upside of 1.02 percent. An average of 921,051 shares of common stock have been traded in the last five days. There was a gain of $1.28 in the past week, and it reached a new high 40 times over the past 12 months. The last 20 days have seen an average of 911,853 shares traded, while the 50-day average volume stands at 913,883.
AROC stock has increased by 4.82% in the last month. The company shares reached their 1-month lowest point of $12.03 on 09/15/23. With the stock rallying to its 52-week high on 09/28/23, shares of the company touched a low of $6.36 and a high of $13.36 in 52 weeks. It has reached a new high 24 times so far this year and achieved 48.83% or $4.43 in price. In spite of this, the price is up 0.04% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
AROC stock investors should be aware that Archrock Inc (AROC) stock had its last reported insider trading activity 36 days ago on Aug 23. In this transaction, the insider spent $137,942. VP, CHIEF ACCOUNTING OFFICER, Henderson Donna A, disposed of 13,961 shares at a price of $11.11 on Mar 06. The insider now owns more than $155,107 worth of shares. Prior to that, 10% Owner Old Ocean Reserves, LP went on to Sale 617,612 shares at $11.12 each on Feb 28. An amount of $6,867,845 was transacted.
Valuation Metrics
Archrock Inc (AROC) has a trailing price-to-earnings (P/E) ratio of 31.55, which compares with the N/A for the broader industry. The stock’s beta is 1.70. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.30, the price-to-book (PB) ratio at 2.44.
The company has a payout ratio of 207.59%. The company’s most recent quarterly dividend payment was $0.1550 a share, representing a up of 3.33% from $0.15 last year. Its latest increase dividend $0.0050 reported on Thursday July 27 2023.
Financial Health
The quick ratio of Archrock Inc for the three months ended June 29 was 0.92, and the current ratio was 1.57, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.93 and a total debt to equity ratio of 1.93 for the quarter ending June 29. Archrock Inc’s EBITDA margin for the year ending June 29 is 37.15%, while its operating margin for the same period stands at 20.97%. Its gross profit as reported stood at $426.08 million compared to revenue of $845.57 million.
Earnings Surprise
For the three-month period that ended June 29, Archrock Inc had $1.64 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $24.65 million in the quarter, while revenues of $16.49 million were grew 32.05%. The analyst consensus anticipated Archrock Inc’s latest quarter earnings to come in at $0.14 per share, but it turned out to be $0.16, a 14.30% surprise. For the quarter, EBITDA amounted to $112.98 million. Shareholders own equity worth $156.5 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Archrock Inc (AROC) price momentum. RSI 9-day as of the close on 27 September was 75.10%, suggesting the stock is Overbought, with historical volatility in this time frame at 30.91%.
As of today, AROC’s price is $12.80 +10.55% or $1.28 from its 5-day moving average. AROC is currently trading +5.26% higher than its 20-day SMA and +35.18% higher than its 100-day SMA. However, the stock’s current price level is +27.11% above the SMA50 and +64.94% above the SMA200.
The stochastic %K and %D were 83.63% and 74.82%, respectively, and the average true range (ATR) was 0.37. With the 14-day stochastic at 78.41% and the average true range at 0.35, the RSI (14) stands at 68.99%. The stock has reached 0.50 on the 9-day MACD Oscillator while the 14-day reading was at 0.57.
Analyst Ratings
Raymond James launched coverage on Archrock Inc (NYSE: AROC) in its analyst report released on December 09, 2022. The firm assigned the stock an Outperform rating.
