Ametek Inc (AME) volume exceeds 0.92 million: A new investment opportunity for investors

On Tuesday, Ametek Inc (NYSE: AME) opened lower -0.05% from the last session, before settling in for the closing price of $180.46. Price fluctuations for AME have ranged from $133.12 to $186.32 over the past 52 weeks.

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A company in the Industrials sector has jumped its sales by 6.96% annually for the last half of the decade. Company’s average yearly earnings per share was noted 7.20% at the time writing. With a float of $229.92 million, this company’s outstanding shares have now reached $230.93 million.

In an organization with 21500 employees, it is important to assess its efficiency.

Ametek Inc (AME) Insider Updates

A key investor’s attitude towards the stock of the Specialty Industrial Machinery industry is another important factor to consider. The insider ownership of Ametek Inc is 0.47%, while institutional ownership is 89.51%. The most recent insider transaction that took place on Mar 26 ’24, was worth 248,728. In this transaction Director of this company sold 1,365 shares at a rate of $182.22, taking the stock ownership to the 27,719 shares. Before that another transaction happened on Mar 26 ’24, when Company’s Director sold 780 for $182.00, making the entire transaction worth $141,960. This insider now owns 10,240 shares in total.

Ametek Inc (AME) Performance Highlights and Predictions

If we go through the results of last quarter, which was made public on 12/30/2023, the company posted $1.68 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $1.63) by $0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.67 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 7.20% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.60% during the next five years compared to 11.15% growth over the previous five years of trading.

Ametek Inc (NYSE: AME) Trading Performance Indicators

Check out the current performance indicators for Ametek Inc (AME). In the past quarter, the stock posted a quick ratio of 0.59. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.32. Likewise, its price to free cash flow for the trailing twelve months is 26.06.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.67, a number that is poised to hit 1.59 in the next quarter and is forecasted to reach 7.49 in one year’s time.

Technical Analysis of Ametek Inc (AME)

Let’s dig in a bit further. During the last 5-days, its volume was 0.83 million. That was inferior than the volume of 0.97 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 13.94%. Additionally, its Average True Range was 2.23.

During the past 100 days, Ametek Inc’s (AME) raw stochastic average was set at 86.67%, which indicates a significant increase from 8.88% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 10.69% in the past 14 days, which was lower than the 14.97% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $175.18, while its 200-day Moving Average is $160.23. However, in the short run, Ametek Inc’s stock first resistance to watch stands at $181.33. Second resistance stands at $182.29. The third major resistance level sits at $183.06. If the price goes on to break the first support level at $179.60, it is likely to go to the next support level at $178.83. Assuming the price breaks the second support level, the third support level stands at $177.87.

Ametek Inc (NYSE: AME) Key Stats

There are currently 231,212K shares outstanding in the company with a market cap of 41.67 billion. Presently, the company’s annual sales total 6,597 M according to its annual income of 1,313 M. Last quarter, the company’s sales amounted to 1,731 M and its income totaled 342,860 K.