A new trading day began on Monday, with American Tower Corp. (NYSE: AMT) stock price up 1.92% from the previous day of trading, before settling in for the closing price of $171.69. AMT’s price has ranged from $154.58 to $219.10 over the past 52 weeks.
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During the last 5-year period, the sales growth of Real Estate Sector giant was 8.57%. Meanwhile, its annual earnings per share averaged 128.92%. With a float of $463.99 million, this company’s outstanding shares have now reached $466.30 million.
Let’s determine the extent of company efficiency that accounts for 5643 employees.
American Tower Corp. (AMT) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the REIT – Specialty Industry. The insider ownership of American Tower Corp. is 0.64%, while institutional ownership is 94.51%. The most recent insider transaction that took place on Mar 15 ’24, was worth 106,645. In this transaction SVP, Pres. & CEO, CoreSite of this company sold 540 shares at a rate of $197.49, taking the stock ownership to the 19,265 shares. Before that another transaction happened on Mar 06 ’24, when Company’s EVP, CFO & Treasurer sold 11,510 for $205.71, making the entire transaction worth $2,367,767. This insider now owns 62,969 shares in total.
American Tower Corp. (AMT) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 128.92% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 16.02% during the next five years compared to 2.77% growth over the previous five years of trading.
American Tower Corp. (NYSE: AMT) Trading Performance Indicators
Here are American Tower Corp.’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.33. Likewise, its price to free cash flow for the trailing twelve months is 27.94.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.18, a number that is poised to hit 1.76 in the next quarter and is forecasted to reach 7.34 in one year’s time.
Technical Analysis of American Tower Corp. (AMT)
Looking closely at American Tower Corp. (NYSE: AMT), its last 5-days average volume was 2.27 million, which is a drop from its year-to-date volume of 2.42 million. As of the previous 9 days, the stock’s Stochastic %D was 39.07%. Additionally, its Average True Range was 3.79.
During the past 100 days, American Tower Corp.’s (AMT) raw stochastic average was set at 8.92%, which indicates a significant decrease from 25.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.19% in the past 14 days, which was higher than the 21.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $189.83, while its 200-day Moving Average is $188.91. However, in the short run, American Tower Corp.’s stock first resistance to watch stands at $175.97. Second resistance stands at $176.94. The third major resistance level sits at $178.33. If the price goes on to break the first support level at $173.61, it is likely to go to the next support level at $172.22. Should the price break the second support level, the third support level stands at $171.25.
American Tower Corp. (NYSE: AMT) Key Stats
With a market capitalization of 81.71 billion, the company has a total of 466,352K Shares Outstanding. Currently, annual sales are 11,144 M while annual income is 1,483 M. The company’s previous quarter sales were 2,787 M while its latest quarter income was 84,900 K.
