A new trading day began on Monday, with Atkore Inc (NYSE: ATKR) stock price up 3.42% from the previous day of trading, before settling in for the closing price of $83.32. ATKR’s price has ranged from $80.11 to $194.98 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Industrials sector saw sales topped by 20.39%. Meanwhile, its annual earnings per share averaged -25.35%. With a float of $35.33 million, this company’s outstanding shares have now reached $37.32 million.
The extent of productivity of a business whose workforce counts for 5600 workers is very important to gauge. In terms of profitability, gross margin is 34.59%, operating margin of 21.69%, and the pretax margin is 20.58%.
Atkore Inc (ATKR) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Electrical Equipment & Parts Industry. The insider ownership of Atkore Inc is 1.48%, while institutional ownership is 112.70%. The most recent insider transaction that took place on Sep 23 ’24, was worth 884,138. Before that another transaction happened on Sep 04 ’24, when Company’s Former Officer proposed sale 9,566 for $87.13, making the entire transaction worth $833,509.
Atkore Inc (ATKR) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 4.21 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.75 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -25.35% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to 47.42% growth over the previous five years of trading.
Atkore Inc (NYSE: ATKR) Trading Performance Indicators
Here are Atkore Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.03. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.94. Likewise, its price to free cash flow for the trailing twelve months is 7.91.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 14.23, a number that is poised to hit 2.47 in the next quarter and is forecasted to reach 11.67 in one year’s time.
Technical Analysis of Atkore Inc (ATKR)
The latest stats from [Atkore Inc, ATKR] show that its last 5-days average volume of 0.58 million was inferior to 0.62 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 38.30%. Additionally, its Average True Range was 2.93.
During the past 100 days, Atkore Inc’s (ATKR) raw stochastic average was set at 7.70%, which indicates a significant decrease from 53.48% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.60% in the past 14 days, which was lower than the 45.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $94.62, while its 200-day Moving Average is $141.44. Now, the first resistance to watch is $87.45. This is followed by the second major resistance level at $88.73. The third major resistance level sits at $91.25. If the price goes on to break the first support level at $83.65, it is likely to go to the next support level at $81.13. Assuming the price breaks the second support level, the third support level stands at $79.85.
Atkore Inc (NYSE: ATKR) Key Stats
With a market capitalization of 3.09 billion, the company has a total of 36,430K Shares Outstanding. Currently, annual sales are 3,519 M while annual income is 689,900 K. The company’s previous quarter sales were 822,360 K while its latest quarter income was 123,420 K.
