A new trading day began on Monday, with Air Transport Services Group Inc (NASDAQ: ATSG) stock price up 26.44% from the previous day of trading, before settling in for the closing price of $17.40. ATSG’s price has ranged from $11.62 to $20.79 over the past 52 weeks.
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Annual sales at Industrials sector company grew by 20.10% over the past five years. Meanwhile, its annual earnings per share averaged -43.15%. With a float of $51.13 million, this company’s outstanding shares have now reached $65.24 million.
Let’s look at the performance matrix of the company that is accounted for 5095 employees. In terms of profitability, gross margin is 14.65%, operating margin of 7.3%, and the pretax margin is 1.54%.
Air Transport Services Group Inc (ATSG) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Airlines Industry. The insider ownership of Air Transport Services Group Inc is 22.25%, while institutional ownership is 80.44%. The most recent insider transaction that took place on Jun 07 ’24, was worth 49,830. In this transaction Chief Executive Officer of this company bought 3,996 shares at a rate of $12.47, taking the stock ownership to the 103,705 shares. Before that another transaction happened on Jun 07 ’24, when Company’s Executive Chairman bought 5,000 for $12.81, making the entire transaction worth $64,058. This insider now owns 594,302 shares in total.
Air Transport Services Group Inc (ATSG) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.32 per share, which was $0.1 lower 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 0.31 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -43.15% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 0.50% during the next five years compared to -4.66% drop over the previous five years of trading.
Air Transport Services Group Inc (NASDAQ: ATSG) Trading Performance Indicators
Here are Air Transport Services Group Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.62. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.72.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.25, a number that is poised to hit 0.17 in the next quarter and is forecasted to reach 1.08 in one year’s time.
Technical Analysis of Air Transport Services Group Inc (ATSG)
Air Transport Services Group Inc (NASDAQ: ATSG) saw its 5-day average volume 3.58 million, a positive change from its year-to-date volume of 0.59 million. As of the previous 9 days, the stock’s Stochastic %D was 84.35%. Additionally, its Average True Range was 0.87.
During the past 100 days, Air Transport Services Group Inc’s (ATSG) raw stochastic average was set at 99.04%, which indicates a significant increase from 98.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 94.86% in the past 14 days, which was higher than the 60.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.99, while its 200-day Moving Average is $14.45. Nevertheless, the first resistance level for the watch stands at $22.12 in the near term. At $22.23, the stock is likely to face the second major resistance level. The third major resistance level sits at $22.37. If the price goes on to break the first support level at $21.87, it is likely to go to the next support level at $21.73. The third support level lies at $21.62 if the price breaches the second support level.
Air Transport Services Group Inc (NASDAQ: ATSG) Key Stats
With a market capitalization of 1.46 billion, the company has a total of 65,760K Shares Outstanding. Currently, annual sales are 2,071 M while annual income is 60,330 K. The company’s previous quarter sales were 488,410 K while its latest quarter income was 7,430 K.
