A new trading day began on Tuesday, with Air Transport Services Group Inc (NASDAQ: ATSG) stock price down -1.35% from the previous day of trading, before settling in for the closing price of $22.23. ATSG’s price has ranged from $11.62 to $22.33 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 20.10%. Meanwhile, its annual earnings per share averaged -46.03%. With a float of $51.10 million, this company’s outstanding shares have now reached $65.76 million.
Considering the fact that the conglomerate employs 5095 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 8.87%, operating margin of 6.25%, and the pretax margin is 0.12%.
Air Transport Services Group Inc (ATSG) Insider Activity
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 22.29%, while institutional ownership is 81.06%. 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) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.24 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -46.03% 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 0.68. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.73. Likewise, its price to free cash flow for the trailing twelve months is 15.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.04, a number that is poised to hit 0.28 in the next quarter and is forecasted to reach 1.05 in one year’s time.
Technical Analysis of Air Transport Services Group Inc (ATSG)
Compared to the last year’s volume of 0.67 million, its volume of 1.47 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 34.94%. Additionally, its Average True Range was 0.25.
During the past 100 days, Air Transport Services Group Inc’s (ATSG) raw stochastic average was set at 95.64%, which indicates a significant increase from 6.98% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 8.71% in the past 14 days, which was lower than the 57.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $19.19, while its 200-day Moving Average is $15.33. Nevertheless, the first resistance level for the watch stands at $22.04 in the near term. At $22.15, the stock is likely to face the second major resistance level. The third major resistance level sits at $22.22. If the price goes on to break the first support level at $21.86, it is likely to go to the next support level at $21.79. Should the price break the second support level, the third support level stands at $21.68.
Air Transport Services Group Inc (NASDAQ: ATSG) Key Stats
With a market capitalization of 1.44 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 471,250 K while its latest quarter income was -3,330 K.
