Atkore Inc. (NYSE:ATKR) currently has a daily average trading volume of 462.38K but it saw 475662 shares traded on Wednesday. With a market cap of 4.26B USD, stock’s current market price of $119.00 came falling about -2.19 while comparing to the previous closing price of $121.66. In past 52 weeks, the stock remained buoying in the range of price level as high as $123.53 and as low as $70.50. In the recent trading on the day, stock has struck highest price mark of $122.60 while lowest mark touched by it was $117.19.
Taking a look at 20-day trading activity of Atkore Inc. (ATKR) gives us an average price of $101.56, while its current price level is -3.67% below from 52-week high level whereas it is 68.79% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $90.74 while that of 200 days or SMA-200 reads an average of $95.32. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.30% during that period while stretching the period over a month that decreases to 4.18%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 72.13 which implies that the stock is in overbought territory.
Data by FactSet Research shows that 4 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 3 analysts suggested the investors to Buy the stock while 1 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Loop Capital which initiated the stock as “Buy” in its note to investors issued on October 19, 2022, recommending a price target of $110 for it. Credit Suisse issued its recommendations for the stock as it upgraded the price target for the stock is $54.
Over the week, ATKR’s stock price is moving 13.76% up while it is 26.05% when we observe its performance for the past one month. Year-to-date it is 7.02% up and over the past year, the stock is showing an upside performance of 8.10%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2022, when its quarterly earnings per share (EPS) of $6.07 beat the consensus estimate of $5.22 for the same. For ATKR, analysts are forecasting an EPS-growth rate of 61.90% for current year and estimate for EPS growth in next year is -36.20%. In next quarter, company is expected to be making quarterly sales of $686.65 million as analysts are expecting the sales for current fiscal year at $3.86 billion and seeing the company making $3.46 billion in sales next year. Moreover, analysts are in estimates of $978.76 million for current-quarter revenue.
Currently, Atkore Inc.’s total number of outstanding shares is 41.32M with 0.68% of that held by the insiders while 101.63% of its common stock has been owned by the institutions. It has a price to earnings ratio (P/E ratio) of 5.96 while having a 10.16 of forward P/E ratio. Stock’s beta reads 2.21. Stock has a price to book (P/B) ratio of 3.94 while price to sale or P/S ratio amounts to 1.12.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Total Stock Market Index came shrinking its share ownership by 0.30% in the Atkore Inc. (ATKR) increasing its stake to 3.00% with control over 3651.0 shares in the company. As per SEC documents, Vanguard Total Stock Market Index sought 1,237,586 of company’s common stock of worth $117.94 million as per recent closing price of the stock. Vanguard Total Stock Market Index is not the only institutional holder which restructured its stake in Atkore Inc., as Vanguard Small Cap Index Fund picked 1,066,281 shares of worth $101.62 million to bring its holdings to a total of 17267.0 shares.