Altra Industrial Motion Corp. (NASDAQ:AIMC) currently has a daily average trading volume of 865.56K but it saw 449421 shares traded on Wednesday. With a market cap of 3.79B USD, stock’s current market price of $58.46 came rising about 0.27 while comparing to the previous closing price of $58.30. In past 52 weeks, the stock remained buoying in the range of price level as high as $61.09 and as low as $32.18. In the recent trading on the day, stock has struck highest price mark of $58.59 while lowest mark touched by it was $58.25.
Taking a look at 20-day trading activity of Altra Industrial Motion Corp. (AIMC) gives us an average price of $58.20, while its current price level is -4.31% below from 52-week high level whereas it is 81.67% 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 $44.86 while that of 200 days or SMA-200 reads an average of $40.45. A closer look into the stock’s movement over the week reveals that its volatility is standing at 0.84% during that period while stretching the period over a month that increases to 1.59%. 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 78.08 which implies that the stock is in overbought territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Robert W. Baird which downgraded the stock as “Neutral” in its note to investors issued on November 01, 2022, recommending a price target of $62 for it.
Over the week, AIMC’s stock price is moving 1.18% up while it is 48.07% when we observe its performance for the past one month. Year-to-date it is 13.36% up and over the past year, the stock is showing a downside performance of -3.56%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2022, when its quarterly earnings per share (EPS) of $0.84 beat the consensus estimate of $0.84 for the same. For AIMC, analysts are forecasting an EPS-growth rate of -7.80% for current year and estimate for EPS growth in next year is 12.10%. In next quarter, company is expected to be making quarterly sales of $464.99 million as analysts are expecting the sales for current fiscal year at $1.92 billion and seeing the company making $1.94 billion in sales next year. Moreover, analysts are in estimates of $471.05 million for current-quarter revenue.
Currently, Altra Industrial Motion Corp.’s total number of outstanding shares is 65.10M with 1.08% of that held by the insiders while 103.01% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 3.50% and return on equity (ROE) at 0.90%. It has a price to earnings ratio (P/E ratio) of 233.84 while having a 17.56 of forward P/E ratio. Stock’s beta reads 2.30. Stock has a price to book (P/B) ratio of 2.00 while price to sale or P/S ratio amounts to 1.95. Its return on asset (ROA) is 0.40% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Wasatch Core Growth Fund came shrinking its share ownership by -7.08% in the Altra Industrial Motion Corp. (AIMC) decreasing its stake to 3.08% with control over -0.15 million shares in the company. As per SEC documents, Wasatch Core Growth Fund sought 2,006,863 of company’s common stock of worth $120.69 million as per recent closing price of the stock. Wasatch Core Growth Fund is not the only institutional holder which restructured its stake in Altra Industrial Motion Corp., as Vanguard Total Stock Market Index picked 1,969,254 shares of worth $118.43 million to bring its holdings to a total of 8207.0 shares. In the most recent quarter, Delaware Small Cap Value Fund came rising its stake by 19.56% in the company and now holds 1.83 million or 2.81% of the company’s stake having worth of about 109.91 million.