Atkore Inc (NYSE:ATKR) price on Friday, August 02, fall -5.32% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $122.17.
A look at the stock’s price movement, the close in the last trading session was $129.04. The PE ratio in trailing twelve months stood at 7.62. Turning to its 52-week performance, $194.98 and $121.00 were the 52-week high and 52-week low respectively. Overall, ATKR moved -7.71% over the past month.
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Atkore Inc’s market cap currently stands at around $4.45 billion. The company has a Forward Dividend ratio of 0.64, with its dividend yield at 0.52%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 830.14M for the company’s revenue for the quarter, with a low and high estimate of 822.9M and 836.1M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.36B, representing a -4.40% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ATKR is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
ATKR’s current price about -12.03% and -12.98% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.30, while 7-day volatility ratio is 4.40% and 3.78% in the 30-day chart. Further, Atkore Inc (ATKR) has a beta value of 2.17, and an average true range (ATR) of 5.85.
If we refocus on Atkore Inc (NYSE:ATKR), historical trading data shows that trading volumes averaged 604.00K over the past 3 months. The company’s latest data on shares outstanding shows there are 37.32 million shares.
The 1.43% of Atkore Inc’s shares are in the hands of company insiders while institutional holders own 112.70% of the company’s shares. Current price change has pushed the stock -23.64% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ATKR stock continues to rise going into the next quarter.
