Atmus Filtration Technologies Inc (NYSE:ATMU) price on current trading day, rose 0.71% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $35.33.
A look at the stock’s price movement, the close in the last trading session was $35.08, moving within a range at $35.09 and $35.83. The PE ratio in trailing twelve months stood at 16.94. Turning to its 52-week performance, $35.85 and $18.21 were the 52-week high and 52-week low respectively. Overall, ATMU moved 7.78% over the past month.
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Atmus Filtration Technologies Inc’s market cap currently stands at around $2.95 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Aug-02. The company has a Forward Dividend ratio of 0.05, with its dividend yield at 0.14%. 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 401.13M for the company’s revenue for the quarter, with a low and high estimate of 396.2M and 408.1M respectively. The average forecast suggests up to a 2.60% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.66B, representing a 2.00% jump 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 ATMU is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 33.88, with ATMU’s current price about 3.99% and 10.85% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 62.50, while 7-day volatility ratio is 3.76% and 3.06% in the 30-day chart. Further, Atmus Filtration Technologies Inc (ATMU) has a beta value of 1.77, and an average true range (ATR) of 1.08. Analysts have given the company’s stock an average 52-week price target of $35.5, forecast between a low of $34 and high of $37. Looking at the price targets, the low is 3.76% off current price level while to achieve the yearly target high, price needs to move -4.73%. Nonetheless, investors will most likely welcome a -0.48% jump to $35.5 which is the analysts’ median price.
If we refocus on Atmus Filtration Technologies Inc (NYSE:ATMU), historical trading data shows that trading volumes averaged 1.03 over the past 10 days and 1.09 million over the past 3 months. The company’s latest data on shares outstanding shows there are 83.30 million shares.
The 0.56% of Atmus Filtration Technologies Inc’s shares are in the hands of company insiders while institutional holders own 107.79% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.42 million on 2024-08-30, giving us a short ratio of 2.19. The data shows that as of 2024-08-30 short interest in Atmus Filtration Technologies Inc (ATMU) stood at 292.0 of shares outstanding, with shares short rising to 1.72 million registered in 2024-07-31. Current price change has pushed the stock 50.40% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ATMU stock continues to rise going into the next quarter.
