The trading price of Amentum Holdings Inc (NYSE:AMTM) closed lower on Monday, November 18, and closing at $22.77, -9.64% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $22.26 and $25.06. In examining the 52-week price action we see that the stock hit a 52-week high of $34.50 and a 52-week low of $23.58. Over the past month, the stock has lost -22.29% in value.
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Amentum Holdings Inc, whose market valuation is $5.54 billion at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable.
A quick review shows that AMTM’s price is currently -23.23% off the SMA20 and -20.19% off the SMA50. The RSI metric on the 14-day chart is currently showing 30.55, and weekly volatility stands at 9.23%. When measured over the past 30 days, the indicator reaches 5.40%. Amentum Holdings Inc (NYSE:AMTM)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 1.94. With analysts defining $31-$31 as the low and high price targets, we arrive at a consensus price target of $31 for the trailing 12-month period. The current price is about -36.14% off the estimated low and -36.14% off the forecast high, based on this estimate. Investors will be thrilled if AMTM’s share price rises to $31, which is the median consensus price. At that level, AMTM’s share price would be -36.14% below current price.
To see how Amentum Holdings Inc stock has been performing in comparison to its peers in the industry, here are the numbers: AMTM stock’s performance was -9.64% in the latest trading.
An evaluation of the daily trading volume of Amentum Holdings Inc (NYSE:AMTM) indicates that the 3-month average is 2.69 million. However, this figure has increased over the past 10 days to an average of 1.47.
Currently, records show that 243.29 million of the company’s shares remain outstanding. The insiders hold 44.50% of outstanding shares, whereas institutions hold 40.96%. The stats also highlight that short interest as of 2024-10-31, stood at 2.89 million shares, resulting in a short ratio of 0.72 at that time. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 0.38 million. However, since the stock’s price has seen -22.84% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
