AMKOR Technology Inc (NASDAQ:AMKR) shares, rose in value on Friday, November 22, with the stock price up by 0.72% to the previous day’s close as strong demand from buyers drove the stock to $26.54.
Actively observing the price movement in the last trading, the stock closed the session at $26.35, falling within a range of $26.25 and $26.64. The value of beta (5-year monthly) was 1.852 whereas the PE ratio was 17.96 over 12-month period. Referring to stock’s 52-week performance, its high was $44.86, and the low was $24.10. On the whole, AMKR has fluctuated by -9.64% over the past month.
With the market capitalization of AMKOR Technology Inc currently standing at about $6.55 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.32, with its dividend yield at 1.19%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 6.35B, with a low estimate of 1.65B and a high estimate of 1.69B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.66B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AMKR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of AMKR currently trading nearly 0.10% and -8.01% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.57, while the 7-day volatility ratio is showing 2.08% which for the 30-day chart, stands at 3.51%. Furthermore, AMKOR Technology Inc (AMKR)’s beta value is 1.86, and its average true range (ATR) is 0.92.
A comparison of AMKOR Technology Inc (AMKR) with its peers suggests the former has fared considerably weaker in the market. AMKR showed an intraday change of 0.72% in last session, and over the past year, it shrunk by -4.29%%.
Data on historical trading for AMKOR Technology Inc (NASDAQ:AMKR) indicates that the trading volumes over the past 10 days have averaged 0.99 and over the past 3 months, they’ve averaged 1.45 million. According to company’s latest data on outstanding shares, there are 245.89 million shares outstanding.
Nearly 60.14% of AMKOR Technology Inc’s shares belong to company insiders and institutional investors own 43.58% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.15 million shares as on 2024-10-31, resulting in a short ratio of 3.44. According to the data, the short interest in AMKOR Technology Inc (AMKR) stood at 476.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 3.75 million. The stock has fallen by -20.23% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AMKR stock heading into the next quarter.
