Why Investing In Amentum Holdings Inc (NYSE:AMTM) Now May Be A Good Investment

Amentum Holdings Inc (NYSE:AMTM) traded at $24.81 at close of the session on current trade day and made an upward move of 1.56% on its previous day’s price.

Looking at the stock we see that its previous close was $24.43 with the day’s price range being $24.48 – $25.45. In terms of its 52-week price range, AMTM has a high of $34.50 and a low of $21.24. The company’s stock has lost about -16.32% over that past 30 days.

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Amentum Holdings Inc has a market cap of $6.04 billion and is expected to release its quarterly earnings report in December.

Looking further, we note the current price level is -11.90% off its SMA20 and -11.36% from its 50-day simple moving average. The RSI (14) is pointing at 40.84 while the volatility over the past week is 6.30% and jumps to 5.94% over the past one month. The average price target for the stock over the next 12 months is $31, with the estimates having a low of $31 and a high of $31. These price ends are -24.95% and -24.95% off the current price level respectively, although investors could be excited at the prospect of a -24.95% if the AMTM share price touches on the median price of $31.

Coming back to Amentum Holdings Inc (NYSE:AMTM), we note that the average 3-month trading volume was 2.70 million, while that of the preceding 10-day period stands at 2.33 million. Current shares outstanding are 243.29 million.

The insiders hold 44.50% of the company’s shares while institutions hold 41.03%. The data shows that short shares as of 2024-10-31, stood at 2.89 million at a short ratio of 0.72. Shares short rose in October from the previous month at 0.38 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -15.93% down in year-to-date price movement.

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