Amentum Holdings Inc (NYSE:AMTM) price on Wednesday, December 04, fall -1.48% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $23.91.
A look at the stock’s price movement, the close in the last trading session was $24.27, moving within a range at $23.73 and $24.64. Turning to its 52-week performance, $34.50 and $21.24 were the 52-week high and 52-week low respectively. Overall, AMTM moved -19.30% over the past month.
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Amentum Holdings Inc’s market cap currently stands at around $5.82 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 3.41B for the company’s revenue for the quarter, with a low and high estimate of 3.39B and 3.44B respectively.
AMTM’s current price about -9.26% and -13.05% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.61, while 7-day volatility ratio is 4.32% and 6.16% in the 30-day chart. Further, Amentum Holdings Inc (AMTM) has a beta value of 0, and an average true range (ATR) of 1.57. Analysts have given the company’s stock an average 52-week price target of $31, forecast between a low of $31 and high of $31. Looking at the price targets, the low is -29.65% off current price level while to achieve the yearly target high, price needs to move -29.65%. Nonetheless, investors will most likely welcome a -29.65% jump to $31 which is the analysts’ median price.
If we refocus on Amentum Holdings Inc (NYSE:AMTM), historical trading data shows that trading volumes averaged 1.8 over the past 10 days and 2.52 million over the past 3 months. The company’s latest data on shares outstanding shows there are 243.29 million shares.
The 44.50% of Amentum Holdings Inc’s shares are in the hands of company insiders while institutional holders own 41.08% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.26 million on 2024-11-15, giving us a short ratio of 1.41. Current price change has pushed the stock -18.98% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AMTM stock continues to rise going into the next quarter.
