AMKOR Technology Inc (NASDAQ:AMKR) price on current trading day, rose 1.04% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $26.28.
A look at the stock’s price movement, the close in the last trading session was $26.01, moving within a range at $26.02 and $26.42. The beta value (5-Year monthly) was 1.852 while the PE ratio in trailing twelve months stood at 17.79. Turning to its 52-week performance, $44.19 and $23.74 were the 52-week high and 52-week low respectively. Overall, AMKR moved -2.52% over the past month.
AMKOR Technology Inc’s market cap currently stands at around $6.48 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 0.32, with its dividend yield at 1.21%. 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 1.66B for the company’s revenue for the quarter, with a low and high estimate of 1.65B and 1.69B respectively. The average forecast suggests down to a -5.25% 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 6.35B, representing a -2.38% decline 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 AMKR is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 2 recommend AMKR as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AMKR’s current price about 1.24% and -5.02% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.60, while 7-day volatility ratio is 2.88% and 2.64% in the 30-day chart. Further, AMKOR Technology Inc (AMKR) has a beta value of 1.84, and an average true range (ATR) of 0.85. Analysts have given the company’s stock an average 52-week price target of $34, forecast between a low of $32 and high of $38. Looking at the price targets, the low is -21.77% off current price level while to achieve the yearly target high, price needs to move -44.6%. Nonetheless, investors will most likely welcome a -29.38% jump to $34 which is the analysts’ median price.
If we refocus on AMKOR Technology Inc (NASDAQ:AMKR), historical trading data shows that trading volumes averaged 1.09 over the past 10 days and 1.44 million over the past 3 months. The company’s latest data on shares outstanding shows there are 246.63 million shares.
The 60.15% of AMKOR Technology Inc’s shares are in the hands of company insiders while institutional holders own 43.58% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.09 million on 2024-11-15, giving us a short ratio of 3.34. The data shows that as of 2024-11-15 short interest in AMKOR Technology Inc (AMKR) stood at 470.0 of shares outstanding, with shares short rising to 3.97 million registered in 2024-10-15. Current price change has pushed the stock -19.80% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AMKR stock continues to rise going into the next quarter.
