Amentum Holdings Inc (NYSE:AMTM) shares, rose in value on Thursday, December 12, with the stock price down by -1.01% to the previous day’s close as strong demand from buyers drove the stock to $23.61.
Actively observing the price movement in the last trading, the stock closed the session at $23.85, falling within a range of $23.05 and $24.34. Referring to stock’s 52-week performance, its high was $34.50, and the low was $21.24. On the whole, AMTM has fluctuated by -24.42% over the past month.
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With the market capitalization of Amentum Holdings Inc currently standing at about $5.74 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 13.72B, with a low estimate of 3.39B and a high estimate of 3.44B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.41B.
The stock’s technical analysis shows that the price of AMTM currently trading nearly -1.43% and -12.71% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.53, while the 7-day volatility ratio is showing 5.45% which for the 30-day chart, stands at 6.29%. Furthermore, Amentum Holdings Inc (AMTM)’s average true range (ATR) is 1.47.
Data on historical trading for Amentum Holdings Inc (NYSE:AMTM) indicates that the trading volumes over the past 10 days have averaged 1.57 and over the past 3 months, they’ve averaged 2.45 million. According to company’s latest data on outstanding shares, there are 243.29 million shares outstanding.
Nearly 44.50% of Amentum Holdings Inc’s shares belong to company insiders and institutional investors own 41.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.26 million shares as on 2024-11-29, resulting in a short ratio of 2.04. The stock has fallen by -19.99% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AMTM stock heading into the next quarter.
