Amphenol Corp (NYSE: APH) Jumps 0.10%: What Could Be On The Way Going Forward?

Amphenol Corp (NYSE:APH) shares, rose in value on Thursday, December 12, with the stock price up by 0.10% to the previous day’s close as strong demand from buyers drove the stock to $73.60.

Actively observing the price movement in the last trading, the stock closed the session at $73.53, falling within a range of $73.165 and $73.93. The value of beta (5-year monthly) was 1.238 whereas the PE ratio was 42.23 over 12-month period. Referring to stock’s 52-week performance, its high was $74.93, and the low was $46.94. On the whole, APH has fluctuated by 2.24% over the past month.

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With the market capitalization of Amphenol Corp currently standing at about $88.73 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.49, with its dividend yield at 0.67%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 14.97B, with a low estimate of 4B and a high estimate of 4.18B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.06B.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that APH’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 2.25, with the price of APH currently trading nearly 1.04% and 5.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.72, while the 7-day volatility ratio is showing 1.37% which for the 30-day chart, stands at 1.74%. Furthermore, Amphenol Corp (APH)’s beta value is 1.24, and its average true range (ATR) is 1.33.

A comparison of Amphenol Corp (APH) with its peers suggests the former has fared considerably weaker in the market. APH showed an intraday change of 0.10% in last session, and over the past year, it grew by 54.20%%.

Data on historical trading for Amphenol Corp (NYSE:APH) indicates that the trading volumes over the past 10 days have averaged 5.16 and over the past 3 months, they’ve averaged 6.56 million. According to company’s latest data on outstanding shares, there are 1.21 billion shares outstanding.

Nearly 0.75% of Amphenol Corp’s shares belong to company insiders and institutional investors own 94.32% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 14.98 million shares as on 2024-11-29, resulting in a short ratio of 2.33. According to the data, the short interest in Amphenol Corp (APH) stood at 143.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 10.89 million. The stock has risen by 48.49% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the APH stock heading into the next quarter.

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