Are AMKOR Technology Inc (NASDAQ: AMKR) Analysts Predicting A Spike?

AMKOR Technology Inc (NASDAQ:AMKR) shares, rose in value on Friday, January 03, with the stock price up by 2.00% to the previous day’s close as strong demand from buyers drove the stock to $26.53.

Actively observing the price movement in the last trading, the stock closed the session at $26.01, falling within a range of $25.965 and $26.71. The value of beta (5-year monthly) was 1.852 whereas the PE ratio was 17.95 over 12-month period. Referring to stock’s 52-week performance, its high was $44.19, and the low was $23.74. On the whole, AMKR has fluctuated by -0.17% over the past month.

With the market capitalization of AMKOR Technology Inc currently standing at about $6.54 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.32, with its dividend yield at 1.19%.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AMKR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the price of AMKR currently trading nearly 1.35% and 0.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.79, while the 7-day volatility ratio is showing 2.47% which for the 30-day chart, stands at 3.12%. Furthermore, AMKOR Technology Inc (AMKR)’s beta value is 1.82, and its average true range (ATR) is 0.83.

A comparison of AMKOR Technology Inc (AMKR) with its peers suggests the former has fared considerably weaker in the market. AMKR showed an intraday change of 2.00% in last session, and over the past year, it shrunk by -12.41%%.

Data on historical trading for AMKOR Technology Inc (NASDAQ:AMKR) indicates that the trading volumes over the past 10 days have averaged 1.28 and over the past 3 months, they’ve averaged 1.33 million. According to company’s latest data on outstanding shares, there are 246.63 million shares outstanding.

Nearly 60.14% of AMKOR Technology Inc’s shares belong to company insiders and institutional investors own 43.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.55 million shares as on 2024-12-13, resulting in a short ratio of 4.05. According to the data, the short interest in AMKOR Technology Inc (AMKR) stood at 421.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 5.09 million. The stock has risen by 3.27% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AMKR stock heading into the next quarter.

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