Atmus Filtration Technologies Inc (NYSE:ATMU) price on Friday, January 17, rose 1.03% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $42.21.
A look at the stock’s price movement, the close in the last trading session was $41.78, moving within a range at $41.87 and $42.53. The PE ratio in trailing twelve months stood at 19.56. Turning to its 52-week performance, $45.43 and $21.09 were the 52-week high and 52-week low respectively. Overall, ATMU moved 3.68% over the past month.
Atmus Filtration Technologies Inc’s market cap currently stands at around $3.51 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 0.10, with its dividend yield at 0.24%. 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 399.24M for the company’s revenue for the quarter, with a low and high estimate of 395.7M and 403.7M respectively. The average forecast suggests down to a -0.11% 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 1.66B, representing a 2.10% jump 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 ATMU is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 4.01, with ATMU’s current price about 6.53% and 2.19% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.52, while 7-day volatility ratio is 2.61% and 2.31% in the 30-day chart. Further, Atmus Filtration Technologies Inc (ATMU) has a beta value of 1.79, and an average true range (ATR) of 0.98. Analysts have given the company’s stock an average 52-week price target of $43.5, forecast between a low of $42 and high of $45. Looking at the price targets, the low is 0.5% off current price level while to achieve the yearly target high, price needs to move -6.61%. Nonetheless, investors will most likely welcome a -3.06% jump to $43.5 which is the analysts’ median price.
If we refocus on Atmus Filtration Technologies Inc (NYSE:ATMU), historical trading data shows that trading volumes averaged 0.59 over the past 10 days and 736.82K over the past 3 months. The company’s latest data on shares outstanding shows there are 83.08 million shares.
The 0.56% of Atmus Filtration Technologies Inc’s shares are in the hands of company insiders while institutional holders own 102.07% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.82 million on 2024-12-31, giving us a short ratio of 2.51. The data shows that as of 2024-12-31 short interest in Atmus Filtration Technologies Inc (ATMU) stood at 219.0 of shares outstanding, with shares short falling to 2.23 million registered in 2024-11-29. Current price change has pushed the stock 7.73% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ATMU stock continues to rise going into the next quarter.
