Amentum Holdings Inc (NYSE:AMTM) price on current trading day, fall -0.84% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $19.95.
A look at the stock’s price movement, the close in the last trading session was $20.12. Turning to its 52-week performance, $34.50 and $18.38 were the 52-week high and 52-week low respectively. Overall, AMTM moved -7.34% over the past month.
Amentum Holdings Inc’s market cap currently stands at around $4.85 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 3.43B for the company’s revenue for the quarter, with a low and high estimate of 3.35B and 3.49B respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 14.04B, representing a 67.37% jump on that reported in the last financial year.
AMTM’s current price about -3.99% and -6.75% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.94, while 7-day volatility ratio is 5.17% and 5.92% in the 30-day chart. Further, Amentum Holdings Inc (AMTM) has a beta value of 0, and an average true range (ATR) of 1.20. Analysts have given the company’s stock an average 52-week price target of $31, forecast between a low of $31 and high of $31. Looking at the price targets, the low is -55.39% off current price level while to achieve the yearly target high, price needs to move -55.39%. Nonetheless, investors will most likely welcome a -55.39% jump to $31 which is the analysts’ median price.
If we refocus on Amentum Holdings Inc (NYSE:AMTM), historical trading data shows that trading volumes averaged 2.88 million over the past 3 months. The company’s latest data on shares outstanding shows there are 243.30 million shares.
The 26.04% of Amentum Holdings Inc’s shares are in the hands of company insiders while institutional holders own 55.33% of the company’s shares. Current price change has pushed the stock -5.14% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AMTM stock continues to rise going into the next quarter.
