Atmus Filtration Technologies Inc (NYSE:ATMU) price on Friday, February 28, rose 3.11% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $39.80.
A look at the stock’s price movement, the close in the last trading session was $38.60. The PE ratio in trailing twelve months stood at 17.92. Turning to its 52-week performance, $45.43 and $22.81 were the 52-week high and 52-week low respectively. Overall, ATMU moved -5.37% over the past month.
Atmus Filtration Technologies Inc’s market cap currently stands at around $3.30 billion, with investors looking forward to this quarter’s earnings report slated for in April. The company has a Forward Dividend ratio of 0.10, with its dividend yield at 0.25%. 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 424.23M for the company’s revenue for the quarter, with a low and high estimate of 421M and 426.78M respectively. The average forecast suggests down to a -0.55% 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 1.7B, representing a 1.87% 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% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
The technical evaluation for the stock shows the PEG ratio is 3.49, with ATMU’s current price about -0.42% and -1.11% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.84, while 7-day volatility ratio is 3.50% and 3.08% in the 30-day chart. Further, Atmus Filtration Technologies Inc (ATMU) has a beta value of 1.86, and an average true range (ATR) of 1.27. 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 -5.53% off current price level while to achieve the yearly target high, price needs to move -13.07%. Nonetheless, investors will most likely welcome a -9.3% 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 705.46K over the past 3 months. The company’s latest data on shares outstanding shows there are 82.87 million shares.
The 0.58% of Atmus Filtration Technologies Inc’s shares are in the hands of company insiders while institutional holders own 101.49% of the company’s shares. Current price change has pushed the stock 1.58% 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.
