Amentum Holdings Inc (NYSE:AMTM) price on Thursday, March 20, fall -3.73% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $18.32.
A look at the stock’s price movement, the close in the last trading session was $19.03, moving within a range at $18.27 and $19.0. Turning to its 52-week performance, $34.50 and $16.95 were the 52-week high and 52-week low respectively. Overall, AMTM moved -13.67% over the past month.
Amentum Holdings Inc’s market cap currently stands at around $4.28 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-03.
Analysts have a consensus estimate of 3.44B 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 14.08B, representing a 67.82% jump on that reported in the last financial year.
AMTM’s current price about -3.05% and -10.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.80, while 7-day volatility ratio is 4.61% and 5.89% in the 30-day chart. Further, Amentum Holdings Inc (AMTM) has a beta value of 0, and an average true range (ATR) of 1.17. 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 -69.21% off current price level while to achieve the yearly target high, price needs to move -69.21%. Nonetheless, investors will most likely welcome a -69.21% 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 3.63 over the past 10 days and 3.08 million over the past 3 months. The company’s latest data on shares outstanding shows there are 243.30 million shares.
The 18.54% of Amentum Holdings Inc’s shares are in the hands of company insiders while institutional holders own 55.49% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.58 million on 2025-02-28, giving us a short ratio of 4.56. The data shows that as of 2025-02-28 short interest in Amentum Holdings Inc (AMTM) stood at 869.9999999999999 of shares outstanding, with shares short rising to 8.19 million registered in 2025-01-31. Current price change has pushed the stock -12.89% 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.
