Atkore Inc. (NYSE:ATKR) has a beta of 2.54, a 12-month trailing P/E ratio of 15.35, and a growth ratio of 1.19. The stock’s Relative Strength Index (RSI) is 73.74, with weekly volatility at 3.23% and ATR at 2.37. The ATKR stock’s 52-week price range has touched low of $10.85 and a $64.00 high. Its shares traded higher over the last trading session, gaining 4.14% on 02/19/21. The shares fell to a low of $61.15 before closing at $63.84. Intraday shares traded counted 0.41 million, which was 17.58% higher than its 30-day average trading volume of 498.55K. ATKR’s previous close was $61.30 while the outstanding shares total 46.92M.
Investors have identified the Specialty Industrial Machinery company Atkore Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.86 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Atkore Inc. (ATKR) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 892.05 million total, with 309.5 million as their total liabilities.
Is the stock of ATKR attractive?
In related news, Pres. Mech. Prods. & Solutions, Lamps Mark F. sold 324 shares of the company’s stock in a transaction that recorded on Jan 04. The sale was performed at an average price of 42.70, for a total value of 13,835. As the sale deal closes, the President, Cable Solutions, Lariviere Peter J now sold 12,828 shares of the company’s stock, valued at 506,044. Also, Pres. Mech. Prods. & Solutions, Lamps Mark F. sold 2,106 shares of the company’s stock in a deal that was recorded on Nov 27. The shares were price at an average price of 39.45 per share, with a total market value of 83,092. Following this completion of acquisition, the President and CEO, Waltz William E Jr. now holds 8,337 shares of the company’s stock, valued at 294,703. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.20%.
2 out of 3 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Atkore Inc.. 0 analysts has assigned a Sell rating on the ATKR stock. The 12-month mean consensus price target for the company’s shares has been set at $61.67.