Atkore Inc [NYSE: ATKR] closed the trading session at $64.13.
The stocks have a year to date performance of -23.15 percent and weekly performance of -20.93 percent. The stock has been moved at -47.51 percent over the last six months. The stock has performed -21.25 percent around the most recent 30 days and changed -25.22 percent over the most recent 3-months.
If compared to the average trading volume of 626.46K shares, ATKR reached to a volume of 4723003 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Atkore Inc [ATKR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ATKR shares is $103.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ATKR stock is a recommendation set at 1.71. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
ROTH MKM have made an estimate for Atkore Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 17, 2024. While these analysts kept the previous recommendation, B. Riley Securities raised their target price from $135 to $84. The new note on the price target was released on November 22, 2024, representing the official price target for Atkore Inc stock. Previously, the target price had yet another drop from $175 to $100, while RBC Capital Mkts kept a Sector Perform rating on ATKR stock.
The Average True Range (ATR) for Atkore Inc is set at 4.13, with the Price to Sales ratio for ATKR stock in the period of the last 12 months amounting to 0.70. The Price to Book ratio for the last quarter was 1.45, with the Price to Cash per share for the same quarter was set at 10.12. Price to Free Cash Flow for ATKR in the course of the last twelve months was 5.58 with Quick ratio for the last quarter at 1.96.
ATKR stock trade performance evaluation
Atkore Inc [ATKR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -20.93. With this latest performance, ATKR shares dropped by -21.25% in over the last four-week period, additionally sinking by -47.51% over the last 6 months – not to mention a drop of -56.63% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ATKR stock in for the last two-week period is set at 23.10, with the RSI for the last a single of trading hit 17.21, and the three-weeks RSI is set at 27.75 for Atkore Inc [ATKR]. The present Moving Average for the last 50 days of trading for this stock 85.55, while it was recorded at 77.88 for the last single week of trading, and 110.61 for the last 200 days.
Atkore Inc [ATKR]: An insightful look at the core fundamentals
Atkore Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.96 and a Current Ratio set at 2.98.
Earnings per share (EPS) analysis for Atkore Inc [ATKR] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ATKR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Atkore Inc go to -10.70%.
Atkore Inc [ATKR]: Institutional Ownership
There are presently around $105.78%, or 106.79%% of ATKR stock, in the hands of institutional investors. The top three institutional holders of ATKR stocks are: BLACKROCK INC. with ownership of 3.94 million shares, which is approximately 10.7225%. VANGUARD GROUP INC, holding 3.74 million shares of the stock with an approximate value of $$504.52 million in ATKR stocks shares; and VANGUARD GROUP INC, currently with $$183.97 million in ATKR stock with ownership which is approximately 3.712%.
