Is It Time For Me To Buy Aramark (NYSE: ARMK) Stock Now?

The trading price of Aramark (NYSE:ARMK) closed lower on Monday, April 01, closing at $32.27, -0.77% lower than its previous close.

The company’s P/E ratio in the trailing 12-month period was 13.51, while its 5Y monthly beta was 1.53. In examining the 52-week price action we see that the stock hit a 52-week high of $33.04 and a 52-week low of $23.95. Over the past month, the stock has gained 6.40% in value.

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Aramark, whose market valuation is $8.47 billion at the time of this writing, is expected to release its quarterly earnings report May 07, 2024 – May 13, 2024. The dividend yield on the company stock is 1.08%, while its Forward Dividend ratio is 0.35. Investors’ optimism about the company’s current quarter earnings report is understandable.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Aramark No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest ARMK has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.68, which symbolizes a positive outlook. A quick review shows that ARMK’s price is currently 2.39% off the SMA20 and 5.86% off the SMA50. The RSI metric on the 14-day chart is currently showing 60.42, and weekly volatility stands at 2.23%. When measured over the past 30 days, the indicator reaches 2.16%. Aramark (NYSE:ARMK)’s beta value is currently sitting at 1.47, while the Average True Range indicator is currently displaying 0.70.

To see how Aramark stock has been performing in comparison to its peers in the industry, here are the numbers: ARMK stock’s performance was -0.77% in the latest trading, and 27.43% in the past year. Aramark has a P/E ratio of 13.51.

An evaluation of the daily trading volume of Aramark (NYSE:ARMK) indicates that the 3-month average is 2.46 million. However, this figure has increased over the past 10 days to an average of 2.8 million.

Currently, records show that 261.45 million of the company’s shares remain outstanding. The insiders hold 0.73% of outstanding shares, whereas institutions hold 102.34%. The stats also highlight that short interest as of Mar 15, 2024, stood at 5.1 million shares, resulting in a short ratio of 2.21 at that time. From this, we can conclude that short interest is 1.94% of the company’s total outstanding shares. It is noteworthy that short shares in March were down slightly from the previous month’s figure, which was 8.83 million. However, since the stock’s price has seen 14.84% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.