Ametek Inc (NYSE:AME) shares, rose in value, with the stock price down by -0.24% to the previous day’s close as strong demand from buyers drove the stock to $177.51.
Actively observing the price movement in the last trading, the stock closed the session at $177.93. The PE ratio was 31.30 over 12-month period. Referring to stock’s 52-week performance, its high was $186.32, and the low was $133.12. On the whole, AME has fluctuated by -3.38% over the past month.
The company’s Forward Dividend Ratio is 1.03, with its dividend yield at 0.58%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 7.41B, with a low estimate of 1.76B and a high estimate of 1.8B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.78B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AME’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 4.12, with the price of AME currently trading nearly -1.20% and -1.30% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.06, while the 7-day volatility ratio is showing 1.36% which for the 30-day chart, stands at 1.45%. Furthermore, Ametek Inc (AME)’s beta value is 1.21, and its average true range (ATR) is 2.58.
A comparison of Ametek Inc (AME) with its peers suggests the former has fared considerably weaker in the market. AME showed an intraday change of -0.24% in last session, and over the past year, it grew by 32.73%%.
Data on historical trading for Ametek Inc (NYSE:AME) indicates that the trading volumes over the past 3 months, they’ve averaged 956.92K. According to company’s latest data on outstanding shares, there are 230.93 million shares outstanding.
Nearly 0.47% of Ametek Inc’s shares belong to company insiders and institutional investors own 89.23% of the company’s shares. The stock has risen by 7.65% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AME stock heading into the next quarter.
