Atlas Energy Solutions Inc. (NYSE:AESI) shares, rose in value, with the stock price up by 1.17% to the previous day’s close as strong demand from buyers drove the stock to $23.43.
Actively observing the price movement in the last trading, the stock closed the session at $23.16. The PE ratio was 14.42 over 12-month period. Referring to stock’s 52-week performance, its high was $24.56, and the low was $15.16. On the whole, AESI has fluctuated by 4.18% over the past month.
The company’s Forward Dividend Ratio is 0.51, with its dividend yield at 2.18%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.17B, with a low estimate of 146.21M and a high estimate of 215.41M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 195.85M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AESI’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AESI currently trading nearly 2.66% and 10.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.76, while the 7-day volatility ratio is showing 3.60% which for the 30-day chart, stands at 2.74%. Furthermore, Atlas Energy Solutions Inc. (AESI)’s beta value is 0.53, and its average true range (ATR) is 0.67.
A comparison of Atlas Energy Solutions Inc. (AESI) with its peers suggests the former has fared considerably weaker in the market. AESI showed an intraday change of 1.17% in last session, and over the past year, it grew by 32.35%%.
Data on historical trading for Atlas Energy Solutions Inc. (NYSE:AESI) indicates that the trading volumes over the past 3 months, they’ve averaged 799.59K. According to company’s latest data on outstanding shares, there are 109.85 million shares outstanding.
Nearly 45.34% of Atlas Energy Solutions Inc.’s shares belong to company insiders and institutional investors own 32.14% of the company’s shares. The stock has risen by 36.43% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AESI stock heading into the next quarter.
