AMKOR Technology Inc. (NASDAQ:AMKR) shares, rose in value, with the stock price up by 1.76% to the previous day’s close as strong demand from buyers drove the stock to $30.62.
Actively observing the price movement in the last trading, the stock closed the session at $30.09. The PE ratio was 21.03 over 12-month period. Referring to stock’s 52-week performance, its high was $37.00, and the low was $17.58. On the whole, AMKR has fluctuated by -6.45% over the past month.
The company’s Forward Dividend Ratio is 0.31, with its dividend yield at 1.00%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 6.46B, with a low estimate of 1.35B and a high estimate of 1.38B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.36B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AMKR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold 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 AMKR currently trading nearly -1.18% and -2.91% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.36, while the 7-day volatility ratio is showing 2.96% which for the 30-day chart, stands at 3.58%. Furthermore, AMKOR Technology Inc. (AMKR)’s beta value is 1.97, and its average true range (ATR) is 1.16.
A comparison of AMKOR Technology Inc. (AMKR) with its peers suggests the former has fared considerably weaker in the market. AMKR showed an intraday change of 1.76% in last session, and over the past year, it grew by 39.95%%.
Data on historical trading for AMKOR Technology Inc. (NASDAQ:AMKR) indicates that the trading volumes over the past 3 months, they’ve averaged 944.28K. According to company’s latest data on outstanding shares, there are 245.89 million shares outstanding.
Nearly 54.94% of AMKOR Technology Inc.’s shares belong to company insiders and institutional investors own 43.32% of the company’s shares. The stock has fallen by -7.97% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AMKR stock heading into the next quarter.
