The trading price of Amentum Holdings Inc (NYSE:AMTM) floating lower at last check on current market day and closing at $20.96, -5.20% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $34.50 and a 52-week low of $16.01. Over the past month, the stock has gained 23.58% in value.
Amentum Holdings Inc, whose market valuation is $5.10 billion at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable.
A quick review shows that AMTM’s price is currently 3.92% off the SMA20 and 9.51% off the SMA50. The RSI metric on the 14-day chart is currently showing 55.33, and weekly volatility stands at 3.07%. When measured over the past 30 days, the indicator reaches 5.38%. Amentum Holdings Inc (NYSE:AMTM)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 1.06. With analysts defining $19-$24 as the low and high price targets, we arrive at a consensus price target of $21.5 for the trailing 12-month period. The current price is about 9.35% off the estimated low and -14.5% off the forecast high, based on this estimate. Investors will be thrilled if AMTM’s share price rises to $21.5, which is the median consensus price. At that level, AMTM’s share price would be -2.58% below current price.
To see how Amentum Holdings Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: AMTM stock’s performance was -5.20% in the latest trading.
An evaluation of the daily trading volume of Amentum Holdings Inc (NYSE:AMTM) indicates that the 3-month average is 2.48 million.
Currently, records show that 243.30 million of the company’s shares remain outstanding. The insiders hold 19.54% of outstanding shares, whereasinstitutions hold 54.74%. However, since the stock’s price has seen -0.33% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
