How Worried Should Investors Be About Atmus Filtration Technologies Inc (ATMU)

Atmus Filtration Technologies Inc (NYSE:ATMU) does about 4.28M shares in volume on a normal day but saw 696313 shares change hands in Tuesday’s trading. The company now has a market cap of 2.56B USD. Its current market price is $30.68, marking an increase of 0.23% compared to the previous close of $30.61. The 52 week high reached by this stock is $33.70 whilst the lowest price level in 52 weeks is $18.21.

Atmus Filtration Technologies Inc (ATMU) has a 20-day trading average at $30.59 and the current price is -8.96% off the 52-week high compared with 68.48% distance from its 52-week low. The 50-day simple moving average of the closing price is $29.79 and its 200-day simple moving average is $24.02. If we look at the stock’s price movements over the week, volatility stands at 2.02%, which increases to 2.82% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 52.53 to suggest the stock is neutral.

The consensus objective for the share price is $35.42, suggesting that the stock has a potential upside of 13.38% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 24, 2024 when Northland Capital initiated the stock to “Market Perform” and issued a price target of $26. Robert W. Baird initiated its price target at $24.

Atmus Filtration Technologies Inc (ATMU) stock is up 3.40% over the week and -4.48% over the past month. Its price is 30.61% year-to-date.

To reach the target analysts have set, the stock logically needs to grow 13.38 percent from here.

The company has a return on investment of 22.42% and return on equity of 57.92%. The price to earnings ratio (P/E ratio) amounts to 15.58 while the forward price to earnings ratio is 13.03. The beta has a value of 1.91. Price to book ratio is 21.00 and price to sales ratio is 1.56.