Atmus Filtration Technologies Inc (NYSE:ATMU) does about 1.04M shares in volume on a normal day but saw 636515 shares change hands in the recent trading day. The company now has a market cap of 3.23B USD. Its current market price is $38.80, marking an increase of 0.54% compared to the previous close of $38.59. The 52 week high reached by this stock is $38.99 whilst the lowest price level in 52 weeks is $18.21. The script in recent trading has seen the stock touch a high of $37 and a low of $34.
Atmus Filtration Technologies Inc (ATMU) has a 20-day trading average at $36.85 and the current price is -0.49% off the 52-week high compared with 113.07% distance from its 52-week low. The 50-day simple moving average of the closing price is $34.47 and its 200-day simple moving average is $29.14. If we look at the stock’s price movements over the week, volatility stands at 2.35%, which increases to 2.66% 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 73.73 to suggest the stock is overbought.
The consensus objective for the share price is $38.71, suggesting that the stock has a potential downside of -0.23% over the period. The median price target is -9.3% away from the current levels at $35.5.
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.
The current price level is 5.29%, 12.56%, and 33.15% away from its SMA20, SMA50, and SMA200 respectively, with the ATMU price moving above the 50-day SMA on current market day. Atmus Filtration Technologies Inc (ATMU) stock is up 4.55% over the week and 15.00% over the past month. Its price is 65.18% year-to-date and 89.64% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0.49 and 2.2 for whole year. Expected sales for next quarter are $400.87M, which analysts say will come at $1.66B for the current fiscal year and next year at $1.72B. In addition, estimates put the company’s current quarterly revenue at an average of $401.13M.
Its 12-month price target is $35.5. To reach the target analysts have set, the stock logically needs to shrink -0.23 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $34, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $37.
The company has a return on investment of 22.09% and return on equity of 193.88%. The price to earnings ratio (P/E ratio) amounts to 18.60 while the forward price to earnings ratio is 15.81. The beta has a value of 1.70. Price to book ratio is 18.16 and price to sales ratio is 1.95.
