The Week Ahead: Are Investors Really Too Optimistic About Amentum Holdings Inc. (NYSE: AMTM)

Amentum Holdings Inc. (NYSE:AMTM) currently has a daily average trading volume of 3.72M but it saw 1485111 shares traded in last market. With a market cap of 7.29B USD, the company’s current market price of $29.97 came rising about 3.81 while comparing to the previous closing price of $28.87. In past 52 weeks, the stock remained buoying in the range of price level as high as $34.50 and as low as $23.58. In the recent trading on the day, stock has struck highest price mark of $28.99 while lowest mark touched by it was $30.22.

Taking a look at 20-day trading activity of Amentum Holdings Inc. (AMTM) gives us an average price of $27.56, while its current price level is -13.13% below from 52-week high level whereas it is 27.10% above from lowest level seen by the stock during that period. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.75% during that period while stretching the period over a month that increases to 7.43%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Truist which initiated the stock as “Buy” in its note to investors issued on October 14, 2024, recommending a price target of $31 for it.

Over the week, AMTM’s stock price is moving 0.94% up while it is 7.04% when we observe its performance for the past one month. Year-to-date it is 1.56% up and over the past year.

Currently, Amentum Holdings Inc.’s total number of outstanding shares is 243.29M. Stock has a price to book (P/B) ratio of 27.61.