Don’t Let Recent momentum Confuse Your Outlook on Allied Motion Technologies Inc. [AMOT]

Allied Motion Technologies Inc. [AMOT] stock is up 3.67 while the S&P 500 has risen 0.65% on Thursday, 12/03/20. While at the time of this article, AMOT ATR is sitting at 1.62, with the beta value at 1.75. This stock’s volatility for the past week remained at 3.02%, while it was 4.06% for the past 30-day period. AMOT has risen $1.56 from the previous closing price of $42.55 on volume of 38690.0 shares.

On 4, November 2020, Allied Motion Reports Third Quarter 2020 Results. According to news published on Yahoo Finance, Strong demand in Medical market drove total quarterly revenue of $94.7 million, up 9% over the sequential second quarter 2020.

Analyst Birdseye View:

The most recent analyst activity for Allied Motion Technologies Inc. [NASDAQ:AMOT] stock was on July 01, 2016, when it was Initiated with a Neutral rating from Dougherty & Company. Before that, on January 31, 2020, ROTH Capital Recapitulated a Buy rating and elevated its amount target to $57. On May 06, 2016, Craig Hallum Reiterated a Buy rating and boosted its price target on this stock from $30 to $33. On April 21, 2016, Craig Hallum Initiated a Buy rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $19.00 and a peak of $49.98. Right now, according to Wall Street analyst the average 12-month amount target is $47.50. At the most recent market close, shares of Allied Motion Technologies Inc. [NASDAQ:AMOT] were valued at $44.11. According to the average price forecast, investors can expect a potential return of -2.46%.

FUNDAMENTAL ANALYSIS

Allied Motion Technologies Inc. [NASDAQ:AMOT] most recently reported quarterly sales of 94.65 billion, which represented growth of -2.00%. This publicly-traded organization’s revenue is $218,285 per employee, while its income is $10,013 per employee. This company’s Gross Margin is currently 30.20%, its Operating Margin is 6.60%, its Pretax Margin is +6.42, and its Net Margin is +4.59. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 5.76, 15.40, 12.57 and 7.29 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 51.52 and the whole liability to whole assets at 41.42. It shows enduring liability to the whole principal at 50.22 and enduring liability to assets at 0.40 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 41.03 points at 1st support level, the second support level is making up to 39.51. But as of 1st resistance point, this stock is sitting at 43.34 and at 44.13 for 2nd resistance point.

Allied Motion Technologies Inc. [AMOT] reported its earnings at $0.42 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.28/share signifying the difference of 0.14 and 50.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.32 calling estimates for $0.05/share with the difference of 0.27 depicting the surprise of 540.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Allied Motion Technologies Inc. [NASDAQ:AMOT] is 2.70. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.29. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.24, it’s amount to book ratio is 3.91 and showing 28.14 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by WARZALA RICHARD S, Chief Executive Officer, and it was the sale of 22.0 shares on Dec 02. WARZALA RICHARD S, the Chief Executive Officer, completed a sale of 2500.0 shares on Dec 01. On Nov 25, WARZALA RICHARD S, Chief Executive Officer, completed a sale of 2892.0 shares.