A share price of AMKOR Technology Inc. [AMKR] is currently trading at $30.09, up 0.77%. An important factor to consider is whether the stock is rising or falling in short-term value. The AMKR shares have gain 3.87% over the last week, with a monthly amount drifted -4.66%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
AMKOR Technology Inc. [NASDAQ: AMKR] stock has seen the most recent analyst activity on April 09, 2024, when Needham initiated its Buy rating and assigned the stock a price target of $40. On February 29, 2024, Goldman initiated with a Neutral rating and assigned a price target of $32 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $31 on November 16, 2023. B. Riley Securities initiated its recommendation with a Buy and recommended $35 as its price target on November 16, 2023. Morgan Stanley started tracking with a Equal-Weight rating for this stock on November 09, 2023, and assigned it a price target of $27. In a note dated June 30, 2022, DA Davidson initiated an Buy rating and provided a target price of $30 on this stock.
AMKOR Technology Inc. experienced fluctuations in its stock price throughout the past year between $17.58 and $37.00. Currently, Wall Street analysts expect the stock to reach $35 within the next 12 months. AMKOR Technology Inc. [NASDAQ: AMKR] shares were valued at $30.09 at the most recent close of the market. An investor can expect a potential return of 16.32% based on the average AMKR price forecast.
Analyzing the AMKR fundamentals
Trailing Twelve Months sales for AMKOR Technology Inc. [NASDAQ:AMKR] were 6.50B which represents -8.10% decline. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.09 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.33.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 29.66 points at the first support level, and at 29.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.49, and for the 2nd resistance point, it is at 30.89.
AMKOR Technology Inc. [AMKR] reported earnings per share of $0.48 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.41/share, meaning a difference of $0.07 and a surprise factor of 17.10%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.54 per share as compared to estimates of $0.53 per share, a difference of $0.01 representing a surprise of 1.90%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for AMKOR Technology Inc. [NASDAQ:AMKR] is 2.31. On the other hand, the Quick Ratio is 2.02, and the Cash Ratio is 0.81. Considering the valuation of this stock, the price to sales ratio is 1.14, the price to book ratio is 1.87 and price to earnings (TTM) ratio is 20.67.
Transactions by insiders
Recent insider trading involved Rutten Guillaume Marie Jean, President and CEO, that happened on Apr 16 ’24 when 25000.0 shares were sold. President and CEO, Rutten Guillaume Marie Jean completed a deal on Mar 15 ’24 to sell 25000.0 shares. Meanwhile, CFO Faust Megan sold 2800.0 shares on Mar 15 ’24.
