Monthly Drifts in Atmus Filtration Technologies Inc (ATMU) Stock: A Closer Look

Atmus Filtration Technologies Inc [ATMU] stock prices are up 1.23% to $38.59 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ATMU shares have gain 2.82% over the last week, with a monthly amount glided 18.45%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Atmus Filtration Technologies Inc [NYSE: ATMU] stock has seen the most recent analyst activity on January 24, 2024, when Northland Capital initiated its Market Perform rating and assigned the stock a price target of $26. Previously, Wells Fargo started tracking the stock with Overweight rating on June 20, 2023, and set its price target to $24. On June 20, 2023, Robert W. Baird initiated with a Outperform rating and assigned a price target of $24 on the stock. JP Morgan started tracking the stock assigning a Overweight rating and suggested a price target of $28 on June 20, 2023. Goldman initiated its recommendation with a Buy and recommended $30 as its price target on June 20, 2023. BofA Securities started tracking with a Buy rating for this stock on June 20, 2023, and assigned it a price target of $25.

The stock price of Atmus Filtration Technologies Inc [ATMU] has been fluctuating between $18.21 and $38.60 over the past year. Currently, Wall Street analysts expect the stock to reach $35.5 within the next 12 months. Atmus Filtration Technologies Inc [NYSE: ATMU] shares were valued at $38.59 at the most recent close of the market. An investor can expect a potential drop of -8.01% based on the average ATMU price forecast.

Analyzing the ATMU fundamentals

The Atmus Filtration Technologies Inc [NYSE:ATMU] reported sales of 1.66B for trailing twelve months, representing a surge of 4.59%. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 1.68 and Total Capital is 0.31. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.42.

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 38.13 points at the first support level, and at 37.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.02, and for the 2nd resistance point, it is at 39.45.

Ratios To Look Out For

It’s worth pointing out that Atmus Filtration Technologies Inc [NYSE:ATMU]’s Current Ratio is 2.07. In addition, the Quick Ratio stands at 1.30 and the Cash Ratio stands at 0.44. Considering the valuation of this stock, the price to sales ratio is 1.94, the price to book ratio is 18.06 and price to earnings (TTM) ratio is 18.50.

Transactions by insiders

Recent insider trading involved HAGGERTY GRETCHEN R, Director, that happened on Aug 23 ’24 when 5849.0 shares were purchased. Director, Macadam Stephen E. completed a deal on Aug 07 ’24 to buy 8250.0 shares. Meanwhile, Director Macadam Stephen E. bought 5200.0 shares on Nov 09 ’23.

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