Applied Industrial Technologies Inc. [AIT] stock prices are up 3.64% to $231.97 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AIT shares have lost -1.35% over the last week, with a monthly amount glided 5.35%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Applied Industrial Technologies Inc. [NYSE: AIT] stock has seen the most recent analyst activity on October 22, 2024, when Mizuho initiated its Outperform rating and assigned the stock a price target of $285. Previously, BofA Securities started tracking the stock with Neutral rating on October 07, 2024, and set its price target to $232. On September 04, 2024, Raymond James initiated with a Outperform rating and assigned a price target of $225 on the stock. Northcoast started tracking the stock assigning a Neutral rating. Oppenheimer initiated its recommendation with a Outperform and recommended $235 as its price target on April 03, 2024. Robert W. Baird upgraded its rating to Outperform for this stock on March 17, 2023, but kept the price target unchanged to $160. In a note dated August 12, 2022, Robert W. Baird downgraded an Neutral rating on this stock and boosted its target price from $115 to $129.
The stock price of Applied Industrial Technologies Inc. [AIT] has been fluctuating between $149.59 and $235.75 over the past year. Currently, Wall Street analysts expect the stock to reach $241 within the next 12 months. Applied Industrial Technologies Inc. [NYSE: AIT] shares were valued at $231.97 at the most recent close of the market. An investor can expect a potential return of 3.89% based on the average AIT price forecast.
Analyzing the AIT fundamentals
The Applied Industrial Technologies Inc. [NYSE:AIT] reported sales of 4.48B for trailing twelve months, representing a surge of 0.22%. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.19 and Total Capital is 0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.2.
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 227.44 points at the first support level, and at 222.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 238.47, and for the 2nd resistance point, it is at 244.98.
Ratios To Look Out For
It’s worth pointing out that Applied Industrial Technologies Inc. [NYSE:AIT]’s Current Ratio is 3.53. Also, the Quick Ratio is 2.56, while the Cash Ratio stands at 1.13. Considering the valuation of this stock, the price to sales ratio is 1.99, the price to book ratio is 5.28 and price to earnings (TTM) ratio is 23.60.
Transactions by insiders
Recent insider trading involved Loring Kurt W., VP-Chief HR Officer, that happened on Aug 30 ’24 when 4858.0 shares were sold. Officer, Loring Kurt W. completed a deal on Aug 30 ’24 to buy 4858.0 shares. Meanwhile, VP-Chief HR Officer Loring Kurt W. sold 3366.0 shares on Aug 23 ’24.
