Archrock Inc (AROC) Shares on the Decline: Short-term Analysis

At the time of writing, Archrock Inc [AROC] stock is trading at $20.02, down -0.65%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AROC shares have lost -0.45% over the last week, with a monthly amount drifted -4.44%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Archrock Inc [NYSE: AROC] stock has seen the most recent analyst activity on October 02, 2024, when Mizuho initiated its Outperform rating and assigned the stock a price target of $24. Previously, Citigroup started tracking the stock with Buy rating on September 27, 2024, and set its price target to $24. On September 25, 2024, Evercore ISI 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 $24 on September 06, 2024. Raymond James initiated its recommendation with a Outperform and recommended $10 as its price target on December 09, 2022. CapitalOne downgraded its rating to Equal Weight for this stock on November 04, 2020. In a note dated June 29, 2020, Stifel initiated an Buy rating and provided a target price of $8 on this stock.

For the past year, the stock price of Archrock Inc fluctuated between $12.48 and $23.44. Currently, Wall Street analysts expect the stock to reach $22 within the next 12 months. Archrock Inc [NYSE: AROC] shares were valued at $20.02 at the most recent close of the market. An investor can expect a potential return of 9.89% based on the average AROC price forecast.

Analyzing the AROC fundamentals

According to Archrock Inc [NYSE:AROC], the company’s sales were 1.05B for trailing twelve months, which represents an 9.28% jump. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.16 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.8.

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 19.87 points at the first support level, and at 19.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.23, and for the 2nd resistance point, it is at 20.43.

Ratios To Look Out For

It is important to note that Archrock Inc [NYSE:AROC] has a current ratio of 1.53. Also, the Quick Ratio is 0.94, while the Cash Ratio stands at 0.01. Considering the valuation of this stock, the price to sales ratio is 3.35, the price to book ratio is 3.50 and price to earnings (TTM) ratio is 22.68.

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