AMKOR Technology Inc (AMKR) stock hits $26.40: Is it a good time to buy or wait for a dip?

AMKOR Technology Inc [AMKR] stock prices are down -0.26% to $26.40 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AMKR shares have gain 3.33% over the last week, with a monthly amount drifted -0.32%, 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 September 20, 2024, when KeyBanc Capital Markets initiated its Overweight rating and assigned the stock a price target of $38. Previously, JP Morgan started tracking the stock with Overweight rating on July 01, 2024, and set its price target to $48. On April 09, 2024, Needham initiated with a Buy rating and assigned a price target of $40 on the stock. Fox Advisors started tracking the stock assigning a Equal Weight rating. Goldman initiated its recommendation with a Neutral and recommended $32 as its price target on February 29, 2024. UBS started tracking with a Buy rating for this stock on November 16, 2023, and assigned it a price target of $31. In a note dated November 16, 2023, B. Riley Securities initiated an Buy rating and provided a target price of $35 on this stock.

The stock price of AMKOR Technology Inc [AMKR] has been fluctuating between $23.74 and $44.19 over the past year. Currently, Wall Street analysts expect the stock to reach $34.8 within the next 12 months. AMKOR Technology Inc [NASDAQ: AMKR] shares were valued at $26.40 at the most recent close of the market. An investor can expect a potential return of 31.82% based on the average AMKR price forecast.

Analyzing the AMKR fundamentals

The AMKOR Technology Inc [NASDAQ:AMKR] reported sales of 6.44B for trailing twelve months, representing a surge of 2.18%. 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 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.26.

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 26.06 points at the first support level, and at 25.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.70, and for the 2nd resistance point, it is at 27.00.

Ratios To Look Out For

It’s worth pointing out that AMKOR Technology Inc [NASDAQ:AMKR]’s Current Ratio is 2.06. As well, the Quick Ratio is 1.84, while the Cash Ratio is 0.61. Considering the valuation of this stock, the price to sales ratio is 1.01, the price to book ratio is 1.56 and price to earnings (TTM) ratio is 17.87.

Transactions by insiders

Recent insider trading involved Rutten Guillaume Marie Jean, President and CEO, that happened on Oct 15 ’24 when 10000.0 shares were sold. Officer, GUILLAUME RUTTEN completed a deal on Oct 15 ’24 to buy 10000.0 shares. Meanwhile, President and CEO Rutten Guillaume Marie Jean sold 18125.0 shares on Sep 16 ’24.

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