American Tower Corp. (NYSE: AMT) is -20.23% lower on its value in year-to-date trading and has touched a low of $154.58 and a high of $219.10 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AMT stock was last observed hovering at around $178.12 in the last trading session, with the day’s loss setting it -5.91%.
Currently trading at $172.21, the stock is -9.73% and -11.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.81 million and changing -3.32% at the moment leaves the stock -9.38% off its SMA200. AMT registered -16.76% loss for a year compared to 6-month gain of 3.14%.
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The stock witnessed a -12.73% loss in the last 1 month and extending the period to 3 months gives it a -17.23%, and is -10.68% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.70% over the week and 1.89% over the month.
American Tower Corp. (AMT) has around 5643 employees, a market worth around $80.31B and $11.14B in sales. Current P/E ratio is 54.22 and Fwd P/E is 23.46. Profit margin for the company is 13.31%. Distance from 52-week low is 11.41% and -21.40% from its 52-week high. The company has generated returns on investments over the last 12 months (3.13%).
The EPS is expected to grow by 128.93% this year.
American Tower Corp. (AMT) Top Institutional Holders
The shares outstanding are 466.30M, and float is at 463.39M with Short Float at 1.10%.
American Tower Corp. (AMT) Insider Activity
The most recent transaction is an insider sale by Font Juan,the company’sSVP, Pres. & CEO, CoreSite. SEC filings show that Font Juan sold 540 shares of the company’s common stock on Mar 15 ’24 at a price of $197.49 per share for a total of $0.11 million. Following the sale, the insider now owns 19265.0 shares.
American Tower Corp. disclosed in a document filed with the SEC on Mar 06 ’24 that Smith Rodney M (EVP, CFO & Treasurer) sold a total of 11,510 shares of the company’s common stock. The trade occurred on Mar 06 ’24 and was made at $205.71 per share for $2.37 million. Following the transaction, the insider now directly holds 62969.0 shares of the AMT stock.
Still, SEC filings show that on Mar 04 ’24, Vondran Steven O (President and CEO) disposed off 3,265 shares at an average price of $200.42 for $0.65 million. The insider now directly holds 58,372 shares of American Tower Corp. (AMT).
