American Tower Corp. (NYSE: AMT) is -16.00% 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 $181.28 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $181.33, the stock is 3.22% and -3.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.98 million and changing 0.03% at the moment leaves the stock -3.87% off its SMA200. AMT registered -6.15% loss for a year compared to 6-month gain of -2.88%.
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The stock witnessed a -5.95% loss in the last 1 month and extending the period to 3 months gives it a -6.35%, and is 2.54% up 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 2.07% over the week and 2.23% over the month.
American Tower Corp. (AMT) has around 5643 employees, a market worth around $84.68B and $11.21B in sales. Current P/E ratio is 41.04 and Fwd P/E is 26.00. Profit margin for the company is 18.42%. Distance from 52-week low is 17.30% and -17.24% from its 52-week high. The company has generated returns on investments over the last 12 months (4.29%).
The EPS is expected to grow by 119.07% this year
The shares outstanding are 466.30M, and float is at 464.00M with Short Float at 1.00%.
American Tower Corp. (AMT) Insider Activity
The most recent transaction is an insider sale by HORMATS ROBERT D, the company’s Director. SEC filings show that HORMATS ROBERT D sold 700 shares of the company’s common stock on May 03 ’24 at a price of $183.50 per share for a total of $0.13 million. Following the sale, the insider now owns 7332.0 shares.
American Tower Corp. disclosed in a document filed with the SEC on Mar 15 ’24 that Font Juan (SVP, Pres. & CEO, CoreSite) sold a total of 540 shares of the company’s common stock. The trade occurred on Mar 15 ’24 and was made at $197.49 per share for $0.11 million. Following the transaction, the insider now directly holds 19265.0 shares of the AMT stock.
Still, SEC filings show that on Mar 06 ’24, Smith Rodney M (EVP, CFO & Treasurer) disposed off 11,510 shares at an average price of $205.71 for $2.37 million. The insider now directly holds 62,969 shares of American Tower Corp. (AMT).
