American Tower Corp. (NYSE: AMT) is 2.09% higher on its value in year-to-date trading and has touched a low of $154.58 and a high of $223.46 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AMT stock was last observed hovering at around $223.05 in the last trading session, with the day’s loss setting it -2.65%.
Currently trading at $220.40, the stock is 6.67% and 10.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.92 million and changing -1.19% at the moment leaves the stock 13.39% off its SMA200. AMT registered 15.81% gain for a year compared to 6-month loss of 12.70%.
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The stock witnessed a 13.60% gain in the last 1 month and extending the period to 3 months gives it a 28.47%, and is 5.26% 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 2.40% over the week and 2.04% over the month.
American Tower Corp. (AMT) has around 5643 employees, a market worth around $102.92B and $11.34B in sales. Current P/E ratio is 41.40 and Fwd P/E is 32.76. Profit margin for the company is 21.95%. Distance from 52-week low is 42.58% and -1.37% from its 52-week high. The company has generated returns on investments over the last 12 months (5.27%).
The EPS is expected to grow by 116.25% this year
The shares outstanding are 466.30M, and float is at 465.89M with Short Float at 1.28%.
American Tower Corp. (AMT) Insider Activity
The most recent transaction is an insider sale by Goel Sanjay, the company’s EVP & President, Asia-Pacific. SEC filings show that Goel Sanjay sold 3,504 shares of the company’s common stock on Jun 04 ’24 at a price of $200.36 per share for a total of $0.7 million. Following the sale, the insider now owns 28413.0 shares.
American Tower Corp. disclosed in a document filed with the SEC on May 03 ’24 that HORMATS ROBERT D (Director) sold a total of 700 shares of the company’s common stock. The trade occurred on May 03 ’24 and was made at $183.50 per share for $0.13 million. Following the transaction, the insider now directly holds 7332.0 shares of the AMT stock.
Still, SEC filings show that on Mar 15 ’24, Font Juan (SVP, Pres. & CEO, CoreSite) disposed off 540 shares at an average price of $197.49 for $0.11 million. The insider now directly holds 19,265 shares of American Tower Corp. (AMT).
