Adient plc (NYSE: ADNT) is -45.32% lower on its value in year-to-date trading and has touched a low of $19.30 and a high of $37.19 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 ADNT stock was last observed hovering at around $19.74 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $19.88, the stock is -5.24% and -7.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.4 million and changing 0.71% at the moment leaves the stock -26.13% off its SMA200. ADNT registered -44.14% loss for a year compared to 6-month loss of -31.21%. The firm has a 50-day simple moving average (SMA 50) of $21.5502 and a 200-day simple moving average (SMA200) of $26.984.
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The stock witnessed a -6.89% gain in the last 1 month and extending the period to 3 months gives it a -5.29%, and is 1.79% 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 4.24% over the week and 3.54% over the month.
Adient plc (ADNT) has around 70000 employees, a market worth around $1.73B and $14.86B in sales. Current P/E ratio is 26.86 and Fwd P/E is 7.95. Profit margin for the company is 0.50%. Distance from 52-week low is 3.01% and -46.54% from its 52-week high. The company has generated returns on investments over the last 12 months (1.65%).
Adient plc quarterly earnings per share for the current quarter are estimated at 0.52 with sales reaching $3.44B over the same period.The EPS is expected to shrink by -21.69% this year, but quarterly earnings will post -5.30% year-over-year. Quarterly sales are estimated to shrink -7.80% in year-over-year returns.
382.0 institutions hold shares in Adient plc (ADNT), with institutional investors hold 99.41% of the company’s shares. The shares outstanding are 93.70M, and float is at 85.59M with Short Float at 5.94%. Institutions hold 97.57% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 13.32 million shares valued at $329.19 million. The investor’s holdings represent 14.7205 of the ADNT Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 13.24 million shares valued at $327.17 million to account for 14.6304 of the shares outstanding. The other top investors are ALLIANCEBERNSTEIN L.P. which holds 5.16 million shares representing 5.6968 and valued at over $127.4 million, while DIMENSIONAL FUND ADVISORS LP holds 5.6111 of the shares totaling 5.08 million with a market value of $125.48 million.
Adient plc (ADNT) Insider Activity
The most recent transaction is an insider sale by Smith Gregory Scott, the company’s SVP & Chief Accounting Officer. SEC filings show that Smith Gregory Scott sold 1,000 shares of the company’s common stock on May 15 ’24 at a price of $29.47 per share for a total of $29470.0. Following the sale, the insider now owns 15399.0 shares.
Adient plc disclosed in a document filed with the SEC on May 09 ’24 that Carlin Peter (Director) sold a total of 4,207 shares of the company’s common stock. The trade occurred on May 09 ’24 and was made at $28.90 per share for $0.12 million. Following the transaction, the insider now directly holds 28352.0 shares of the ADNT stock.
Still, SEC filings show that on Feb 20 ’24, Berthelin Michel Pierre Rose (EVP, EMEA) disposed off 1,300 shares at an average price of $34.22 for $44486.0. The insider now directly holds 92,662 shares of Adient plc (ADNT).
