Air Transport Services Group Inc (NASDAQ: ATSG) is 24.65% higher on its value in year-to-date trading and has touched a low of $11.62 and a high of $22.33 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 ATSG stock was last observed hovering at around $21.95 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $21.95, the stock is -0.08% and 6.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing 0.00% at the moment leaves the stock 38.62% off its SMA200. ATSG registered 27.17% gain for a year compared to 6-month gain of 60.81%. The firm has a 50-day simple moving average (SMA 50) of $20.4994 and a 200-day simple moving average (SMA200) of $15.7864.
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The stock witnessed a 0.00% loss in the last 1 month and extending the period to 3 months gives it a 44.60%, and is 0.37% 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 0.43% over the week and 0.50% over the month.
Air Transport Services Group Inc (ATSG) has around 5095 employees, a market worth around $1.46B and $1.96B in sales. Fwd P/E is 20.83. Profit margin for the company is -0.12%. Distance from 52-week low is 88.90% and -1.70% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.07%).
with sales reaching $530.37M over the same period.The EPS is expected to shrink by -46.03% this year, but quarterly earnings will post -1.95% year-over-year. Quarterly sales are estimated to grow 2.58% in year-over-year returns.
232.0 institutions hold shares in Air Transport Services Group Inc (ATSG), with institutional investors hold 104.61% of the company’s shares. The shares outstanding are 65.76M, and float is at 51.48M with Short Float at 4.29%. Institutions hold 81.35% of the Float.
The top institutional shareholder in the company is AMAZON COM INC with over 12.74 million shares valued at $176.72 million. The investor’s holdings represent 19.6104 of the ATSG Shares outstanding. As of 2024-06-30, the second largest holder is RIVER ROAD ASSET MANAGEMENT, LLC with 6.97 million shares valued at $96.65 million to account for 10.7252 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 5.93 million shares representing 9.1271 and valued at over $82.25 million, while BLACKROCK INC. holds 6.0122 of the shares totaling 3.91 million with a market value of $54.18 million.
Air Transport Services Group Inc (ATSG) Insider Activity
The most recent transaction is an insider purchase by Berger Michael L, the company’s Chief Executive Officer. SEC filings show that Berger Michael L bought 3,996 shares of the company’s common stock on Jun 07 ’24 at a price of $12.47 per share for a total of $49830.0. Following the purchase, the insider now owns 0.1 million shares.
Air Transport Services Group Inc disclosed in a document filed with the SEC on Jun 07 ’24 that HETE JOSEPH C (Executive Chairman) bought a total of 5,000 shares of the company’s common stock. The trade occurred on Jun 07 ’24 and was made at $12.81 per share for $64058.0. Following the transaction, the insider now directly holds 0.59 million shares of the ATSG stock.
