Atkore Exceeds Q3 Expectations But Stock Drops 10.9
ATKR Stock | USD 93.88 0.30 0.32% |
Slightly above 55% of Atkore International's investor base is interested to short. The analysis of overall sentiment of trading Atkore International Group stock suggests that many investors are impartial at this time. Atkore International's investing sentiment overview a quick insight into current market opportunities from investing in Atkore International Group. Many technical investors use Atkore International stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Atkore |
Electrical safety company Atkore reported Q3 CY2024 results topping the markets revenue expectations, but sales fell by 9.4 percent year on year to 788.3 million. Its non-GAAP profit of 2.43 per share was 1.5 percent below analysts consensus estimates.
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Atkore International Current Investor Sentiment
Panic Vs Confidence
45
Panic | Confidence |
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use Atkore International's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward Atkore International Group.
News SentimentBullish | Hype SentimentBearish | Insider SentimentDisposing |
Atkore International Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Atkore International can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Atkore International Historical Investor Sentiment
Investor biases related to Atkore International's public news can be used to forecast risks associated with an investment in Atkore. The trend in average sentiment can be used to explain how an investor holding Atkore can time the market purely based on public headlines and social activities around Atkore International Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Atkore International's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Atkore International and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Atkore International news discussions. The higher the estimate score, the more favorable the investor's outlook on Atkore International.
Atkore International Fundamental Analysis
We analyze Atkore International's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Atkore International using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Atkore International based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Market Capitalization
Market Capitalization Comparative Analysis
Atkore International is currently under evaluation in market capitalization category among its peers. Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Atkore International Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Atkore International stock to make a market-neutral strategy. Peer analysis of Atkore International could also be used in its relative valuation, which is a method of valuing Atkore International by comparing valuation metrics with similar companies.
Peers
Atkore International Related Equities
NVT | NVent Electric | 0.89 | ||||
AYI | Acuity Brands | 0.88 | ||||
VRT | Vertiv Holdings | 0.87 | ||||
HUBB | Hubbell | 0.13 | ||||
AEIS | Advanced Energy | 0.55 | ||||
ENS | Enersys | 1.21 | ||||
ENR | Energizer Holdings | 1.70 | ||||
KE | Kimball Electronics | 2.61 |
Additional Tools for Atkore Stock Analysis
When running Atkore International's price analysis, check to measure Atkore International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Atkore International is operating at the current time. Most of Atkore International's value examination focuses on studying past and present price action to predict the probability of Atkore International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atkore International's price. Additionally, you may evaluate how the addition of Atkore International to your portfolios can decrease your overall portfolio volatility.