Home Sectors Industrials Present Performance: Allegheny Technologies (NYSE: ATI)

Present Performance: Allegheny Technologies (NYSE: ATI)

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Allegheny Technologies is part of the industrials sector and is in the industrial products industry. Allegheny Technologies Inc is a diversified specialty metals producer. Its products include titanium and titanium alloys, nickel-based alloys and specialty steels, precision forgings, castings and machined components, and zirconium.

Previous Intraday Trading Performance:

The ATI stock showed a previous change of 1.64% with an open at 26.78 and a close of 27.23. It reached an intraday high of 27.23 and a low of 26.60.

SeekingAlpha:  Allegheny Technologies: Still Room To Grow

Liquidity:

The stock has a market cap of $3.4b with 125.7m shares outstanding, of which the float is 120.8m shares. Trading volume reached 1,538,011 shares compared to its average volume of 1,767,573 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Allegheny Technologies shares returned -0.98% and in the past 30 trading days it returned 24.11%. Over three months, it changed 1.15%. In one year it has changed 2.25% and within that year its 52-week high was 30.18 and its 52-week low was 20.84. ATI stock is 30.66% above its 52 Week Low.

Our calculations show a 200 day moving average of 26.63 and a 50 day moving average of 24.87. Currently ATI stock is trading 2.27% above its 200 day moving average and may be a good opportunity to buy.

SeekingAlpha:  Allegheny Technologies: Still Room To Grow

Earnings:

The last annual fiscal EPS for the company was reported at 1.61 that ended on 31st of December 2018, which according to the previous close, that is a PE of 16.91. Based on 5 analyst estimates, the consensus EPS for the next quarter is 0.33. The TTM EPS is 1.51, which comes to a TTM PE of 18.03.

The following are the last four quarter reported earnings per share:
12-31-2018:  0.30
09-30-2018:  0.37
06-30-2018:  0.52
03-31-2018:  0.32

Base on our calculations, the intrinsic value per share is 18.03, which means it may be overvalued by -51.02%

Indicators to Watch:

Based on the latest filings, there is 3.90% of insider ownership and 160.30% of institutional ownership. Short-interest is 16,238,528, which is 12.92% of shares outstanding. The short-interest ratio or days-to-cover ratio is 9.37. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 2.43

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 12.27%, return on assets is 4.16%, profit margin is 5.85%, price-to-sales is 0.83 and price-to-book is 1.79.

Company Scores:

All scores are out of six:
 2  :Valuation Score
 2  :Past Performance Score
 3  :Financial Strength Score
 3  :Future Growth Score
 0  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.