Bears Are Back On The Defensive As Amentum Holdings Inc (AMTM) tumbled -1.33%

Amentum Holdings Inc (NYSE:AMTM) has seen 1.47 million shares traded in the last trading session. The company, currently valued at $5.94B, closed the last trade at $24.43 per share which meant it lost -$0.33 on the day or -1.33% during that session. The AMTM stock price is -41.22% off its 52-week high price of $34.50 and 13.06% above the 52-week low of $21.24. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.33 million shares traded. The 3-month trading volume is 2.73 million shares.

Amentum Holdings Inc (NYSE:AMTM) trade information

Sporting -1.33% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the AMTM stock price touched $24.43 or saw a rise of 3.97%. Year-to-date, Amentum Holdings Inc shares have moved -17.21%, while the 5-day performance has seen it change -3.06%. Over the past 30 days, the shares of Amentum Holdings Inc (NYSE:AMTM) have changed -18.49%. Short interest in the company has seen 2.89 million shares shorted with days to cover at 0.72.

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Wall Street analysts have a consensus price target for the stock at $31, which means that the shares’ value could jump 21.19% from current levels. The projected low price target is $31.0 while the price target rests at a high of $31.0. In that case, then, we find that the current price level is -26.89% off the targeted high while a plunge would see the stock gain -26.89% from current levels.

2 analysts offering their estimates for the company have set an average revenue estimate of 3.41B for the current quarter. 2 have an estimated revenue figure of 3.43B for the next ending quarter.

AMTM Dividends

Amentum Holdings Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Also the top two Mutual Funds that are holding company’s shares are Global X Fds-Global X U.S. Infrastructure Development ETF and SPDR S&P 500 ETF Trust . As of Sep 30, 2024 , the former fund manager holds about 0.00% shares in the company for having 791.8 shares of worth $19.34 million while later fund manager owns 1.52 shares of worth $37.04 million as of Sep 30, 2024 , which makes it owner of about 0.00% of company’s outstanding stock.