AMTEK stock: buy or sell?

AME stock price: $71.01 -1.93% At close on March 27th, 2020

Updated on:
March 27th, 2020

2

AMTEK closed yesterday at $71.01 and eased an awful -1.93%. On Tuesday AME climbed an extraordinary 14.32%. On Monday AME plunged a spooky -8.86%.

AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices worldwide. Its Electronic Instruments Group segment offers advanced instruments for the process, power and industrial, and aerospace markets; process and analytical instruments for the oil, gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage markets; and instruments for the laboratory equipment, ultraprecision manufacturing, medical, and test and measurement markets.

Should I buy AMTEK stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Having a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, AMTEK stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean AME will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is AMTEK stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't detect any rating for AME stock for the last 30 days.

AMTEK stock analysis

Daily outlook

AMTEK ended yesterday at $71.01 and eased an awful -1.93%.

AMTEK ended yesterday at $71.01 and eased an awful -1.93%. For the last 32 days when AME stock price broke down the SMA200d line, it slid $-24.13 per share (-25.36%). On January, AME hit a new all time high, pushing higher than on January tops. Check different trading setups that use ATHs as triggers.

AME stock chart (daily)

Weekly outlook

After sliding a scary -17.72% in a week last week, AMTEK closed this week at $71.01 and boosted an extraordinary 12.06%.

Not so far away is the last price record AMTEK marked early January, but since then it dropped a 30.43%. Since late February, when AME stock price broke down the 40-weeks moving avarage line, it slid $-28.10 per share (-28.35%). Trading stocks that are under the 40-weeks (that is, 200-days) moving average mark is not recommended by many experts, as it indicates that the stock has not enough institutional support.

AME stock chart (weekly)

AMTEK stock price history

AMTEK stock went public on July 19th, 1984 with a price of $0.021. Since then, AME stock grew a 354,950.00%, with a yearly average of 10,141.40%. If you had invested $1,000 in AMTEK stock in 1984, it would worth $3,549,500.00 today.

1: Adjusted price after possible price splits or reverse-splits.

AMTEK stock historical price chart

AME stock reached all-time highs on January with a price of $102.07.

AMTEK stock price target

Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' AME stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we have not found any price target for AMTEK stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

, AMTEK reported its latest financial data, close to analysts' consensus and published a $0.86 Earnings per Share. As soon as we get its actual EPS from the earnings report, we will extend this report.
AME earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.65n/a
2017-Q32017-11-020.620.666.5%
2017-Q42018-02-010.670.74.5%
2018-Q12018-05-020.720.788.3%
2018-Q22018-07-310.780.836.4%
2018-Q32018-11-010.780.825.1%
2018-Q42019-02-050.840.862.4%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, AMTEK annual sales climbed a dazzling 12.69% to $4,845.87 million dollars from $4,300.17 marked in 2017. Nevertheless, its income margin (compared to revenues) stayed steady to 16.05%, that is $777.93 million.

AME annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$3,590 M-$517 M14.4%-
2014$4,022 M12.03%$584 M14.5%13.05%
2015$3,974 M-1.19%$591 M14.9%1.09%
2016$3,840 M-3.38%$512 M13.3%-13.32%
2017$4,300 M11.98%$681 M15.8%33.06%
2018$4,846 M12.69%$778 M16.1%14.16%

Quarterly financial results

AMTEK posted $1,271.33 million in revenues for 2018-Q4, a 6.57% improvement compared to previous quarter. Reported quarter earnings marked $211.52 M with a profit margin of 16.64%. Profit margin remained steady a 0.61% compared to previous quarter when profit margin was 16.03%. When comparing sales to same quarter last year, AMTEK sales marked a phenomenal gain and rocketed a 11.22%.
AME quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$1,060 M-$150 M14.2%-
2017-Q3$1,085 M2.34%$154 M14.2%2.03%
2017-Q4$1,143 M5.37%$239 M20.9%55.36%
2018-Q1$1,173 M2.59%$181 M15.5%-23.98%
2018-Q2$1,209 M3.09%$194 M16.0%6.90%
2018-Q3$1,193 M-1.32%$191 M16.0%-1.37%
2018-Q4$1,271 M6.57%$212 M16.6%10.62%
2019-Q1$1,288 M1.29%$204 M15.9%-3.43%

AMTEK ownership

When you are planning to buy a company, it's always worth to review its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For AMTEK, 0.45% of all outstanding shares are owned by its staff.

Bearish positions for AME stock account 0.00%, no big difference from last month.

For a better understanding, the following table shows ownership data compared to other related companies:

AME
Market cap$16.3 B
Total shares229.1 M
Float shares228.1 M
  - Institutional holdings (%)89.1%
  - Insider holdings (%)0.4%
Shares in short selling0.0%

AMTEK summary

Friday, March 27th, 2020
Open$68.75
Close$71.01
Day range$67.88 - $73.64
Previous close$72.41
Session gain-1.93%
Average true range$8.19
50d mov avg$88.58
100d mov avg$93.54
200d mov avg$90.71
Daily patternlt03a
Weekly pattern

AMTEK performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We selected as the bechmarking frame for AMTEK stock.
Stock3m6m12m
AMEAMTEK-28.79%-21.99%-13.81%

AMTEK competitors

Unfortunately, we could not find any public company that could be defined as AMTEK competitor. This doesn't mean AMTEK does not have any competitor in the market, it's just we could not detected it.