Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) is one of the worst performers on the stock market today. At current price of $26.69, the shares have already lost -0.78 points (-2.82% lower) from its previous close of $27.47. Should you buy or avoid them? The stock sets an active trading volume day with a reported 155322 contracts so far this session. AAWW shares had a relatively better volume day versus average trading capacity of 333.74 thousand shares, but with a 25.34 million float and a 10.72% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for AAWW stock indicates that the average analyst price target is $46 per share. This means the stock has a potential increase of 72.35% from where the AAWW share price has been trading recently.
During the recent trading session for Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW), the company witnessed their stock rise $2.28 over a week and tumble down $-0.59 from the price 20 days ago. When compared to their established 52-week high of $60.72, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 02/21/19. The recent low of $20.61 stood for a -56.04% since 09/10/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 2.31 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Atlas Air Worldwide Holdings, Inc., the two-week RSI stands at 54.89. This figure suggests that AAWW stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current AAWW readings is similarly very revealing as it has a stochastic reading of 89.2% at this stage. This figure means that AAWW share price today is being oversold.
Technical chart claims that Atlas Air Worldwide Holdings, Inc. (AAWW) would settle between $27.88/share to $28.28/share level. However, if the stock price goes below the $27.05 mark, then the market for Atlas Air Worldwide Holdings, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $26.62 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 1.63. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Wolfe Research raised their recommendation on shares of AAWW from Peer Perform to Outperform in their opinion released on February 07. Cowen analysts again handed out a Outperform recommendation to Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) stock but they lifted target price for the shares in a flash note issued to investors on October 31. The target price has been raised from $39 to $37. Analysts at Cowen are sticking to their Outperform stance. However, on October 25, they lifted price target for these shares to $39 from $50.
AAWW equity has an average rating of 2.13, with the figure leaning towards a bullish end. 6 analysts who tracked the company were contacted by Reuters. Amongst them, 2 rated the stock as a hold while the remaining 4 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 4 analysts rated Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, AAWW stock price is currently trading at 6.29X forward 12-month Consensus EPS estimates, and its P/E ratio is 6.4 while for the average stock in the same group, the multiple is 10.8. Atlas Air Worldwide Holdings, Inc. current P/B ratio of 0.3 means it is trading at a discount against its industry’s 1.7.
Atlas Air Worldwide Holdings, Inc. (AAWW)’s current-quarter revenues are projected to climb by nearly 0.6% to hit $769640, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 3.4% from $2.68 billion to a noteworthy $2.77 billion. At the other end of the current quarter income statement, Atlas Air Worldwide Holdings, Inc. is expected to see its adjusted earnings surge by roughly -4.2% to hit $2.99 per share. For the fiscal year, AAWW’s earnings are projected to climb by roughly -39.2% to hit $4.42 per share.