Amkor Technology Inc (NASDAQ: AMKR). Extremely significant negative changes in investment behavior have recently occurred: its longer term price trend turned down, its shorter term price trend turned down, and negative upside/downside volume developed.
Moderate negative changes in Amkor Technology Inc (NASDAQ: AMKR) fundamentals have recently occurred. Negative developments: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred. Positive development: the stock’s power rating rose above 70.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, AMKR is expected to continue to be a Value Builder.
Amkor Technology has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Amkor Technology has a good Appreciation Score of 72 and a good Power Rating of 75, resulting in the Highest Value Trend Rating.
Recent Price Action
Amkor Technology Inc (NASDAQ: AMKR) stock closed at $29.86 on 4/24/24 after an increase of 1.4%. This advance was accompanied by normal trading volume. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -4.3% during the last week.
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