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- 1 APH stock volume trades above average and the price trades below the major 20 and 50-day daily moving averages.
- 2 Amphenol Corporation (NYSE: APH) stock’s 52-week price range is between $61 – $90.
Amphenol Corporation stock latest quarterly earnings report for the period ending June 2023, displayed a revenue of $3.05 Billion, with a net income of $460.50 Million. It also reported a gain in profit margin from the last quarter of 15.08%. This quarter, the APH stock’s reported revenue exceeded analysts’ estimates by $102.803 Million (3.48%).
APH stock’s latest quarterly balance sheet for the period ending June 2023 reported total assets of $15.24 Billion and total liabilities of $7.65 Billion. The APH debt-to-assets ratio is at 50.17%.
In addition, the APH stock reported an EPS of $0.72 for the period ending June 2023, beating the analysts’ estimate of $0.68 by 5.90%. The APH next quarter’s revenue is estimated to be $3.093 Billion with an estimated EPS of $0.738. The report will be released on October 25th, 2023.
The APH stock’s dividend yield for TTM is 1.01% and its last dividend payment was $0.21 per share. The last ex-dividend date was September 18th, 2023 and its payout ratio is 27.00%.
APH Stock Price Technical Analysis in 1-D Timeframe
The APH stock has a share float of 592.916 Million shares and a market cap of $49.78 Billion. The APH stock has a CMP of $83.46 and an intraday gain of 0.42%. The APH stock’s average volume for the last 10 days is 2.422 Million and its current volume is 2.723 Million.
At the time of publishing, the price of Amphenol Corporation (NYSE: APH) found recent support at $81 and consolidating nearby. It might jump over 20-day EMA soon. If more buying volume assists the price, APH might surpass major rejecting EMAs.
The MACD indicates a bullish cross. The RSI is at 45.39 and has bounced off the 14 SMA which is at 37.89. The indicators in the APH stock suggest positive signs on the charts.
Moreover, the stock ratings for APH stock are positive and highly recommended based on 16 analysts who have evaluated the stock in the last three months. The 1-year price forecasts for APH stock by 12 analysts range between $75.00 to $103.00.
According to the price action displayed on the charts, APH stock price rose from the $61 support level in June 2022 and reached a high of $90 on July 27th, 2023, making higher highs and lows.
It faced resistance and fell due to investors taking out their profit of the period ending June 2023 quarter reports. However, the stock showed recovery signs as the APH price took support at $81 by the end of September 2023.
Therefore, if the Amphenol stock manages to gain strong buying momentum and surges above the swing high, it can trigger a rally. The probable resistance levels are between $85 and $87.
Alternatively, if the stock faces resistance again and continues to fall below, and breaks below $81, then it could fall up to $79.
Summary
Amphenol Corporation (NYSE: APH) chart indicates that the traders and investors of the share price are bullish and positive on the 1-D time frame. The price action shows a bullish outlook at the time of publishing. The technical analysis tools of the Amphenol stock price such as EMA, RSI, and MACD highlight upward signals and support bullishness.
Technical Levels
Support Levels: $81 and $79
Resistance Levels: $85 and $87
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
