Let’s start up with the current stock price of Atlas Corp. (ATCO), which is $10.08 to be very precise. The Stock rose vividly during the last session to $11.69 after opening rate of $11.10 while the lowest price it went was recorded $11.0627 before closing at $11.51.
Recently in News on December 16, 2020, Atlas Announces Proposed Private Offering by Seaspan of $175 Million of Exchangeable Senior Notes. LONDON, Dec. 16, 2020 /CNW/ – Atlas Corp. (“Atlas” ) (NYSE: ATCO) announced today that its wholly owned subsidiary, Seaspan Corporation (“Seaspan”), launched an offering (the “Offering”), subject to market conditions and other factors, of $175.0 million aggregate principal amount of exchangeable senior notes due 2025 in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Seaspan also intends to grant the initial purchasers of the notes an option to purchase up to an additional $26.25 million aggregate principal amount of notes. You can read further details here
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Atlas Corp. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $14.62 on 01/14/20, with the lowest value was $5.39 for the same time period, recorded on 03/18/20.
Atlas Corp. (ATCO) full year performance was -18.60%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Atlas Corp. shares are logging -31.05% during the 52-week period from high price, and 87.01% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $5.39 and $14.62.
The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 897833 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Atlas Corp. (ATCO) recorded performance in the market was -19.00%, having the revenues showcasing 17.21% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 2.89B, as it employees total of 4400 workers.
Analysts verdict on Atlas Corp. (ATCO)
During the last month, 0 analysts gave the Atlas Corp. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 9.42, with a change in the price was noted +2.87. In a similar fashion, Atlas Corp. posted a movement of +39.21% for the period of last 100 days, recording 430,768 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for ATCO is recording 1.15 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.07.
Atlas Corp. (ATCO): Technical Analysis
Raw Stochastic average of Atlas Corp. in the period of last 50 days is set at 47.53%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 4.02%. In the last 20 days, the company’s Stochastic %K was 30.36% and its Stochastic %D was recorded 40.40%.
Let’s take a glance in the erstwhile performances of Atlas Corp., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -19.00%. Additionally, trading for the stock in the period of the last six months notably improved by 52.45%, alongside a downfall of -18.60% for the period of the last 12 months. The shares increased approximately by 2.58% in the 7-day charts and went down by 4.35% in the period of the last 30 days. Common stock shares were driven by 17.21% during last recorded quarter.