Perhaps timely catching Adient plc (ADNT) would be a good idea

Adient plc (NYSE: ADNT) stock fell -2.69% on Wednesday to $34.77 against a previous-day closing price of $35.73. With 0.62 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.8 million shares. During the session, the Auto Parts company that operates in wider Consumer Cyclical sector, reached to the highest price of $35.25 whereas the lowest price it dropped to was $34.34. The 52-week range on ADNT shows that it touched its highest point at $47.50 and its lowest point at $27.15 during that stretch. It currently has a 1-year price target of $45.29. Beta for the stock currently stands at 2.77.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ADNT was down-trending over the past week, with a drop of -2.99%, but this was down by -5.54% over a month. Three-month performance dropped to -19.88% while six-month performance fell -10.11%. The stock gained 9.31% in the past year, while it has gained 0.23% so far this year. A look at the trailing 12-month EPS for ADNT yields 0.12 with Next year EPS estimates of 3.53. For the next quarter, that number is 0.42. This implies an EPS growth rate of -110.90% for this year and 122.95% for next year.

Float and Shares Shorts:

At present, 95.30 million ADNT shares are outstanding with a float of 94.16 million shares on hand for trading. On Apr 27, 2023, short shares totaled 3.66 million, which was 3.87% higher than short shares on Mar 30, 2023. In addition to Mr. Douglas G. Del Grosso as the firm’s Pres, CEO & Director, Mr. Jerome J. Dorlack serves as its Chief Financial Officer & EVP.

Institutional Ownership:

Other institutions hold 65.30% of ADNT, in contrast to 34.14% held by mutual funds. Shares owned by individuals account for 1.85%. As the largest shareholder in ADNT with 12.86% of the stake, Capital Research & Management Co holds 12,269,254 shares worth 12,269,254. A second-largest stockholder of ADNT, Fidelity Management & Research Co, holds 10,395,896 shares, controlling over 10.90% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in ADNT, holding 10,394,727 shares or 10.90% stake. With a 5.10% stake in ADNT, the American Funds Fundamental Invest is the largest stakeholder. A total of 4,867,532 shares are owned by the mutual fund manager. The American Funds Small Cap World Fu, which owns about 4.17% of ADNT stock, is the second-largest Mutual Fund holder. It holds 3,974,801 shares valued at 146.83 million. American Funds Growth Fund of Ame holds 3.60% of the stake in ADNT, owning 3,437,538 shares worth 126.98 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, ADNT reported revenue of $3.48B and operating income of $31.00M. The EBITDA in the recently reported quarter was $133.00M and diluted EPS was -$0.32.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ADNT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ADNT analysts setting a high price target of $58.00 and a low target of $34.00, the average target price over the next 12 months is $44.38. Based on these targets, ADNT could surge 66.81% to reach the target high and fall by -2.21% to reach the target low. Reaching the average price target will result in a growth of 27.64% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded ADNT stock several times over the past three months with 7 Buys and 2 Sells. In these transactions, 25,125 shares were bought while 22,880 shares were sold. The number of buy transactions has increased to 22 while that of sell transactions has risen to 36 over the past year. The total number of shares bought during that period was 624,113 while 414,298 shares were sold.

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