56.8 F
New York
Monday, November 30, 2020

The Unprecedented Rise of Athene Holding Ltd. (NYSE:ATH)

Must read

The Last Few Sessions Have Arcturus Therapeutics Holdings Inc. (ARCT) Soaring

Arcturus Therapeutics Holdings Inc. (ARCT) shares are trading at higher $76.00 and the avg recommendation for the stock is Strong Buy, while the current...

When Will CrowdStrike Holdings Inc. (CRWD) Slow Down

CrowdStrike Holdings Inc. (CRWD) shares are trading at higher $150.83 and the avg recommendation for the stock is Strong Buy, while the current analyst...

The Forecast Just Changed on Athersys Inc. (NASDAQ:ATHX)

Athersys Inc. (ATHX) shares are trading at higher $1.90 and the avg recommendation for the stock is Strong Buy. To add more color to...

Will Formula One Group (FWONK) Find a Support Level Soon?

Formula One Group (FWONK) shares are trading at higher $42.59 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Athene Holding Ltd. (ATH) shares are trading at lower $36.82 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $44.55.

To add more color to this target, the company’s high over the last year is $50.43 and the low is $13.37. Over the last 52 weeks, ATH is down -26.99% while the S&P 500 is up 0.32%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, ATH reported a profit of $1.08 billion. Athene Holding Ltd. also saw revenues increase to $4.4 billion. In addition, ATH has free cash flow of $1.4 billion as of 06-2020. The company’s EBITDA came in at $1.39 billion which compares well with its peers.

ATH booked profit margins of 4.20%, its Return on Equity (ROE) is 3.60%, and its Return on Assets is 0.30%. All told, it is clear that, ATH needs to be on your watchlist.

Find out when ATH reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. ATH has a short ratio of 4.08 and outstanding shares of 193.90M.

Company Outlook

ATH has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.67 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 2.63. Investors should also keep an eye on sector updates as ATH has historically followed its peers on positive news.

All told, Athene Holding Ltd. ATH has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ATH represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Athene Holding Ltd. ATH is now commanding a market cap of 7.03B and a float of 185.47M. ATH is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of ATH stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in ATH, either long or short, and we have not been compensated for this article.

Latest article

Is the Rough Ride Over for Arch Capital Group Ltd. (ACGL)

Arch Capital Group Ltd. (ACGL) shares are trading at lower $33.03 and the avg recommendation for the stock is Moderate Buy, while the current...

New York Community Bancorp Inc. (NYSE:NYCB) Recent Earnings Shows Major Concern

New York Community Bancorp Inc. (NYCB) shares are trading at lower $9.58 and the avg recommendation for the stock is Moderate Buy, while the...

Will Phunware Inc. (PHUN) Find a Support Level Soon?

Phunware Inc. (PHUN) shares are trading at lower $0.67 and the avg recommendation for the stock is Moderate Buy. To add more color to...

Future FinTech Group Inc. (NASDAQ:FTFT) Finding Zero Support

Future FinTech Group Inc. (FTFT) shares are trading at lower $2.39 and the avg recommendation for the stock is Hold, while the current analyst...

Renewed Optimism is Surrounding Enable Midstream Partners LP (NYSE:ENBL)

Enable Midstream Partners LP (ENBL) shares are trading at lower $5.19 and the avg recommendation for the stock is Moderate Buy, while the current...