Atomera Incorporated (NASDAQ: ATOM) saw a downside of -5.60% to close Tuesday at $23.42 after subtracting -$1.39 on the day. The 5-day average trading volume is 294,340 shares of the company’s common stock. It has gained $26.43 in the past week and touched a new high 1 time within the past 5 days. An average of 327,510 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 363,216.
ATOM’s 1-month performance is 3.31% or $0.75 on its low of $18.75 reached on 08/18/21. The company’s shares have touched a 52-week low of $7.97 and a high of $47.13, with the stock’s rally to the 52-week high happening on 02/08/21. YTD, ATOM has achieved 45.56% or $7.33 and has reached a new high 9 times. However, the current price is up 50.31% from the 52-week high price.
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On Sep 02, 9 days have gone by since the last insider trading activity for Atomera Incorporated (ATOM). Laurencio Francis (See Remarks) most recently sold 3,500 shares at $24.53 per share on Sep 02. This transaction cost the insider $85,870. Chief Technology Officer, Mears Robert J, sold 2,800 shares at a price of $24.50 on Sep 02. Then, on Sep 01, See Remarks Laurencio Francis sold 3,655 shares at a price of $24.40 per share. This transaction amounted to $89,182.
ATOM stock has a beta of 1.53. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1336.70 while the price-to-book (PB) in the most recent quarter is 15.21.
Atomera Incorporated’s quick ratio for the period ended June 29 was 31.00, with the current ratio over the same period at 31.00 meaning that ATOM stock is able to fulfill its debt obligations. As well, the company’s long-term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00The trailing 12-month EBITDA margin is -23775.81%. The firm’s gross profit as reported stood at $49000.0 against revenue of $62000.0.
The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. Atomera Incorporated’s return on assets over the past 12 months stands at -41.70%, while its return on equity (ROE) trailing 12 months is -44.20%. In comparison, the average ROE for the broader industry over the past year is 9.04.
For the quarterly period ending June 29 this year, Analysts expected ATOM to announce -$0.13 per share in earnings in its latest quarter, but it posted -$0.13, representing a 0.00% surprise. EBITDA for the quarter stood at more than -$3.65 million. ATOM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.98 million, with total debt at $1.06 million. Shareholders hold equity totaling $23.1 million.
In the most recent analyst report for Atomera Incorporated (NASDAQ: ATOM), Craig Hallum launched coverage with a Buy rating. Analysts offering their rating for ATOM stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate ATOM as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 has offered a “buy” rating.
What is ATOM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $28.00 and a high of $28.00, with their median price target at $28.00. Looking at these predictions, the average price target given by analysts is for Atomera Incorporated (ATOM) stock is $28.00.
Let’s look briefly at Atomera Incorporated (ATOM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 14 September was 47.77% to suggest the stock is trending Neutral, with historical volatility in this time period at 79.66%.
The stock’s 5-day moving average is $24.11, the price moving -11.72% or -$3.11. ATOM is currently trading +14.19% above its 20-day SMA, +16.69% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +10.94% and +165.23% respectively.
Stochastic %K and %D was 48.17% and 58.31% and the average true range (ATR) pointed at 1.79. The RSI (14) points at 51.23%, while the 14-day stochastic is at 21.65% with the period’s ATR at 1.74. The stock’s 9-day MACD Oscillator is pointing at -0.33 and -0.04 on the 14-day charts.