Is ATI Inc. (ATI) Stock Cheap Or Risky?


As of Friday close, ATI Inc.’s (NYSE:ATI) stock was down -$1.42, moving down -3.78 percent to $36.16. The average number of shares traded per day over the past five days has been 2,552,580 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.92 fall in that time frame. In the last twenty days, the average volume was 1,631,460, while in the previous 50 days, it was 1,535,458.

Since last month, ATI stock retreated -10.18%. Shares of the company fell to $35.57 on 03/15/23, the lowest level in the past month. A 52-week high of $43.32 was reached on 03/06/23 after having rallying from a 52-week low of $20.51. Since the beginning of this year, ATI’s stock price has risen by 21.10% or $6.30, and marked a new high 20 times. However, the stock has declined by -16.53% since its 52-week high.

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ATI stock investors should be aware that ATI Inc. (ATI) stock had its last reported insider trading activity 38 days ago on Feb 08. Davis Elliot S, the Chief Legal & Compl. Officer of the company, disposed of 9,627 shares for $39.07 on Feb 08. It resulted in a $376,172 divestment by the insider. Davis Elliot S sold 28,572 shares at an average price of $30.68 on Dec 06. The insider now owns 160,350 shares following the transaction. On Nov 01, Board Chair, President and CEO WETHERBEE ROBERT S sold 15,000 shares at $30.23 apiece. The transaction was valued at $453,450.

Valuation Metrics

Right now, ATI Inc. (ATI) has a P/E ratio of about 48.67. The stock’s beta is 1.20. Besides these, the trailing price-to-sales (P/S) ratio of 1.25, the price-to-book (PB) ratio of 4.47, and the price-to-cash flow ratio of 51.16 may also be considered.

The latest dividend of $0.08 per share was paid out, remained unchanged from last year’s $0.08.

Financial Health

In the three months ended December 30, ATI Inc.’s quick ratio stood at 1.30, while its current ratio was 2.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 1.63, and the total debt-to-equity ratio was 1.67. On the profitability front, the trailing twelve-month gross margin is 18.60% percent. In the year ended December 30, operating margins totaled 6.80%. Based on annual data, ATI earned $714.2 million in gross profit and brought in $3.84 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.70%. Return on equity (ROE) for the past 12 months was 16.00%.

In ATI Inc.’s quarter-end financial report for December 30, it reported total debt of $1.7 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ATI’s revenue rose 29.68% to $959.5 million during the quarter, while net income inched up to $1.03 billion. While analysts expected ATI Inc. to report $0.52 quarterly earnings, the actual figure was $0.53 per share, beating the consensus estimate by 1.90%. During the quarter, the company generated $144.5 million in EBITDA. The liabilities of ATI Inc. were 3.29 billion at the end of its most recent quarter ended December 30, and its total debt was $1.8 billion. The value of shareholders’ equity is $128.61 million.

Technical Picture

This quick technical analysis looks at ATI Inc.’s (ATI) price momentum. With a historical volatility rate of 46.03%, the RSI 9-day stood at 31.67% on 17 March.

With respect to its five-day moving average, the current ATI Inc. price is down by -7.47% percent or -$2.92. At present, ATI shares trade -10.36% below its 20-day simple moving average and +23.58% percent above its 100-day simple moving average. However, the stock is currently trading approximately +16.53% above its SMA50 and +31.49% above its SMA200.

Stochastic coefficient K was 14.58% and Stochastic coefficient D was 16.82%, while ATR was 1.67. Given the Stochastic reading of 7.61% for the 14-day period, the RSI (14) reading has been calculated as 37.67%. As of today, the MACD Oscillator reading stands at -2.30, while the 14-day reading stands at -3.33.

Analyst Ratings

Wolfe Research upgraded its rating on ATI Inc. (NYSE: ATI) to an Outperform in a note to investors on August 05, 2022. The analysts firm previously had a Peer perform rating on the stock.ATI Inc. (ATI) has been rated Buy by analysts. According to 0 brokerage firms, ATI is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate ATI Inc. stock as buy, with 6 recommending it as overweight.

With a median target price of $45.00, the current consensus forecast for the stock is $33.00 – $50.00. Based on these forecasts, analysts predict ATI Inc. (ATI) will achieve an average price target of $44.14.


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