As of Wednesday close, ATI Inc.’s (NYSE:ATI) stock was up $0.87, moving up 2.02 percent to $43.90. The average number of shares traded per day over the past five days has been 926,680 shares. 1 time new highs have been achieved over the past 5 days, with a $0.62 gain in that time frame. In the last twenty days, the average volume was 965,855, while in the previous 50 days, it was 1,123,726.
Since last month, ATI stock retreated -3.64%. Shares of the company fell to $42.57 on 08/14/23, the lowest level in the past month. A 52-week high of $47.92 was reached on 08/01/23 after having rallying from a 52-week low of $25.39. Since the beginning of this year, ATI’s stock price has risen by 47.02% or $14.04, and marked a new high 29 times. However, the stock has declined by -8.39% since its 52-week high.
ATI stock investors should be aware that ATI Inc. (ATI) stock had its last reported insider trading activity 7 days ago on Aug 10. Harris Timothy J, the Senior VP and CDIO of the company, disposed of 12,858 shares for $43.57 on Aug 10. It resulted in a $560,223 divestment by the insider. Davis Elliot S sold 7,039 shares at an average price of $45.00 on Jul 10. The insider now owns 134,588 shares following the transaction. On Jun 29, Chief Legal & Compl. Officer Davis Elliot S sold 7,039 shares at $42.50 apiece. The transaction was valued at $299,158.
Valuation Metrics
Right now, ATI Inc. (ATI) has a P/E ratio of about 24.02. The stock’s beta is 1.27. Besides these, the trailing price-to-sales (P/S) ratio of 1.40, the price-to-book (PB) ratio of 5.52, and the price-to-cash flow ratio of 113.43 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 June 29, ATI Inc.’s quick ratio stood at 1.20, while its current ratio was 2.70, 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 June 29 was 1.42, and the total debt-to-equity ratio was 1.49. On the profitability front, the trailing twelve-month gross margin is 18.70% percent. In the year ended June 29, EBITDA margin amounted to 13.99%, whereas operating margins totaled 10.60%. 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 27.40%.
In ATI Inc.’s quarter-end financial report for June 29, it reported total debt of $1.7 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ATI’s revenue rose 8.27% to $1.04 billion during the quarter, while net income inched up to $1.05 billion. While analysts expected ATI Inc. to report $0.55 quarterly earnings, the actual figure was $0.59 per share, beating the consensus estimate by 7.30%. During the quarter, the company generated $156.2 million in EBITDA. The liabilities of ATI Inc. were 3.13 billion at the end of its most recent quarter ended June 29, and its total debt was $1.77 billion. The value of shareholders’ equity is $128.59 million.
Technical Picture
This quick technical analysis looks at ATI Inc.’s (ATI) price momentum. With a historical volatility rate of 25.14%, the RSI 9-day stood at 46.52% on 16 August.
With respect to its five-day moving average, the current ATI Inc. price is up by +1.43% percent or $0.62. At present, ATI shares trade -3.43% below its 20-day simple moving average and +16.26% percent above its 100-day simple moving average. However, the stock is currently trading approximately +17.10% above its SMA50 and +46.19% above its SMA200.
Stochastic coefficient K was 16.07% and Stochastic coefficient D was 15.19%, while ATR was 1.16. Given the Stochastic reading of 24.86% for the 14-day period, the RSI (14) reading has been calculated as 48.41%. As of today, the MACD Oscillator reading stands at -0.24, while the 14-day reading stands at -1.13.
Analyst Ratings
Northcoast launched its rating on ATI Inc. (NYSE: ATI) to a Buy in a note to investors on July 20, 2023. 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 7 recommending it as overweight.
With a median target price of $51.50, the current consensus forecast for the stock is $45.00 – $54.00. Based on these forecasts, analysts predict ATI Inc. (ATI) will achieve an average price target of $50.63.
