The stock of ATI Inc. (NYSE:ATI) increased by $0.04 on Friday to finish at $43.74, up 0.09 percent. The last five days have seen an average of 884,300 shares of common stock traded. 29 times new highs were reached in the current year, with a gain of $13.88. The average number of shares traded over the last 20 days was 1,016,050, while the average volume over the last 50 days totaled 1,119,592.
ATI stock dropped -5.83% since last month. On 08/14/23, the company’s shares reached a one-month low of $42.57. The stock touched a high of $47.92 on 08/01/23, after rallying from a low of $25.39 in 52 weeks. The price of ATI stock has risen by 46.48% or $13.88 this year, reaching a new high 29 times. Still, the stock price is down -8.72% from the 52-week high.
Insider Transactions
ATI stock investors should be aware that ATI Inc. (ATI) stock had its last reported insider trading activity 18 days ago on Aug 10. On Aug 10, Senior VP and CDIO Harris Timothy J sold 12,858 shares at $43.57 each. This transaction resulted in the insider making $560,223. On Jul 10, Davis Elliot S sold 7,039 shares at a price of US$45.00. After the transaction, the insider now owns 134,588 shares. Chief Legal & Compl. Officer Davis Elliot S had earlier sold 7,039 shares on Jun 29 for $42.50 a share. The transaction was completed for $299,158.
Valuation Metrics
ATI Inc. (ATI) has a trailing price-to-earnings (P/E) ratio of 23.93. Beta for the stock is 1.27. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.36, the price-to-book (PB) ratio of 5.50, and the price-to-cash flow ratio of 110.62.
Company paid $0.08 per share in dividends, remained unchanged from $0.08 last year.
Financial Health
For the three months ended June 29, ATI Inc.’s quick ratio was 1.20, while its current ratio was 2.70, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.42, and the total debt to equity ratio is 1.49. As far as profitability goes, gross margin for the trailing twelve months is 18.70% percent. ATI Inc.’s EBITDA margin for the year ended June 29 was 13.99%, whereas its operating margin stood at 10.60% for the same period. Based on annual data, it had gross profit of $714.2 million and revenue of $3.84 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ATI’s return on assets (ROA) during the last 12 months has been 6.50%. There was a 8.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 27.40%.
Earnings Surprise
According to ATI Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.05 billion, while revenues rose by 8.27% to $1.04 billion. It was predicted that ATI Inc.’s quarterly earnings would be $0.59, but it ended up being $0.55, beating the consensus by 7.30%. EBITDA was $156.2 million for the quarter. At the end of ATI Inc.’s most recent quarter ended June 29, its liabilities totaled 3.13 billion, while its total debt was $1.77 billion. Equity owned by shareholders amounts to $128.59 million.
Technical Picture
Here’s a quick look at ATI Inc.’s (ATI) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 45.41%, suggesting the stock is Neutral, with a 19.73% historical volatility rate.
The stochastic %K and %D were 56.68% and 63.02% respectively, while the average true range (ATR) was 1.12. Based on the 14-day stochastic reading of 53.30%, the RSI (14) reading is 47.50%. On the 9-day MACD Oscillator, the stock is at -0.05, and the 14-day reading is at 0.07.
Analyst Ratings
In its analyst report released on July 20, 2023, Northcoast began covering ATI Inc. (NYSE: ATI). The stock was rated as a Buy by the brokerage firm. Analysts have assigned ATI Inc. (ATI) an Buy rating. ATI is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 7 others recommend it as a buy.
What is ATI’s price target for the next 12 months?
The current consensus forecast for the stock is between $45.00 and $54.00, with a median target price of $51.50. In analyzing these forecasts, the average price target given by analysts for ATI Inc. (ATI) is $50.63.
