ATI Inc (NYSE:ATI) saw an upside of 1.17% to close Friday at $42.20 after adding $0.49 on the day. The 5-day average trading volume is 838,720 shares of the company’s common stock. It has gained $44.83 in the past week and touched a new high 1 time within the past 5 days. An average of 804,830 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 906,910.
ATI’s 1-month performance is -4.44% or -$2.37 on its low of $41.34 reached on 09/21/23. The company’s shares have touched a 52-week low of $25.39 and high of $47.92, with the stock’s rally to the 52-week high happening on 08/01/23. YTD, ATI has achieved 41.33% or $12.34 and has reached a new high 29 times. However, the current price is down -11.94% from the 52-week high price.
Insider Transactions
ATI stock investors last saw insider trading activity on Sep 08.DIGGS JAMES C (Director) most recently sold 2,674 shares at $44.90 per share on Sep 08. This transaction cost the insider $120,063. Senior VP and CDIO, Harris Timothy J, sold 12,858 shares at a price of $43.57 on Aug 10. Then, on Jul 10, Chief Legal & Compl. Officer Davis Elliot S sold 7,039 shares at a price of $45.00 per share. This transaction amounted to $316,755.
Valuation Metrics
ATI stock has a beta of 1.27. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.32 while the price-to-book (PB) in the most recent quarter is 4.54, with the price to cash flow ratio at 106.82.
ATI Inc’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 2.74. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.42, while the total debt to equity was 1.49. In terms of profitability, the gross margin trailing 12 months is 18.59%. The trailing 12-month EBITDA margin is 13.99% while for the period ending June 29, ATI Inc’s operating margin was 10.94%. The firm’s gross profit as reported stood at $714.2 million against revenue of $3.84 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 150.0% to $76.0 million, while revenue of $70.1 million was 7.76% off the previous quarter. Analysts expected ATI to announce $0.55 per share in earnings in its latest quarter, but it posted $0.59, representing a 7.30% surprise. EBITDA for the quarter stood at more than $156.2 million. ATI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 3.13 billion, with total debt at $1.77 billion. Shareholders hold equity totaling $128.59 million.
Let’s look briefly at ATI Inc (ATI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 33.81% to suggest the stock is trending Neutral, with historical volatility in this time period at 26.66%.
The stock’s 5-day moving average is $42.82, reflecting a -5.27% or -$2.35 change from its current price. ATI is currently trading -3.43% above its 20-day SMA, +11.29% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -9.31% and SMA200 by+38.86%.
Stochastic %K and %D was 9.73% and 9.20% and the average true range (ATR) pointed at 1.23. The RSI (14) points at 38.36%, while the 14-day stochastic is at 19.37% with the period’s ATR at 1.21. The stock’s 9-day MACD Oscillator is pointing at -1.33 and -1.77 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for ATI Inc (NYSE: ATI), Northcoast launched coverage with a Buy rating. Analysts offering their rating for ATI stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate ATI as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 7 have offered a “buy” rating.
What is ATI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $49.00 and a high of $54.00, with their median price target at $52.00. Looking at these predictions, the average price target given by analysts is for ATI Inc (ATI) stock is $51.43.
