The Impact of Market Fluctuations on Atricure Inc’s (ATRC) Stock

The stock of Atricure Inc (ATRC) has gone down by -8.97% for the week, with a -29.42% drop in the past month and a -25.03% drop in the past quarter. The volatility ratio for the week is 4.94%, and the volatility levels for the past 30 days are 4.71% for ATRC. The simple moving average for the last 20 days is -17.98% for ATRC stock, with a simple moving average of -34.24% for the last 200 days.

Is It Worth Investing in Atricure Inc (NASDAQ: ATRC) Right Now?

Moreover, the 36-month beta value for ATRC is 1.38. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”

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The public float for ATRC is 46.70M and currently, short sellers hold a 6.37% of that float. On April 04, 2024, ATRC’s average trading volume was 654.47K shares.

ATRC) stock’s latest price update

The stock price of Atricure Inc (NASDAQ: ATRC) has plunged by -2.68 when compared to previous closing price of 27.21, but the company has seen a -8.97% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-02-15 that AtriCure, Inc. (ATRC) Q4 2023 Earnings Call Transcript

Analysts’ Opinion of ATRC

Many brokerage firms have already submitted their reports for ATRC stocks, with JMP Securities repeating the rating for ATRC by listing it as a “Mkt Outperform.” The predicted price for ATRC in the upcoming period, according to JMP Securities is $60 based on the research report published on October 23, 2023 of the previous year 2023.

UBS, on the other hand, stated in their research note that they expect to see ATRC reach a price target of $56. The rating they have provided for ATRC stocks is “Buy” according to the report published on September 29th, 2023.

ATRC Trading at -20.07% from the 50-Day Moving Average

After a stumble in the market that brought ATRC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.58% of loss for the given period.

Volatility was left at 4.71%, however, over the last 30 days, the volatility rate increased by 4.94%, as shares sank -29.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.75% lower at present.

During the last 5 trading sessions, ATRC fell by -8.97%, which changed the moving average for the period of 200-days by -46.09% in comparison to the 20-day moving average, which settled at $31.72. In addition, Atricure Inc saw -25.81% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ATRC starting from Noznesky Justin J, who sale 1,500 shares at the price of $30.39 back on Apr 01 ’24. After this action, Noznesky Justin J now owns 72,784 shares of Atricure Inc, valued at $45,585 using the latest closing price.

Dahlquist Karl S., the Chief Legal Officer of Atricure Inc, sale 1,885 shares at $32.16 during a trade that took place back on Mar 18 ’24, which means that Dahlquist Karl S. is holding 50,954 shares at $60,622 based on the most recent closing price.

Stock Fundamentals for ATRC

Current profitability levels for the company are sitting at:

  • -0.07 for the present operating margin
  • 0.75 for the gross margin

The net margin for Atricure Inc stands at -0.08. The total capital return value is set at -0.05. Equity return is now at value -6.60, with -5.08 for asset returns.

Based on Atricure Inc (ATRC), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is 8.02.

Currently, EBITDA for the company is -16.28 million with net debt to EBITDA at 0.44. When we switch over and look at the enterprise to sales, we see a ratio of 3.13. The receivables turnover for the company is 7.6for trailing twelve months and the total asset turnover is 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.57.

Conclusion

To wrap up, the performance of Atricure Inc (ATRC) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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