The price-to-earnings ratio for ATI Inc (NYSE: ATI) is 19.51x, which is above its average ratio. Moreover, the 36-month beta value for ATI is 1.23. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for ATI is 126.00M and currently, short sellers hold a 5.06% of that float. On April 25, 2024, ATI’s average trading volume was 1.35M shares.
ATI) stock’s latest price update
ATI Inc (NYSE: ATI)’s stock price has plunge by 0.24relation to previous closing price of 49.10. Nevertheless, the company has seen a -2.98% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-23 that Allegheny Technologies (ATI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
ATI’s Market Performance
ATI Inc (ATI) has seen a -2.98% fall in stock performance for the week, with a -1.46% decline in the past month and a 14.60% surge in the past quarter. The volatility ratio for the week is 2.79%, and the volatility levels for the past 30 days are at 2.63% for ATI. The simple moving average for the last 20 days is -3.28% for ATI stock, with a simple moving average of 11.06% for the last 200 days.
Analysts’ Opinion of ATI
Many brokerage firms have already submitted their reports for ATI stocks, with Deutsche Bank repeating the rating for ATI by listing it as a “Buy.” The predicted price for ATI in the upcoming period, according to Deutsche Bank is $70 based on the research report published on April 11, 2024 of the current year 2024.
Northcoast, on the other hand, stated in their research note that they expect to see ATI reach a price target of $54. The rating they have provided for ATI stocks is “Buy” according to the report published on July 20th, 2023.
Wolfe Research gave a rating of “Outperform” to ATI, setting the target price at $33 in the report published on August 05th of the previous year.
ATI Trading at 0.28% from the 50-Day Moving Average
After a stumble in the market that brought ATI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.09% of loss for the given period.
Volatility was left at 2.63%, however, over the last 30 days, the volatility rate increased by 2.79%, as shares sank -1.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.25% upper at present.
During the last 5 trading sessions, ATI fell by -2.98%, which changed the moving average for the period of 200-days by +6.88% in comparison to the 20-day moving average, which settled at $50.84. In addition, ATI Inc saw 8.25% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ATI starting from Davis Elliot S, who sale 45,351 shares at the price of $49.12 back on Feb 29 ’24. After this action, Davis Elliot S now owns 123,927 shares of ATI Inc, valued at $2,227,641 using the latest closing price.
Harris Timothy J, the Senior VP and CDIO of ATI Inc, sale 6,325 shares at $41.88 during a trade that took place back on Feb 13 ’24, which means that Harris Timothy J is holding 103,006 shares at $264,891 based on the most recent closing price.
Stock Fundamentals for ATI
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.14 for the gross margin
The net margin for ATI Inc stands at 0.06. The total capital return value is set at 0.12. Equity return is now at value 30.39, with 7.79 for asset returns.
Based on ATI Inc (ATI), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at 1.59. The interest coverage ratio of the stock is -44.85.
Currently, EBITDA for the company is 466.4 million with net debt to EBITDA at 2.82. When we switch over and look at the enterprise to sales, we see a ratio of 1.32. The receivables turnover for the company is 8.57for trailing twelve months and the total asset turnover is 1.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.80.
Conclusion
To wrap up, the performance of ATI Inc (ATI) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
