Atara Biotherapeutics Inc (ATRA) Shares Rise Despite Market Challenges

The stock of Atara Biotherapeutics Inc (NASDAQ: ATRA) has increased by 1.94 when compared to last closing price of 0.57.Despite this, the company has seen a gain of 3.39% in its stock price over the last five trading days. businesswire.com reported 2024-06-05 that THOUSAND OAKS, Calif.–(BUSINESS WIRE)—- $ATRA #CART–Atara Biotherapeutics, Inc. (Nasdaq: ATRA), a leader in T-cell immunotherapy, leveraging its novel allogeneic Epstein-Barr virus (EBV) T-cell platform to develop transformative therapies for patients with cancer and autoimmune diseases, today announced that Pascal Touchon, President and Chief Executive Officer and Cokey Nguyen, Ph.D., Executive Vice President, Chief Scientific & Technical Officer, will participate in a fireside chat at the Goldman Sac.

Is It Worth Investing in Atara Biotherapeutics Inc (NASDAQ: ATRA) Right Now?

Moreover, the 36-month beta value for ATRA is 0.57. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”

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The public float for ATRA is 98.32M and currently, short sellers hold a 11.81% of that float. On June 06, 2024, ATRA’s average trading volume was 1.52M shares.

ATRA’s Market Performance

ATRA’s stock has seen a 3.39% increase for the week, with a -8.07% drop in the past month and a -17.04% fall in the past quarter. The volatility ratio for the week is 8.31%, and the volatility levels for the past 30 days are at 10.84% for Atara Biotherapeutics Inc. The simple moving average for the past 20 days is -4.16% for ATRA’s stock, with a -35.29% simple moving average for the past 200 days.

Analysts’ Opinion of ATRA

Many brokerage firms have already submitted their reports for ATRA stocks, with Mizuho repeating the rating for ATRA by listing it as a “Neutral.” The predicted price for ATRA in the upcoming period, according to Mizuho is $1 based on the research report published on November 09, 2023 of the previous year 2023.

ATRA Trading at -12.71% from the 50-Day Moving Average

After a stumble in the market that brought ATRA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -77.16% of loss for the given period.

Volatility was left at 10.84%, however, over the last 30 days, the volatility rate increased by 8.31%, as shares sank -3.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.57% lower at present.

During the last 5 trading sessions, ATRA rose by +3.39%, which changed the moving average for the period of 200-days by -61.14% in comparison to the 20-day moving average, which settled at $0.6029. In addition, Atara Biotherapeutics Inc saw 12.91% 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 ATRA starting from Touchon Pascal, who sale 81,506 shares at the price of $0.62 back on May 16 ’24. After this action, Touchon Pascal now owns 1,829,146 shares of Atara Biotherapeutics Inc, valued at $50,289 using the latest closing price.

Nguyen AnhCo, the EVP, Chief Sci. & Tech Officer of Atara Biotherapeutics Inc, sale 42,899 shares at $0.62 during a trade that took place back on May 16 ’24, which means that Nguyen AnhCo is holding 898,498 shares at $26,469 based on the most recent closing price.

Stock Fundamentals for ATRA

Current profitability levels for the company are sitting at:

  • -6.36 for the present operating margin
  • 0.69 for the gross margin

The net margin for Atara Biotherapeutics Inc stands at -6.72. The total capital return value is set at 14.32. Equity return is now at value -2014.86, with -99.76 for asset returns.

Based on Atara Biotherapeutics Inc (ATRA), the company’s capital structure generated -1.04 points at debt to capital in total, while cash flow to debt ratio is standing at -3.67. The debt to equity ratio resting at -0.51. The interest coverage ratio of the stock is -43.28.

Currently, EBITDA for the company is -264.45 million with net debt to EBITDA at -0.27. When we switch over and look at the enterprise to sales, we see a ratio of 3.65. The receivables turnover for the company is 0.96for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.59.

Conclusion

To wrap up, the performance of Atara Biotherapeutics Inc (ATRA) has been mixed in recent times. The stock has received a mixed 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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