The stock price of ATI Inc (NYSE: ATI) has dropped by -1.91 compared to previous close of 59.78. Despite this, the company has seen a gain of 1.33% in its stock price over the last five trading days. zacks.com reported 2024-07-10 that Allegheny Technologies (ATI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Is It Worth Investing in ATI Inc (NYSE: ATI) Right Now?
ATI Inc (NYSE: ATI) has a price-to-earnings ratio that is above its average at 23.44x. The stock has a 36-month beta value of 1.07. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 2 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for ATI is 122.60M, and at present, short sellers hold a 5.58% of that float. On July 18, 2024, the average trading volume of ATI was 1.73M shares.
ATI’s Market Performance
ATI stock saw an increase of 1.33% in the past week, with a monthly gain of 6.87% and a quarterly increase of 15.59%. The volatility ratio for the week is 3.63%, and the volatility levels for the last 30 days are 3.33% for ATI Inc (ATI). The simple moving average for the last 20 days is 3.22% for ATI’s stock, with a simple moving average of 21.66% for the last 200 days.
Analysts’ Opinion of ATI
Many brokerage firms have already submitted their reports for ATI stocks, with BTIG Research repeating the rating for ATI by listing it as a “Buy.” The predicted price for ATI in the upcoming period, according to BTIG Research is $70 based on the research report published on June 26, 2024 of the current year 2024.
Deutsche Bank gave a rating of “Buy” to ATI, setting the target price at $70 in the report published on April 11th of the current year.
ATI Trading at 0.35% 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 -6.08% of loss for the given period.
Volatility was left at 3.33%, however, over the last 30 days, the volatility rate increased by 3.63%, as shares surge +6.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.52% lower at present.
During the last 5 trading sessions, ATI rose by +1.56%, which changed the moving average for the period of 200-days by +42.83% in comparison to the 20-day moving average, which settled at $56.99. In addition, ATI Inc saw 28.96% 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 30.80, with 8.02 for asset returns.
Based on ATI Inc (ATI), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 1.72. The interest coverage ratio of the stock is -126.76.
Currently, EBITDA for the company is 466.4 million with net debt to EBITDA at 3.39. When we switch over and look at the enterprise to sales, we see a ratio of 1.55. The receivables turnover for the company is 7.47for trailing twelve months and the total asset turnover is 1.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.81.
Conclusion
To sum up, ATI Inc (ATI) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
