The stock price of Aterian Inc (NASDAQ: ATER) has jumped by 13.11 compared to previous close of 3.05. Despite this, the company has seen a gain of 24.55% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-09 that Aterian, Inc. (NASDAQ:ATER ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Ilya Grozovsky – Vice President, Investor Relations & Corporate Development Arturo Rodriguez – Chief Executive Officer Josh Feldman – Chief Financial Officer Conference Call Participants Brian Kinstlinger – Alliance Global Partners Alex Furman – Craig Hallum Capital Group Operator Thank you for standing by. My name is Kathy and I will be your conference operator today.
Is It Worth Investing in Aterian Inc (NASDAQ: ATER) Right Now?
ATER has 36-month beta value of 2.02. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ATER is 6.66M, and currently, short sellers hold a 5.83% ratio of that float. The average trading volume of ATER on August 12, 2024 was 128.94K shares.
ATER’s Market Performance
ATER’s stock has seen a 24.55% increase for the week, with a 29.21% rise in the past month and a 19.38% gain in the past quarter. The volatility ratio for the week is 9.57%, and the volatility levels for the past 30 days are at 8.30% for Aterian Inc The simple moving average for the past 20 days is 17.93% for ATER’s stock, with a 1.13% simple moving average for the past 200 days.
Analysts’ Opinion of ATER
Many brokerage firms have already submitted their reports for ATER stocks, with Craig Hallum repeating the rating for ATER by listing it as a “Buy.” The predicted price for ATER in the upcoming period, according to Craig Hallum is $3 based on the research report published on January 30, 2023 of the previous year 2023.
ROTH Capital, on the other hand, stated in their research note that they expect to see ATER reach a price target of $5.50. The rating they have provided for ATER stocks is “Neutral” according to the report published on August 10th, 2021.
ATER Trading at 30.20% from the 50-Day Moving Average
After a stumble in the market that brought ATER to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -47.29% of loss for the given period.
Volatility was left at 8.30%, however, over the last 30 days, the volatility rate increased by 9.57%, as shares surge +25.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.36% upper at present.
During the last 5 trading sessions, ATER rose by +24.55%, which changed the moving average for the period of 200-days by -0.93% in comparison to the 20-day moving average, which settled at $2.96. In addition, Aterian Inc saw -17.50% 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 ATER starting from Zahut Roi Zion, who sale 20,082 shares at the price of $0.44 back on Mar 13 ’24. After this action, Zahut Roi Zion now owns 1,301,840 shares of Aterian Inc, valued at $8,836 using the latest closing price.
Harlam Bari A, the Director of Aterian Inc, sale 51,742 shares at $0.31 during a trade that took place back on Dec 14 ’23, which means that Harlam Bari A is holding 306,395 shares at $16,040 based on the most recent closing price.
Stock Fundamentals for ATER
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.55 for the gross margin
The net margin for Aterian Inc stands at -0.19. The total capital return value is set at -0.11. Equity return is now at value -58.34, with -30.50 for asset returns.
Based on Aterian Inc (ATER), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at -0.16. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is -2.34.
Currently, EBITDA for the company is -32.58 million with net debt to EBITDA at 6.11. When we switch over and look at the enterprise to sales, we see a ratio of 0.15. The receivables turnover for the company is 32.05for trailing twelve months and the total asset turnover is 2.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.68.
Conclusion
To put it simply, Aterian Inc (ATER) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
