The stock of Atricure Inc (ATRC) has gone up by 3.03% for the week, with a 24.57% rise in the past month and a 16.28% rise in the past quarter. The volatility ratio for the week is 4.06%, and the volatility levels for the past 30 days are 5.12% for ATRC. The simple moving average for the last 20 days is 12.44% for ATRC stock, with a simple moving average of -8.43% for the last 200 days.
Is It Worth Investing in Atricure Inc (NASDAQ: ATRC) Right Now?
ATRC has 36-month beta value of 1.42. Analysts have mixed views 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 47.09M, and currently, short sellers hold a 7.74% ratio of that float. The average trading volume of ATRC on September 02, 2024 was 879.09K shares.
ATRC) stock’s latest price update
Atricure Inc (NASDAQ: ATRC)’s stock price has plunge by 1.51relation to previous closing price of 25.82. Nevertheless, the company has seen a 3.03% surge in its stock price over the last five trading sessions. zacks.com reported 2024-08-28 that ATRC announces the treatment of the first patient using the AtriClip FLEX-Mini device.
Analysts’ Opinion of ATRC
Many brokerage firms have already submitted their reports for ATRC stocks, with Oppenheimer repeating the rating for ATRC by listing it as a “Outperform.” The predicted price for ATRC in the upcoming period, according to Oppenheimer is $32 based on the research report published on April 23, 2024 of the current year 2024.
JMP Securities, on the other hand, stated in their research note that they expect to see ATRC reach a price target of $60. The rating they have provided for ATRC stocks is “Mkt Outperform” according to the report published on October 23rd, 2023.
UBS gave a rating of “Buy” to ATRC, setting the target price at $56 in the report published on September 29th of the previous year.
ATRC Trading at 13.28% 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 -44.38% of loss for the given period.
Volatility was left at 5.12%, however, over the last 30 days, the volatility rate increased by 4.06%, as shares surge +18.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.29% upper at present.
During the last 5 trading sessions, ATRC rose by +3.03%, which changed the moving average for the period of 200-days by -28.95% in comparison to the 20-day moving average, which settled at $23.52. In addition, Atricure Inc saw -26.56% 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 Yuen Maggie, who sale 3,500 shares at the price of $24.07 back on Aug 15 ’24. After this action, Yuen Maggie now owns 8,970 shares of Atricure Inc, valued at $84,245 using the latest closing price.
Yuen Maggie, the Director of Atricure Inc, proposed sale 3,500 shares at $24.07 during a trade that took place back on Aug 15 ’24, which means that Yuen Maggie is holding shares at $84,245 based on the most recent closing price.
Stock Fundamentals for ATRC
Current profitability levels for the company are sitting at:
- -0.08 for the present operating margin
- 0.74 for the gross margin
The net margin for Atricure Inc stands at -0.09. The total capital return value is set at -0.06. Equity return is now at value -8.68, with -6.73 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 -0.13. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is -10.51.
Currently, EBITDA for the company is -16.28 million with net debt to EBITDA at 1.42. When we switch over and look at the enterprise to sales, we see a ratio of 2.9. The receivables turnover for the company is 7.74for trailing twelve months and the total asset turnover is 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.13.
Conclusion
To put it simply, Atricure Inc (ATRC) has had a mixed performance in recent times. Analysts have a bullish 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.
