The 36-month beta value for ATOM is also noteworthy at 1.52. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ATOM is 26.44M, and at present, short sellers hold a 9.27% of that float. The average trading volume of ATOM on September 19, 2024 was 221.76K shares.
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ATOM) stock’s latest price update
Atomera Inc (NASDAQ: ATOM)’s stock price has gone decline by -5.84 in comparison to its previous close of 2.74, however, the company has experienced a -1.15% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-07-30 that Atomera Incorporated (NASDAQ:ATOM ) Q2 2024 Results Conference Call July 30, 2024 5:00 PM ET Company Participants Mike Bishop – Investor Relations Scott Bibaud – President and Chief Executive Officer Frank Laurencio – Chief Financial Officer Conference Call Participants Richard Shannon – Craig Hallam Mike Bishop Hello, everyone and welcome to Atomera’s Second Quarter Fiscal Year 2024 Update Call. I’d like to remind everyone that this call and webinar are being recorded, and a replay will be available on Atomera’s IR website for one year.
ATOM’s Market Performance
ATOM’s stock has fallen by -1.15% in the past week, with a monthly drop of -14.57% and a quarterly drop of -32.99%. The volatility ratio for the week is 8.96% while the volatility levels for the last 30 days are 6.20% for Atomera Inc The simple moving average for the past 20 days is -4.43% for ATOM’s stock, with a -50.49% simple moving average for the past 200 days.
Analysts’ Opinion of ATOM
Many brokerage firms have already submitted their reports for ATOM stocks, with Craig Hallum repeating the rating for ATOM by listing it as a “Buy.” The predicted price for ATOM in the upcoming period, according to Craig Hallum is $28 based on the research report published on June 09, 2021 of the previous year 2021.
ATOM Trading at -17.63% from the 50-Day Moving Average
After a stumble in the market that brought ATOM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -71.93% of loss for the given period.
Volatility was left at 6.20%, however, over the last 30 days, the volatility rate increased by 8.96%, as shares sank -12.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -34.85% lower at present.
During the last 5 trading sessions, ATOM fell by -1.15%, which changed the moving average for the period of 200-days by -62.55% in comparison to the 20-day moving average, which settled at $2.68. In addition, Atomera Inc saw -63.20% 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 ATOM starting from Laurencio Francis, who sale 2,554 shares at the price of $2.58 back on Sep 03 ’24. After this action, Laurencio Francis now owns 95,800 shares of Atomera Inc, valued at $6,589 using the latest closing price.
Mears Robert J, the Chief Technology Officer of Atomera Inc, sale 2,269 shares at $2.58 during a trade that took place back on Sep 03 ’24, which means that Mears Robert J is holding 132,694 shares at $5,854 based on the most recent closing price.
Stock Fundamentals for ATOM
Current profitability levels for the company are sitting at:
- -30.96 for the present operating margin
- -0.55 for the gross margin
The net margin for Atomera Inc stands at -29.38. The total capital return value is set at -1.06. Equity return is now at value -92.35, with -73.94 for asset returns.
Based on Atomera Inc (ATOM), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at -4.74. The debt to equity ratio resting at 0.17. The interest coverage ratio of the stock is -120.82.
Currently, EBITDA for the company is -19.24 million with net debt to EBITDA at 0.63. When we switch over and look at the enterprise to sales, we see a ratio of 93.97. The receivables turnover for the company is 8.0for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.03.
Conclusion
In summary, Atomera Inc (ATOM) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
