The price-to-earnings ratio for ATI Inc (NYSE: ATI) is above average at 25.34x. The 36-month beta value for ATI is also noteworthy at 1.05. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The public float for ATI is 122.62M, and at present, short sellers hold a 4.13% of that float. The average trading volume of ATI on September 20, 2024 was 1.60M shares.
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ATI) stock’s latest price update
ATI Inc (NYSE: ATI)’s stock price has increased by 3.85 compared to its previous closing price of 62.28. However, the company has seen a 3.99% increase in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-17 that Aclaris Therapeutics Announces First Patient Dosed in Phase 2a Clinical Trial of ATI-2138, an Investigational Oral Covalent ITK/JAK3 Inhibitor for the Trea
ATI’s Market Performance
ATI’s stock has risen by 3.99% in the past week, with a monthly rise of 2.00% and a quarterly rise of 18.74%. The volatility ratio for the week is 2.99% while the volatility levels for the last 30 days are 3.19% for ATI Inc The simple moving average for the past 20 days is 3.45% for ATI’s stock, with a 22.04% simple moving average for the past 200 days.
Analysts’ Opinion of ATI
Many brokerage firms have already submitted their reports for ATI stocks, with Susquehanna repeating the rating for ATI by listing it as a “Positive.” The predicted price for ATI in the upcoming period, according to Susquehanna is $75 based on the research report published on September 05, 2024 of the current year 2024.
BTIG Research, on the other hand, stated in their research note that they expect to see ATI reach a price target of $70. The rating they have provided for ATI stocks is “Buy” according to the report published on June 26th, 2024.
ATI Trading at 3.93% 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 -6.15% of loss for the given period.
Volatility was left at 3.19%, however, over the last 30 days, the volatility rate increased by 2.99%, as shares sank -0.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.73% upper at present.
During the last 5 trading sessions, ATI rose by +3.99%, which changed the moving average for the period of 200-days by +50.21% in comparison to the 20-day moving average, which settled at $62.49. In addition, ATI Inc saw 42.25% 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 WETHERBEE ROBERT S, who sale 25,000 shares at the price of $61.61 back on Sep 16 ’24. After this action, WETHERBEE ROBERT S now owns 511,443 shares of ATI Inc, valued at $1,540,250 using the latest closing price.
WETHERBEE ROBERT S, the Officer of ATI Inc, proposed sale 25,000 shares at $61.61 during a trade that took place back on Sep 16 ’24, which means that WETHERBEE ROBERT S is holding shares at $1,540,250 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 0.13. Equity return is now at value 28.98, with 7.90 for asset returns.
Based on ATI Inc (ATI), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 1.6. The interest coverage ratio of the stock is 143.29.
Currently, EBITDA for the company is 466.4 million with net debt to EBITDA at 3.13. When we switch over and look at the enterprise to sales, we see a ratio of 1.66. The receivables turnover for the company is 7.33for trailing twelve months and the total asset turnover is 1.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.13.
Conclusion
In summary, ATI Inc (ATI) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
