The stock has a 36-month beta value of 0.78. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ATAI is 117.07M, and at present, short sellers hold a 8.10% of that float. On October 11, 2024, the average trading volume of ATAI was 598.43K shares.
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ATAI) stock’s latest price update
The stock price of ATAI Life Sciences N.V. (NASDAQ: ATAI) has plunged by -0.92 when compared to previous closing price of 1.09, but the company has seen a 1.89% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-02 that MONTRÉAL, Oct. 02, 2024 (GLOBE NEWSWIRE) — IntelGenx Technologies Corp. (the “Company” or “IntelGenx”), a leading drug delivery company focused on the development and manufacturing of pharmaceutical films, announces that the Company and its subsidiary IntelGenx Corp. (“IGX” and, together with the Company, the “IGX Entities”) have obtained on September 30, 2024 an approval and vesting order (the “Approval and Vesting Order”) from the Superior Court of Québec (Commercial Division) (the “Court”) issued in connection with the previously announced proceedings instituted pursuant to the Companies’ Creditors Arrangement Act (the “CCAA”).
ATAI’s Market Performance
ATAI’s stock has risen by 1.89% in the past week, with a monthly drop of -13.60% and a quarterly drop of -29.87%. The volatility ratio for the week is 6.50% while the volatility levels for the last 30 days are 5.27% for ATAI Life Sciences N.V. The simple moving average for the last 20 days is -8.05% for ATAI stock, with a simple moving average of -33.68% for the last 200 days.
Analysts’ Opinion of ATAI
Many brokerage firms have already submitted their reports for ATAI stocks, with Maxim Group repeating the rating for ATAI by listing it as a “Buy.” The predicted price for ATAI in the upcoming period, according to Maxim Group is $6 based on the research report published on April 03, 2024 of the current year 2024.
Loop Capital, on the other hand, stated in their research note that they expect to see ATAI reach a price target of $18. The rating they have provided for ATAI stocks is “Buy” according to the report published on November 01st, 2022.
Maxim Group gave a rating of “Buy” to ATAI, setting the target price at $25 in the report published on November 30th of the previous year.
ATAI Trading at -12.65% from the 50-Day Moving Average
After a stumble in the market that brought ATAI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -62.11% of loss for the given period.
Volatility was left at 5.27%, however, over the last 30 days, the volatility rate increased by 6.50%, as shares sank -12.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.32% lower at present.
During the last 5 trading sessions, ATAI rose by +1.89%, which changed the moving average for the period of 200-days by -22.86% in comparison to the 20-day moving average, which settled at $1.1745. In addition, ATAI Life Sciences N.V. saw -23.40% 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 ATAI starting from ATAI Life Sciences N.V., who sale 2,660,000 shares at the price of $6.05 back on Sep 26 ’24. After this action, ATAI Life Sciences N.V. now owns 6,905,774 shares of ATAI Life Sciences N.V., valued at $16,093,000 using the latest closing price.
Brand Florian, the of ATAI Life Sciences N.V., sale 151,303 shares at $1.92 during a trade that took place back on May 16 ’24, which means that Brand Florian is holding 328,697 shares at $290,502 based on the most recent closing price.
Stock Fundamentals for ATAI
Current profitability levels for the company are sitting at:
- -291.29 for the present operating margin
- 0.1 for the gross margin
The net margin for ATAI Life Sciences N.V. stands at -153.63. The total capital return value is set at -0.56. Equity return is now at value -30.53, with -24.74 for asset returns.
Based on ATAI Life Sciences N.V. (ATAI), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at -4.67. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is -39.81.
Currently, EBITDA for the company is -125.15 million with net debt to EBITDA at 0.15. When we switch over and look at the enterprise to sales, we see a ratio of 435.11. The receivables turnover for the company is 0.03for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.68.
Conclusion
To sum up, ATAI Life Sciences N.V. (ATAI) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
