The stock price of Atomera Inc (NASDAQ: ATOM) has dropped by -3.39 compared to previous close of 6.35. Despite this, the company has seen a gain of 16.86% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-29 that Atomera Incorporated (NASDAQ:ATOM ) Q3 2024 Earnings Conference Call October 29, 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 Hallum Mike Bishop Hello, everyone and welcome to Atomera’s Third 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.
Is It Worth Investing in Atomera Inc (NASDAQ: ATOM) Right Now?
Moreover, the 36-month beta value for ATOM is 1.57. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ATOM is 27.37M and currently, short sellers hold a 11.65% of that float. On November 14, 2024, ATOM’s average trading volume was 246.07K shares.
ATOM’s Market Performance
The stock of Atomera Inc (ATOM) has seen a 16.86% increase in the past week, with a 69.48% rise in the past month, and a 110.82% gain in the past quarter. The volatility ratio for the week is 11.89%, and the volatility levels for the past 30 days are at 9.75% for ATOM. The simple moving average for the past 20 days is 38.06% for ATOM’s stock, with a 37.03% 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 77.51% 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 -33.24% of loss for the given period.
Volatility was left at 9.75%, however, over the last 30 days, the volatility rate increased by 11.89%, as shares surge +89.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +148.84% upper at present.
During the last 5 trading sessions, ATOM rose by +22.29%, which changed the moving average for the period of 200-days by -18.32% in comparison to the 20-day moving average, which settled at $4.46. In addition, Atomera Inc saw -12.48% 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:
- -29.1 for the present operating margin
- -0.39 for the gross margin
The net margin for Atomera Inc stands at -27.73. The total capital return value is set at -1.15. Equity return is now at value -103.84, with -81.65 for asset returns.
Based on Atomera Inc (ATOM), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at -9.03. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is -131.03.
Currently, EBITDA for the company is -18.16 million with net debt to EBITDA at 0.66. When we switch over and look at the enterprise to sales, we see a ratio of 257.02. The receivables turnover for the company is 10.68for 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 5.25.
Conclusion
To wrap up, the performance of Atomera Inc (ATOM) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
