In the latest trading session, 2,709,005 Atomera Incorporated(NASDAQ:ATOM) shares changed hands as the company’s beta touched 1.88. With the company’s most recent per share price at $22.46 changing hands around $6.56 or 0.41% at last look, the market valuation stands at $477.66 Million. ATOM’s current price is a discount, trading about -2.4% off its 52-week high of $23. The share price had its 52-week low at $2.53, which suggests the recent value is88.74% up since then. When we look at Atomera Incorporated’s average trading volume, we note the 10-day average is 540.88 Million shares, with the 3-month average coming to 364.97 Million.
Analysts gave the Atomera Incorporated (ATOM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2. If we narrow down to specifics, the data shows that none out of 1 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, none recommended ATOM as a Hold, 1 felt it is a Buy and none rated the stock as Underweight. Atomera Incorporated’s EPS for the current quarter is expected to be -$0.19.
Instantly ATOM is in green as seen in intraday trades today. With action 41.26%, the performance over the past five days has been green. The jump to weekly highs of $20.42 on Tuesday, Jan 05 added 0.31% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.27%, with the 5-day performance at 0.36% in the green. However, in the 30-day time frame, Atomera Incorporated (NASDAQ:ATOM) is 1% up. Looking at the short shares, we see there were 2.38 Million shares sold at short interest cover period of 0.01 days.
The consensus price target for the stock as assigned by Wall Street analysts is $14, meaning bulls need a downside of -37.67% from its recent market value. According to analyst projections, ATOM’s forecast low is $14 with $14 as the target high. To hit the forecast high, the stock’s price needs a -37.67% upsurge from its latest level, while the stock would need to tank -37.67% for it to hit the projected low.
Atomera Incorporated (ATOM) estimates and forecasts
Data shows that the Atomera Incorporated share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot +74.73% over the past 6 months. But despite this, analysts have looked to lower expectations by downgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Atomera Incorporated will drop -5.6%, while the growth in revenue is estimated to hit 13.6% for the next quarter. Year-over-year growth is forecast to reach -75.6% down from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $100Million. 1 analysts are of the opinion that Atomera Incorporated’s revenue for the quarter ending March 01, 2021 will be $500Million. The company’s revenue for the corresponding quarters a year ago was $138Million and $62Million respectively. According to analysts, the company will likely register a drop in its current quarter sales, forecast at -27.5%. The estimates for the next quarter sales put growth at 706.5%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -20%. The 2021 estimates are for Atomera Incorporated earnings to increase by 17.7%, but the outlook for the next 5-year period is at 0% per year.
Atomera Incorporated (NASDAQ:ATOM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 19.26% of Atomera Incorporated shares while 24.77% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 30.68%. There are 77 institutions holding the Atomera Incorporated stock share, with Blackrock Inc. the top institutional holder. As of Sep 29, 2020, the company held 5% of the shares, roughly 1.07 Million ATOM shares worth $11.21 Million.
Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 3.53% or 756.94 Thousand shares worth $7.91 Million as of Sep 29, 2020.
Among Mutual Funds, the top two as of Sep 29, 2020 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 492268 shares estimated at $5.14 Million under it, the former controlled 2.29% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.73% of the shares, roughly 370.86 Thousand shares worth around $3.48 Million.
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