A share price of ATI Inc [ATI] is currently trading at $51.00, up 2.72%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ATI shares have gain 3.70% over the last week, with a monthly amount glided 30.60%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 6, March 2024, ATI CFO Don Newman to speak at 2024 JP Morgan Industrials Conference. In a post published today on Yahoo Finance, ATI Inc. (NYSE: ATI) Chief Financial Officer Don Newman will speak at the 2024 JP Morgan Industrials Conference in New York City, New York, on March 13, 2024 at 12:00 p.m. ET.
From an analyst’s perspective:
ATI Inc [NYSE: ATI] stock has seen the most recent analyst activity on July 20, 2023, when Northcoast initiated its Buy rating and assigned the stock a price target of $54. Previously, Wolfe Research upgraded its rating to Outperform on August 05, 2022, and kept the price target unchanged to $33. On January 11, 2022, upgrade upgraded it’s rating to Outperform and revised its price target to $23 on the stock. Berenberg upgraded its rating to a Buy but stick to its price target of $25 on January 07, 2022. Wolfe Research initiated its recommendation with a Peer Perform and recommended $18 as its price target on November 17, 2021. JP Morgan upgraded its rating to Overweight for this stock on October 15, 2021, and downed its price target to $23. In a note dated July 07, 2021, BofA Securities upgraded an Neutral rating on this stock and boosted its target price from $15 to $22.
ATI Inc experienced fluctuations in its stock price throughout the past year between $34.10 and $50.75. Currently, Wall Street analysts expect the stock to reach $39.5 within the next 12 months. ATI Inc [NYSE: ATI] shares were valued at $51.00 at the most recent close of the market. An investor can expect a potential drop of -22.55% based on the average ATI price forecast.
Analyzing the ATI fundamentals
Trailing Twelve Months sales for ATI Inc [NYSE:ATI] were 4.17B which represents 5.30% growth. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.3 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.59.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 50.38 points at the first support level, and at 49.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.44, and for the 2nd resistance point, it is at 51.87.
ATI Inc [ATI] reported earnings per share of $0.64 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.62/share, meaning a difference of $0.02 and a surprise factor of 3.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.55 per share as compared to estimates of $0.53 per share, a difference of $0.02 representing a surprise of 3.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for ATI Inc [NYSE:ATI] is 2.80. Further, the Quick Ratio stands at 1.53, while the Cash Ratio is 0.76. Considering the valuation of this stock, the price to sales ratio is 1.56, the price to book ratio is 4.71 and price to earnings (TTM) ratio is 20.21.
Transactions by insiders
Recent insider trading involved Davis Elliot S, Chief Legal & Compl. Officer, that happened on Feb 29 ’24 when 45351.0 shares were sold. Senior VP and CDIO, Harris Timothy J completed a deal on Feb 13 ’24 to sell 6325.0 shares. Meanwhile, Senior VP and CDIO Harris Timothy J sold 6325.0 shares on Feb 12 ’24.
