A share price of ATI Inc [ATI] is currently trading at $55.91, up 3.04%. An important factor to consider is whether the stock is rising or falling in short-term value. The ATI shares have gain 1.36% over the last week, with a monthly amount drifted -8.85%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
ATI Inc [NYSE: ATI] stock has seen the most recent analyst activity on June 26, 2024, when BTIG Research initiated its Buy rating and assigned the stock a price target of $70. Previously, Northcoast downgraded its rating to Sell on June 14, 2024. On April 11, 2024, Deutsche Bank initiated with a Buy rating and assigned a price target of $70 on the stock. Northcoast started tracking the stock assigning a Buy rating and suggested a price target of $54 on July 20, 2023. Wolfe Research upgraded its rating to a Outperform but $33 remained the price target by the analyst firm on August 05, 2022. Cowen upgraded its rating to Outperform for this stock on January 11, 2022, and upped its price target to $23. In a note dated January 07, 2022, Berenberg upgraded an Buy rating on this stock but restated the target price of $25.
ATI Inc experienced fluctuations in its stock price throughout the past year between $35.03 and $62.44. Currently, Wall Street analysts expect the stock to reach $60.33 within the next 12 months. ATI Inc [NYSE: ATI] shares were valued at $55.91 at the most recent close of the market. An investor can expect a potential return of 7.91% based on the average ATI price forecast.
Analyzing the ATI fundamentals
Trailing Twelve Months sales for ATI Inc [NYSE:ATI] were 4.18B which represents 0.46% 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 0.08, Equity is 0.29 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 1.72.
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 54.53 points at the first support level, and at 53.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.65, and for the 2nd resistance point, it is at 57.40.
Ratios To Look Out For
To put it in perspective, the Current Ratio for ATI Inc [NYSE:ATI] is 2.81. On the other hand, the Quick Ratio is 1.37, and the Cash Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 1.67, the price to book ratio is 5.51 and price to earnings (TTM) ratio is 22.35.
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.
