Atricure Inc [ATRC] stock is trading at $23.87, down -0.17%. 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 ATRC shares have gain 14.16% over the last week, with a monthly amount drifted -3.24%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Atricure Inc [NASDAQ: ATRC] stock has seen the most recent analyst activity on April 23, 2024, when Oppenheimer upgraded its rating to a Outperform but kept the price target unchanged to $32 for it. Previously, JMP Securities started tracking the stock with Mkt Outperform rating on October 23, 2023, and set its price target to $60. On September 29, 2023, UBS initiated with a Buy rating and assigned a price target of $56 on the stock. Oppenheimer downgraded its rating to a Perform. Needham reiterated its recommendation of a Buy and raised its price target to $63 on December 18, 2020. Needham reiterated a Buy rating for this stock on November 06, 2020, and downed its price target to $53. In a note dated April 07, 2020, Oppenheimer initiated an Outperform rating and provided a target price of $45 on this stock.
Atricure Inc [ATRC] stock has fluctuated between $18.94 and $52.12 over the past year. Currently, Wall Street analysts expect the stock to reach $49.57 within the next 12 months. Atricure Inc [NASDAQ: ATRC] shares were valued at $23.87 at the most recent close of the market. An investor can expect a potential return of 107.67% based on the average ATRC price forecast.
Analyzing the ATRC fundamentals
Atricure Inc [NASDAQ:ATRC] reported sales of 429.95M for the trailing twelve months, which represents a growth of 15.21%. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at -0.08%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.09 and Total Capital is -0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.14.
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 23.42 points at the first support level, and at 22.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.38, and for the 2nd resistance point, it is at 24.88.
Ratios To Look Out For
For context, Atricure Inc’s Current Ratio is 4.13. Further, the Quick Ratio stands at 2.93, while the Cash Ratio is 1.73. Considering the valuation of this stock, the price to sales ratio is 2.70, the price to book ratio is 2.51.
Transactions by insiders
Recent insider trading involved Yuen Maggie, Director, that happened on Aug 15 ’24 when 3500.0 shares were purchased. Chief Technical Officer, Privitera Salvatore completed a deal on May 30 ’24 to buy 5000.0 shares. Meanwhile, Chief Mktg & Strategy Officer Noznesky Justin J sold 1500.0 shares on May 01 ’24.
