ATI Inc [ATI] stock is trading at $61.38, up 3.11%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ATI shares have gain 2.66% over the last week, with a monthly amount drifted -1.08%, 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 September 05, 2024, when Susquehanna initiated its Positive rating and assigned the stock a price target of $75. Previously, BTIG Research started tracking the stock with Buy rating on June 26, 2024, and set its price target to $70. On June 14, 2024, downgrade downgraded it’s rating to Sell. Deutsche Bank started tracking the stock assigning a Buy rating and suggested a price target of $70 on April 11, 2024. Northcoast initiated its recommendation with a Buy and recommended $54 as its price target on July 20, 2023. Wolfe Research upgraded its rating to Outperform for this stock on August 05, 2022, but kept the price target unchanged to $33. In a note dated January 11, 2022, Cowen upgraded an Outperform rating on this stock and boosted its target price from $22 to $23.
ATI Inc [ATI] stock has fluctuated between $35.03 and $68.92 over the past year. Currently, Wall Street analysts expect the stock to reach $64 within the next 12 months. ATI Inc [NYSE: ATI] shares were valued at $61.38 at the most recent close of the market. An investor can expect a potential return of 4.27% based on the average ATI price forecast.
Analyzing the ATI fundamentals
ATI Inc [NYSE:ATI] reported sales of 4.23B for the trailing twelve months, which represents a growth of 4.71%. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.05%, 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 0.28 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.6.
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 59.55 points at the first support level, and at 57.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 62.39, and for the 2nd resistance point, it is at 63.41.
Ratios To Look Out For
For context, ATI Inc’s Current Ratio is 2.13. As well, the Quick Ratio is 1.07, while the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 1.81, the price to book ratio is 6.04 and price to earnings (TTM) ratio is 24.05.
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 12 ’24 to sell 6325.0 shares. Meanwhile, Senior VP and CDIO Harris Timothy J sold 6325.0 shares on Feb 13 ’24.
