At the time of writing, Atricure Inc [ATRC] stock is trading at $29.43, up 2.37%. An important factor to consider is whether the stock is rising or falling in short-term value. The ATRC shares have gain 2.79% over the last week, with a monthly amount glided 4.96%, and 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.
For the past year, the stock price of Atricure Inc fluctuated between $18.94 and $43.00. Currently, Wall Street analysts expect the stock to reach $49.57 within the next 12 months. Atricure Inc [NASDAQ: ATRC] shares were valued at $29.43 at the most recent close of the market. An investor can expect a potential return of 68.43% based on the average ATRC price forecast.
Analyzing the ATRC fundamentals
According to Atricure Inc [NASDAQ:ATRC], the company’s sales were 429.95M for trailing twelve months, which represents an 15.21% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.14.
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 28.60 points at the first support level, and at 27.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.92, and for the 2nd resistance point, it is at 30.42.
Ratios To Look Out For
It is important to note that Atricure Inc [NASDAQ:ATRC] has a current ratio of 4.13. On the other hand, the Quick Ratio is 2.93, and the Cash Ratio is 1.73. Considering the valuation of this stock, the price to sales ratio is 3.33, the price to book ratio is 3.10.
Transactions by insiders
Recent insider trading involved Yuen Maggie, Director, that happened on Aug 15 ’24 when 3500.0 shares were sold. Director, Yuen Maggie completed a deal on Aug 15 ’24 to buy 3500.0 shares. Meanwhile, Chief Technical Officer Privitera Salvatore bought 5000.0 shares on May 30 ’24.
