ATAI Life Sciences N.V (ATAI) stock expected to rise by 272.67%: What’s driving the optimism?

A share price of ATAI Life Sciences N.V [ATAI] is currently trading at $1.61, up 17.52%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ATAI shares have gain 14.18% over the last week, with a monthly amount glided 34.17%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

ATAI Life Sciences N.V [NASDAQ: ATAI] stock has seen the most recent analyst activity on April 03, 2024, when Maxim Group upgraded its rating to a Buy but kept the price target unchanged to $6 for it. Previously, Loop Capital started tracking the stock with Buy rating on November 01, 2022, and set its price target to $18. On November 30, 2021, Maxim Group initiated with a Buy rating and assigned a price target of $25 on the stock. ROTH Capital started tracking the stock assigning a Buy rating and suggested a price target of $32 on November 11, 2021. H.C. Wainwright initiated its recommendation with a Buy and recommended $40 as its price target on October 18, 2021. Jefferies started tracking with a Buy rating for this stock on September 01, 2021, and assigned it a price target of $27. In a note dated July 13, 2021, RBC Capital Mkts initiated an Sector Perform rating and provided a target price of $19 on this stock.

ATAI Life Sciences N.V experienced fluctuations in its stock price throughout the past year between $1.02 and $2.85. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. ATAI Life Sciences N.V [NASDAQ: ATAI] shares were valued at $1.61 at the most recent close of the market. An investor can expect a potential return of 272.67% based on the average ATAI price forecast.

Analyzing the ATAI fundamentals

Trailing Twelve Months sales for ATAI Life Sciences N.V [NASDAQ:ATAI] were 0.33M which represents -54.02% decline. Gross Profit Margin for this corporation currently stands at 0.09% with Operating Profit Margin at -363.84%, Pretax Profit Margin comes in at -439.22%, and Net Profit Margin reading is -441.93%. To continue investigating profitability, this company’s Return on Assets is posted at -0.65, Equity is -0.66 and Total Capital is -0.6. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.15.

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 1.4767 points at the first support level, and at 1.3433 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.6967, and for the 2nd resistance point, it is at 1.7833.

Ratios To Look Out For

To put it in perspective, the Current Ratio for ATAI Life Sciences N.V [NASDAQ:ATAI] is 5.81. In addition, the Quick Ratio stands at 5.81 and the Cash Ratio stands at 1.53. Considering the valuation of this stock, the price to sales ratio is 962.08, the price to book ratio is 1.85.

Transactions by insiders

Recent insider trading involved ATAI Life Sciences N.V., 10% Owner, that happened on Sep 26 ’24 when 2.66 million shares were sold., Brand Florian completed a deal on May 16 ’24 to sell 0.15 million shares. Meanwhile, Chief Financial Officer Johnson Anne Nagengast sold 27410.0 shares on Apr 02 ’24.

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