With 3.33 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.4 million shares. During the session, the Metal Fabrication company that operates in wider Industrials sector, reached to the highest price of $58.14 whereas the lowest price it dropped to was $54.905. The 52-week range on ATI shows that it touched its highest point at $68.92 and its lowest point at $38.04 during that stretch. It currently has a 1-year price target of $71.33. Beta for the stock currently stands at 1.07.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ATI was up-trending over the past week, with a rise of 7.19%, but this was down by -9.20% over a month. Three-month performance dropped to -6.35% while six-month performance fell -3.47%. The stock gained 36.95% in the past year, while it has gained 27.80% so far this year. A look at the trailing 12-month EPS for ATI yields 2.61 with Next year EPS estimates of 2.94. For the next quarter, that number is 0.62. This implies an EPS growth rate of -10.22% for this year and 28.06% for next year. EPS is expected to grow by 12.75% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 11.74%.
Float and Shares Shorts:
At present, 142.64 million ATI shares are outstanding with a float of 140.77 million shares on hand for trading. On 2024-10-15, short shares totaled 1.92 million, which was 135.0 higher than short shares on 1726185600. In addition to Mr. Robert S. Wetherbee as the firm’s Executive Chairman, Ms. Kimberly A. Fields serves as its President, CEO & Director.
Institutional Ownership:
Through their ownership of 0.93741995 of ATI’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-29, ATI reported revenue of $1051200000.0 and operating income of $142400000.0. The EBITDA in the recently reported quarter was $177900000.0 and diluted EPS was $0.57.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ATI since 9 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ATI analysts setting a high price target of 80.0 and a low target of 64.0, the average target price over the next 12 months is 70.9. Based on these targets, ATI could surge 37.67% to reach the target high and rise by 10.14% to reach the target low. Reaching the average price target will result in a growth of 22.01% from current levels.
Analysts have provided yearly estimates in a range of $2.42551 being high and $2.20057 being low. For ATI, this leads to a yearly average estimate of $2.29837. The surprise factor in the prior quarter was $0.58. Based on analyst estimates, the high estimate for the next quarter is $0.66 and the low estimate is $0.52. The average estimate for the next quarter is thus $0.61.
