There’s a new sense of excitement surrounding ATI Inc. (ATI)

ATI Inc. (NYSE: ATI) closed the day trading at $35.20 up 2.41% from the previous closing price of $34.37. In other words, the price has increased by $+0.83 from its previous closing price. On the day, 852118 shares were traded. ATI stock price reached its highest trading level at $35.23 during the session, while it also had its lowest trading level at $33.91.

Will You Miss Out On This Growth Stock Boom?

A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

And this is just one of our 5 Best Growth Stocks To Own For 2023.



For a better understanding of ATI, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 353.03. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 and its Current Ratio is at 2.90. In the meantime, Its Debt-to-Equity ratio is 2.13 whereas as Long-Term Debt/Eq ratio is at 2.09.

Upgrades & Downgrades

On January 11, 2022, Cowen Upgraded its rating to Outperform which previously was Market Perform and also upped its target price recommendation from $22 to $23.

Berenberg Upgraded its Hold to Buy on January 07, 2022, while the target price for the stock was maintained at $25.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 06 when Davis Elliot S sold 28,572 shares for $30.68 per share. The transaction valued at 876,578 led to the insider holds 160,350 shares of the business.

WETHERBEE ROBERT S sold 15,000 shares of ATI for $453,450 on Nov 01. The Board Chair, President and CEO now owns 333,753 shares after completing the transaction at $30.23 per share. On Oct 03, another insider, WETHERBEE ROBERT S, who serves as the Board Chair, President and CEO of the company, sold 15,000 shares for $27.13 each. As a result, the insider received 406,950 and left with 343,753 shares of the company.

Valuation Measures:

As of this moment, ATI’s Price-to-Earnings (P/E) ratio for their current fiscal year is 370.53, and their Forward P/E ratio for the next fiscal year is 16.91. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.24 while its Price-to-Book (P/B) ratio in mrq is 5.61.

Stock Price History:

Over the past 52 weeks, ATI has reached a high of $35.63, while it has fallen to a 52-week low of $17.71. The 50-Day Moving Average of the stock is 30.66, while the 200-Day Moving Average is calculated to be 28.19.

Shares Statistics:

Over the past 3-months, ATI traded about 1.29M shares per day on average, while over the past 10 days, ATI traded about 1.52M shares per day. A total of 129.80M shares are outstanding, with a floating share count of 128.55M. Shares short for ATI as of Oct 13, 2022 were 14.82M with a Short Ratio of 12.04M, compared to 14.13M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 11.41% and a Short% of Float of 18.86%.

Dividends & Splits

The current Payout Ratio is 0.00% for ATI, which recently paid a dividend on Sep 07, 2016 with an ex-dividend date of Aug 15, 2016. Stock splits for the company last occurred on Nov 29, 1999 when the company split stock in a 1:2 ratio.

Earnings Estimates

Current recommendations for the stock of the company come from 8 analysts. On average, analysts expect EPS of $0.52 for the current quarter, with a high estimate of $0.56 and a low estimate of $0.5, while EPS last year was $0.05. The consensus estimate for the next quarter is $0.6, with high estimates of $0.65 and low estimates of $0.56.

Analysts are recommending an EPS of between $2.13 and $2 for the fiscal current year, implying an average EPS of $2.07. EPS for the following year is $2.39, with 7 analysts recommending between $2.68 and $2.05.

Revenue Estimates

7 analysts predict $942.71M in revenue for the current quarter. It ranges from a high estimate of $999M to a low estimate of $825M. As of the current estimate, ATI Inc.’s year-ago sales were $668.52M, an estimated increase of 41.00% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $965.63M, an increase of 26.20% less than the figure of $41.00% in the same quarter last year. There is a high estimate of $1.03B for the next quarter, whereas the lowest estimate is $909.4M.

A total of 8 analysts have provided revenue estimates for ATI’s current fiscal year. The highest revenue estimate was $3.82B, while the lowest revenue estimate was $3.53B, resulting in an average revenue estimate of $3.7B. In the same quarter a year ago, actual revenue was $2.8B, up 32.10% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $3.99B in the next fiscal year. The high estimate is $4.16B and the low estimate is $3.73B. The average revenue growth estimate for next year is up 7.90% from the average revenue estimate for this year.