It’s Time To Focus On The Long Run With ATI Inc. (ATI) stock

ATI Inc. (NYSE: ATI) closed the day trading at $37.58 up 3.36% from the previous closing price of $36.36. In other words, the price has increased by $+1.22 from its previous closing price. On the day, 2415800 shares were traded. ATI stock price reached its highest trading level at $37.71 during the session, while it also had its lowest trading level at $35.67.

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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 8.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 53.17. For the most recent quarter (mrq), Quick Ratio is recorded 1.30 and its Current Ratio is at 2.60. In the meantime, Its Debt-to-Equity ratio is 1.67 whereas as Long-Term Debt/Eq ratio is at 1.63.

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 Feb 08 when Davis Elliot S sold 9,627 shares for $39.07 per share. The transaction valued at 376,172 led to the insider holds 151,642 shares of the business.

Davis Elliot S sold 28,572 shares of ATI for $876,578 on Dec 06. The Chief Legal & Compl. Officer now owns 160,350 shares after completing the transaction at $30.68 per share. On Nov 01, another insider, WETHERBEE ROBERT S, who serves as the Board Chair, President and CEO of the company, sold 15,000 shares for $30.23 each. As a result, the insider received 453,450 and left with 333,753 shares of the company.

Valuation Measures:

As of this moment, ATI’s Price-to-Earnings (P/E) ratio for their current fiscal year is 50.58, and their Forward P/E ratio for the next fiscal year is 13.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.30 while its Price-to-Book (P/B) ratio in mrq is 4.65.

Stock Price History:

Over the past 52 weeks, ATI has reached a high of $43.32, while it has fallen to a 52-week low of $20.51. The 50-Day Moving Average of the stock is 37.69, while the 200-Day Moving Average is calculated to be 30.40.

Shares Statistics:

Over the past 3-months, ATI traded about 1.40M shares per day on average, while over the past 10 days, ATI traded about 1.53M shares per day. A total of 129.30M shares are outstanding, with a floating share count of 126.99M. Shares short for ATI as of Jan 30, 2023 were 12.91M with a Short Ratio of 9.96M, compared to 12.04M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 9.98% and a Short% of Float of 16.53%.

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 5 analysts. On average, analysts expect EPS of $0.5 for the current quarter, with a high estimate of $0.51 and a low estimate of $0.46, while EPS last year was $0.4. The consensus estimate for the next quarter is $0.55, with high estimates of $0.58 and low estimates of $0.53.

Analysts are recommending an EPS of between $2.3 and $2.2 for the fiscal current year, implying an average EPS of $2.25. EPS for the following year is $2.73, with 3 analysts recommending between $2.9 and $2.5.

Revenue Estimates

5 analysts predict $1.01B in revenue for the current quarter. It ranges from a high estimate of $1.03B to a low estimate of $974M. As of the current estimate, ATI Inc.’s year-ago sales were $834.1M, an estimated increase of 21.40% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $1.04B, an increase of 8.70% less than the figure of $21.40% in the same quarter last year. There is a high estimate of $1.11B for the next quarter, whereas the lowest estimate is $997M.

A total of 6 analysts have provided revenue estimates for ATI’s current fiscal year. The highest revenue estimate was $4.33B, while the lowest revenue estimate was $4.11B, resulting in an average revenue estimate of $4.17B. In the same quarter a year ago, actual revenue was $3.84B, up 8.70% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $4.37B in the next fiscal year. The high estimate is $4.44B and the low estimate is $4.31B. The average revenue growth estimate for next year is up 4.70% from the average revenue estimate for this year.