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The closing price of Atricure Inc (NASDAQ: ATRC) was $23.91 for the day, up 6.13% from the previous closing price of $22.53. In other words, the price has increased by $6.13 from its previous closing price. On the day, 0.7 million shares were traded. ATRC stock price reached its highest trading level at $24.64 during the session, while it also had its lowest trading level at $22.81.
Ratios:
Our analysis of ATRC’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.93 and its Current Ratio is at 4.13. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.16.
On October 23, 2023, JMP Securities started tracking the stock assigning a Mkt Outperform rating and target price of $60.
On September 29, 2023, UBS started tracking the stock assigning a Buy rating and target price of $56.UBS initiated its Buy rating on September 29, 2023, with a $56 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 15 ’24 when Yuen Maggie bought 3,500 shares for $24.07 per share.
Privitera Salvatore bought 5,000 shares of ATRC for $111,250 on May 30 ’24. The Chief Technical Officer now owns 103,290 shares after completing the transaction at $22.25 per share. On May 01 ’24, another insider, Noznesky Justin J, who serves as the Chief Mktg & Strategy Officer of the company, sold 1,500 shares for $24.09 each. As a result, the insider received 36,135 and left with 71,284 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ATRC now has a Market Capitalization of 1164357248 and an Enterprise Value of 1058450816. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.71 while its Price-to-Book (P/B) ratio in mrq is 2.52. Its current Enterprise Value per Revenue stands at 2.462 whereas that against EBITDA is -60.417.
Stock Price History:
Over the past 52 weeks, ATRC has reached a high of $52.34, while it has fallen to a 52-week low of $18.94. The 50-Day Moving Average of the stock is 6.46%, while the 200-Day Moving Average is calculated to be -18.19%.
Shares Statistics:
ATRC traded an average of 893.56K shares per day over the past three months and 842710 shares per day over the past ten days. A total of 47.53M shares are outstanding, with a floating share count of 47.08M. Insiders hold about 3.32% of the company’s shares, while institutions hold 104.44% stake in the company. Shares short for ATRC as of 1722384000 were 3109939 with a Short Ratio of 3.48, compared to 1719532800 on 3691000. Therefore, it implies a Short% of Shares Outstanding of 3109939 and a Short% of Float of 6.59.
