The closing price of ATI Inc (NYSE: ATI) was $48.30 for the day, down -2.27% from the previous closing price of $49.42. In other words, the price has decreased by -$1.12 from its previous closing price. On the day, 1958144 shares were traded.
Ratios:
Our analysis of ATI’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.53 and its Current Ratio is at 2.80. In the meantime, Its Debt-to-Equity ratio is 1.65 whereas as Long-Term Debt/Eq ratio is at 1.62.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Northcoast on July 20, 2023, initiated with a Buy rating and assigned the stock a target price of $54.
On August 05, 2022, Wolfe Research Upgraded its rating to Outperform which previously was Peer Perform but kept the price unchanged to $33.
Cowen Upgraded its Market Perform to Outperform on January 11, 2022, whereas the target price for the stock was revised from $22 to $23.
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 Feb 29 ’24 when Davis Elliot S sold 45,351 shares for $49.12 per share. The transaction valued at 2,227,641 led to the insider holds 123,927 shares of the business.
Harris Timothy J sold 6,325 shares of ATI for $264,891 on Feb 13 ’24. The Senior VP and CDIO now owns 103,006 shares after completing the transaction at $41.88 per share. On Feb 12 ’24, another insider, Harris Timothy J, who serves as the Senior VP and CDIO of the company, sold 6,325 shares for $42.44 each. As a result, the insider received 268,433 and left with 109,331 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, ATI now has a Market Capitalization of 6.17B and an Enterprise Value of 7.61B. As of this moment, ATI’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.14, and their Forward P/E ratio for the next fiscal year is 16.24. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.01. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.48 while its Price-to-Book (P/B) ratio in mrq is 4.46. Its current Enterprise Value per Revenue stands at 1.82 whereas that against EBITDA is 13.91.
Stock Price History:
Over the past 52 weeks, ATI has reached a high of $51.95, while it has fallen to a 52-week low of $34.10. The 50-Day Moving Average of the stock is 44.24, while the 200-Day Moving Average is calculated to be 42.80.
Shares Statistics:
ATI traded an average of 1.40M shares per day over the past three months and 1.29M shares per day over the past ten days. A total of 126.88M shares are outstanding, with a floating share count of 126.00M. Insiders hold about 1.39% of the company’s shares, while institutions hold 105.35% stake in the company. Shares short for ATI as of Feb 29, 2024 were 6.66M with a Short Ratio of 4.77, compared to 5.24M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.21% and a Short% of Float of 8.85%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.44. The current Payout Ratio is 0.00% for ATI, which recently paid a dividend on Sep 08, 2016 with an ex-dividend date of Aug 16, 2016. Stock splits for the company last occurred on Nov 30, 1999 when the company split stock in a 1:2 ratio.
Earnings Estimates
The firm’s stock currently is rated by 7 analysts. On average, analysts expect EPS of $0.41 for the current quarter, with a high estimate of $0.45 and a low estimate of $0.37, while EPS last year was $0.49. The consensus estimate for the next quarter is $0.53, with high estimates of $0.58 and low estimates of $0.45.
Analysts are recommending an EPS of between $2.52 and $2.08 for the fiscal current year, implying an average EPS of $2.32. EPS for the following year is $2.97, with 5 analysts recommending between $3.12 and $2.8.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 6 analysts. It ranges from a high estimate of $1.06B to a low estimate of $998M. As of the current estimate, ATI Inc’s year-ago sales were $1.04B, an estimated decrease of -0.10% from the year-ago figure.
A total of 7 analysts have provided revenue estimates for ATI’s current fiscal year. The highest revenue estimate was $4.53B, while the lowest revenue estimate was $4.25B, resulting in an average revenue estimate of $4.39B. In the same quarter a year ago, actual revenue was $4.17B, up 5.20% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $4.72B in the next fiscal year. The high estimate is $4.83B and the low estimate is $4.66B. The average revenue growth estimate for next year is up 7.60% from the average revenue estimate for this year.
