Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
As of close of business last night, ATI Inc’s stock clocked out at $61.18, up 1.63% from its previous closing price of $60.20. In other words, the price has increased by $1.63 from its previous closing price. On the day, 1.08 million shares were traded. ATI stock price reached its highest trading level at $61.47 during the session, while it also had its lowest trading level at $59.61.
Ratios:
To gain a deeper understanding of ATI’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 115.00. For the most recent quarter (mrq), Quick Ratio is recorded 1.37 and its Current Ratio is at 2.81. In the meantime, Its Debt-to-Equity ratio is 1.72 whereas as Long-Term Debt/Eq ratio is at 1.70.
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, Deutsche Bank on April 11, 2024, initiated with a Buy rating and assigned the stock a target price of $70.
On July 20, 2023, Northcoast started tracking the stock assigning a Buy rating and target price of $54.
Wolfe Research Upgraded its Peer Perform to Outperform on August 05, 2022, while the target price for the stock was maintained at $33.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 7613300224 and an Enterprise Value of 9379672064. As of this moment, ATI’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.48, and their Forward P/E ratio for the next fiscal year is 19.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.40. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.82 while its Price-to-Book (P/B) ratio in mrq is 5.65. Its current Enterprise Value per Revenue stands at 2.245 whereas that against EBITDA is 17.761.
Stock Price History:
Over the past 52 weeks, ATI has reached a high of $61.58, while it has fallen to a 52-week low of $34.10. The 50-Day Moving Average of the stock is 19.05%, while the 200-Day Moving Average is calculated to be 36.29%.
Shares Statistics:
It appears that ATI traded 1.35M shares on average per day over the past three months and 1963730 shares per day over the past ten days. A total of 126.88M shares are outstanding, with a floating share count of 122.70M. Insiders hold about 1.40% of the company’s shares, while institutions hold 108.27% stake in the company. Shares short for ATI as of 1713139200 were 6387593 with a Short Ratio of 4.72, compared to 1710460800 on 6698366. Therefore, it implies a Short% of Shares Outstanding of 6387593 and a Short% of Float of 8.85.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.44.
