The closing price of Atricure Inc (NASDAQ: ATRC) was $28.47 for the day, down -4.24% from the previous closing price of $29.73. In other words, the price has decreased by -$1.26 from its previous closing price. On the day, 965551 shares were traded. ATRC stock price reached its highest trading level at $29.91 during the session, while it also had its lowest trading level at $28.21.
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 2.66 and its Current Ratio is at 3.57. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.15.
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, JMP Securities on October 23, 2023, initiated with a Mkt Outperform rating and assigned the stock a target price of $60.
On September 29, 2023, UBS started tracking the stock assigning a Buy rating and target price of $56.
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 Mar 18 ’24 when Dahlquist Karl S. sold 1,885 shares for $32.16 per share. The transaction valued at 60,622 led to the insider holds 50,954 shares of the business.
Noznesky Justin J sold 1,500 shares of ATRC for $55,080 on Mar 12 ’24. The Chief Mktg & Strategy Officer now owns 74,284 shares after completing the transaction at $36.72 per share. On Mar 05 ’24, another insider, Dahlquist Karl S., who serves as the Chief Legal Officer of the company, sold 8,231 shares for $37.36 each. As a result, the insider received 307,510 and left with 52,839 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 1.35B and an Enterprise Value of 1.29B. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.39 while its Price-to-Book (P/B) ratio in mrq is 2.90. Its current Enterprise Value per Revenue stands at 3.24 whereas that against EBITDA is -159.28.
Stock Price History:
Over the past 52 weeks, ATRC has reached a high of $59.61, while it has fallen to a 52-week low of $28.66. The 50-Day Moving Average of the stock is 33.72, while the 200-Day Moving Average is calculated to be 40.84.
Shares Statistics:
ATRC traded an average of 615.05K shares per day over the past three months and 846.3k shares per day over the past ten days. A total of 47.53M shares are outstanding, with a floating share count of 45.95M. Insiders hold about 3.46% of the company’s shares, while institutions hold 99.76% stake in the company. Shares short for ATRC as of Feb 29, 2024 were 2.37M with a Short Ratio of 3.86, compared to 2.22M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.99% and a Short% of Float of 5.13%.
Earnings Estimates
The firm’s stock currently is rated by 9 analysts. On average, analysts expect EPS of -$0.23 for the current quarter, with a high estimate of -$0.2 and a low estimate of -$0.3, while EPS last year was -$0.23. The consensus estimate for the next quarter is -$0.16, with high estimates of -$0.12 and low estimates of -$0.2.
Analysts are recommending an EPS of between -$0.63 and -$0.79 for the fiscal current year, implying an average EPS of -$0.74. EPS for the following year is -$0.57, with 9 analysts recommending between -$0.29 and -$0.79.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 9 analysts. It ranges from a high estimate of $108.67M to a low estimate of $105.4M. As of the current estimate, Atricure Inc’s year-ago sales were $93.49M, an estimated increase of 14.30% from the year-ago figure.
A total of 9 analysts have provided revenue estimates for ATRC’s current fiscal year. The highest revenue estimate was $463.13M, while the lowest revenue estimate was $459.6M, resulting in an average revenue estimate of $461.3M. In the same quarter a year ago, actual revenue was $399.25M, up 15.50% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $525.98M in the next fiscal year. The high estimate is $531.5M and the low estimate is $517.5M. The average revenue growth estimate for next year is up 14.00% from the average revenue estimate for this year.
