Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
In the latest session, ATI Inc (NYSE: ATI) closed at $49.10 down -1.33% from its previous closing price of $49.76. In other words, the price has decreased by -$1.33 from its previous closing price. On the day, 1.27 million shares were traded. ATI stock price reached its highest trading level at $49.395 during the session, while it also had its lowest trading level at $48.42.
Ratios:
For a deeper understanding of ATI Inc’s stock, let’s take a closer look at its various ratios. 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, 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 6110003712 and an Enterprise Value of 7969595392. As of this moment, ATI’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.46, and their Forward P/E ratio for the next fiscal year is 16.39. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.03. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.50 while its Price-to-Book (P/B) ratio in mrq is 4.54. Its current Enterprise Value per Revenue stands at 1.909 whereas that against EBITDA is 15.16.
Stock Price History:
Over the past 52 weeks, ATI has reached a high of $52.98, while it has fallen to a 52-week low of $34.10. The 50-Day Moving Average of the stock is 0.32%, while the 200-Day Moving Average is calculated to be 10.85%.
Shares Statistics:
For the past three months, ATI has traded an average of 1.35M shares per day and 966640 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 105.36% stake in the company. Shares short for ATI as of 1711584000 were 6380129 with a Short Ratio of 4.74, compared to 1709164800 on 6656180. Therefore, it implies a Short% of Shares Outstanding of 6380129 and a Short% of Float of 8.84.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.44.
