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The closing price of Atricure Inc (NASDAQ: ATRC) was $21.84 for the day, down -7.73% from the previous closing price of $23.67. In other words, the price has decreased by -$7.73 from its previous closing price. On the day, 1.18 million shares were traded. ATRC stock price reached its highest trading level at $23.84 during the session, while it also had its lowest trading level at $21.71.
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 2.83 and its Current Ratio is at 4.00. In the meantime, Its Debt-to-Equity ratio is 0.17 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 May 30 ’24 when Privitera Salvatore bought 5,000 shares for $22.25 per share. The transaction valued at 111,250 led to the insider holds 103,290 shares of the business.
Noznesky Justin J sold 1,500 shares of ATRC for $36,135 on May 01 ’24. The Chief Mktg & Strategy Officer now owns 71,284 shares after completing the transaction at $24.09 per share. On Apr 01 ’24, another insider, Noznesky Justin J, who serves as the Chief Mktg & Strategy Officer of the company, sold 1,500 shares for $30.39 each. As a result, the insider received 45,585 and left with 72,784 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 1056669440 and an Enterprise Value of 1114615680. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.55 while its Price-to-Book (P/B) ratio in mrq is 2.32. Its current Enterprise Value per Revenue stands at 2.688 whereas that against EBITDA is -55.988.
Stock Price History:
The Beta on a monthly basis for ATRC is 1.44, which has changed by -0.5632874 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, ATRC has reached a high of $59.61, while it has fallen to a 52-week low of $18.94. The 50-Day Moving Average of the stock is -2.37%, while the 200-Day Moving Average is calculated to be -30.82%.
Shares Statistics:
ATRC traded an average of 830.64K shares per day over the past three months and 941370 shares per day over the past ten days. A total of 47.53M shares are outstanding, with a floating share count of 46.78M. Insiders hold about 3.32% of the company’s shares, while institutions hold 102.77% stake in the company. Shares short for ATRC as of 1718323200 were 3301419 with a Short Ratio of 3.97, compared to 1715731200 on 3092614. Therefore, it implies a Short% of Shares Outstanding of 3301419 and a Short% of Float of 7.04.
