Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
Atricure Inc (NASDAQ: ATRC) closed the day trading at $20.89 down -5.99% from the previous closing price of $22.22. In other words, the price has decreased by -$5.99 from its previous closing price. On the day, 0.96 million shares were traded. ATRC stock price reached its highest trading level at $23.0125 during the session, while it also had its lowest trading level at $20.78.
Ratios:
For a better understanding of ATRC, let’s look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 01 ’24 when Noznesky Justin J sold 1,500 shares for $24.09 per share. The transaction valued at 36,135 led to the insider holds 71,284 shares of the business.
Noznesky Justin J sold 1,500 shares of ATRC for $45,585 on Apr 01 ’24. The Chief Mktg & Strategy Officer now owns 72,784 shares after completing the transaction at $30.39 per share. On Mar 18 ’24, another insider, Dahlquist Karl S., who serves as the Chief Legal Officer of the company, sold 1,885 shares for $32.16 each. As a result, the insider received 60,622 and left with 50,954 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 1010706240 and an Enterprise Value of 980112768. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.44 while its Price-to-Book (P/B) ratio in mrq is 2.21. Its current Enterprise Value per Revenue stands at 2.364 whereas that against EBITDA is -49.232.
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 $20.19. The 50-Day Moving Average of the stock is -28.30%, while the 200-Day Moving Average is calculated to be -44.22%.
Shares Statistics:
Over the past 3-months, ATRC traded about 783.10K shares per day on average, while over the past 10 days, ATRC traded about 901690 shares per day. A total of 47.53M shares are outstanding, with a floating share count of 46.85M. Insiders hold about 3.17% of the company’s shares, while institutions hold 98.67% stake in the company. Shares short for ATRC as of 1713139200 were 3199583 with a Short Ratio of 4.09, compared to 1710460800 on 2973664. Therefore, it implies a Short% of Shares Outstanding of 3199583 and a Short% of Float of 6.819999999999999.
