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The closing price of Atricure Inc (NASDAQ: ATRC) was $23.37 for the day, up 0.86% from the previous closing price of $23.17. In other words, the price has increased by $0.86 from its previous closing price. On the day, 0.71 million shares were traded. ATRC stock price reached its highest trading level at $24.06 during the session, while it also had its lowest trading level at $23.04.
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.
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 Apr 01 ’24 when Noznesky Justin J sold 1,500 shares for $30.39 per share. The transaction valued at 45,585 led to the insider holds 72,784 shares of the business.
Dahlquist Karl S. sold 1,885 shares of ATRC for $60,622 on Mar 18 ’24. The Chief Legal Officer now owns 50,954 shares after completing the transaction at $32.16 per share. On Mar 12 ’24, another insider, Noznesky Justin J, who serves as the Chief Mktg & Strategy Officer of the company, sold 1,500 shares for $36.72 each. As a result, the insider received 55,080 and left with 74,284 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 1130514432 and an Enterprise Value of 1049339776. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.83 while its Price-to-Book (P/B) ratio in mrq is 2.38. Its current Enterprise Value per Revenue stands at 2.628 whereas that against EBITDA is -64.448.
Stock Price History:
The Beta on a monthly basis for ATRC is 1.41, which has changed by -0.4681384 over the last 52 weeks, in comparison to a change of 0.24191546 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 $22.07. The 50-Day Moving Average of the stock is -21.86%, while the 200-Day Moving Average is calculated to be -38.57%.
Shares Statistics:
ATRC traded an average of 720.37K shares per day over the past three months and 708250 shares per day over the past ten days. A total of 47.53M shares are outstanding, with a floating share count of 46.84M. Insiders hold about 3.17% of the company’s shares, while institutions hold 98.85% stake in the company. Shares short for ATRC as of 1713139200 were 3199583 with a Short Ratio of 4.44, compared to 1710460800 on 2973664. Therefore, it implies a Short% of Shares Outstanding of 3199583 and a Short% of Float of 6.819999999999999.
Earnings Estimates
The current rating of Atricure Inc (ATRC) is the result of assessments by 9.0 analysts actively engaged in evaluating its market dynamics.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 9.0 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 $93.49MFor the next quarter, 9 analysts are estimating revenue of $116.82M. There is a high estimate of $118M for the next quarter, whereas the lowest estimate is $115.78M.
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 $399.25MBased on 9 analysts’ estimates, the company’s revenue will be $525.56M in the next fiscal year. The high estimate is $531.5M and the low estimate is $517.5M.
