On Tuesday, ATI Inc (NYSE: ATI) opened lower -0.10% from the last session ,before settling in for the closing price of $51.79. Price fluctuations for ATI have ranged from $34.10 to $52.48 over the past 52 weeks.
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A company in the Industrials sector has jumped its sales by 2.78% annually for the last half of the decade. Company’s average yearly earnings per share was noted -10.61% at the time writing. With a float of $125.94 million, this company’s outstanding shares have now reached $126.88 million.
In an organization with 7300 employees, it is important to assess its efficiency.
ATI Inc (ATI) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Metal Fabrication industry is another important factor to consider. The insider ownership of ATI Inc is 1.44%, while institutional ownership is 105.44%. The most recent insider transaction that took place on Feb 29 ’24, was worth 2,227,641. In this transaction Chief Legal & Compl. Officer of this company sold 45,351 shares at a rate of $49.12, taking the stock ownership to the 123,927 shares. Before that another transaction happened on Feb 13 ’24, when Company’s Senior VP and CDIO sold 6,325 for $41.88, making the entire transaction worth $264,891. This insider now owns 103,006 shares in total.
ATI Inc (ATI) Latest Financial update
If we go through the results of last quarter, which was made public on 12/30/2023, the company posted $0.64 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.62) by $0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.53 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -10.61% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 18.90% during the next five years compared to 11.74% growth over the previous five years of trading.
ATI Inc (NYSE: ATI) Trading Performance Indicators
Check out the current performance indicators for ATI Inc (ATI). In the past quarter, the stock posted a quick ratio of 1.53. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.58.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.52, a number that is poised to hit 0.41 in the next quarter and is forecasted to reach 2.97 in one year’s time.
Technical Analysis of ATI Inc (ATI)
Let’s dig in a bit further. During the last 5-days, its volume was 0.82 million. That was inferior than the volume of 1.34 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 80.84%. Additionally, its Average True Range was 1.31.
During the past 100 days, ATI Inc’s (ATI) raw stochastic average was set at 94.90%, which indicates a significant increase from 84.97% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 12.64% in the past 14 days, which was lower than the 33.13% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $46.98, while its 200-day Moving Average is $43.91. However, in the short run, ATI Inc’s stock first resistance to watch stands at $52.48. Second resistance stands at $53.21. The third major resistance level sits at $53.97. If the price goes on to break the first support level at $50.99, it is likely to go to the next support level at $50.23. The third support level lies at $49.50 if the price breaches the second support level.
ATI Inc (NYSE: ATI) Key Stats
There are currently 124,440K shares outstanding in the company with a market cap of 6.61 billion. Presently, the company’s annual sales total 4,174 M according to its annual income of 410,800 K. Last quarter, the company’s sales amounted to 1,064 M and its income totaled 189,000 K.
