Allegheny Technologies Incorporated (NYSE: ATI) is 11.39% higher on its value in year-to-date trading and has touched a low of $4.95 and a high of $20.78 in the current 52-week trading range. The ATI stock was last observed hovering at around $17.23 in the last trading session, with the day’s gains setting it 1.45% off its average median price target of $10.50 for the next 12 months. It is also 25.28% off the consensus price target high of $25.00 offered by 8 analysts, but current levels are -133.5% lower than the price target low of $8.00 for the same period.
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Currently trading at $18.68, the stock is 12.44% and 34.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.65 million and changing 8.42% at the moment leaves the stock 83.65% off its SMA200. ATI registered -8.07% loss for a year compared to 6-month gain of 94.38%. The firm has a 50-day simple moving average (SMA 50) of $15.74 and a 200-day simple moving average (SMA200) of $10.98.
The stock witnessed a 10.47% loss in the last 1 month and extending the period to 3 months gives it a 104.38%, and is 14.46% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.22% over the week and 4.64% over the month.
Allegheny Technologies Incorporated (ATI) has around 8100 employees, a market worth around $2.38B and $3.34B in sales. Profit margin for the company is -11.80%. Distance from 52-week low is 277.37% and -10.11% from its 52-week high. The company has generated returns on investments over the last 12 months (10.30%).
Allegheny Technologies Incorporated (ATI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Allegheny Technologies Incorporated (ATI) is a “Hold”. 8 analysts offering their recommendations for the stock have an average rating of 3.00, where 4 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Allegheny Technologies Incorporated is expected to release its quarterly report on 04/27/2021 and quarterly earnings per share for the current quarter are estimated at -$0.35 with sales reaching $606.84M over the same period.The EPS is expected to grow by 11.60% this year, but quarterly earnings will post -28.90% year-over-year. Quarterly sales are estimated to shrink -40.40% in year-over-year returns.
Allegheny Technologies Incorporated (ATI) Top Institutional Holders
305 institutions hold shares in Allegheny Technologies Incorporated (ATI), with 976.49k shares held by insiders accounting for 0.77% while institutional investors hold 98.67% of the company’s shares. The shares outstanding are 126.60M, and float is at 125.84M with Short Float at 9.17%. Institutions hold 97.91% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 18.86 million shares valued at $164.5 million. The investor’s holdings represent 14.88% of the ATI Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 12.63 million shares valued at $110.11 million to account for 9.96% of the shares outstanding. The other top investors are Capital International Investors which holds 8.44 million shares representing 6.66% and valued at over $73.64 million, while State Street Corporation holds 5.86% of the shares totaling 7.43 million with a market value of $64.78 million.
Allegheny Technologies Incorporated (ATI) Insider Activity
A total of 1 insider transactions have happened at Allegheny Technologies Incorporated (ATI) in the last six months, with sales accounting for 0 and purchases happening 1 times. The most recent transaction is an insider purchase by NEWMAN DONALD P, the company’s SVP and CFO. SEC filings show that NEWMAN DONALD P bought 12,500 shares of the company’s common stock on Dec 10 at a price of $16.83 per share for a total of $0.21 million. Following the purchase, the insider now owns 80.0 shares.
Allegheny Technologies Incorporated disclosed in a document filed with the SEC on Mar 16 that WETHERBEE ROBERT S (President and CEO) bought a total of 2,500 shares of the company’s common stock. The trade occurred on Mar 16 and was made at $8.70 per share for $21759.0. Following the transaction, the insider now directly holds 0.19 million shares of the ATI stock.
Still, SEC filings show that on Mar 16, Kah Marianne (Director) acquired 2,000 shares at an average price of $8.91 for $17820.0. The insider now directly holds 5,116 shares of Allegheny Technologies Incorporated (ATI).
Allegheny Technologies Incorporated (ATI): Who are the competitors?
The company’s main competitors (and peers) include Friedman Industries Incorporated (FRD) that is trading 16.92% up over the past 12 months. Valmont Industries Inc. (VMI) is 27.97% up on the 1-year trading charts. Short interest in the company’s stock has fallen -6.5% from the last report on Nov 12, 2020 to stand at a total of 12.28 million short shares sold with a short interest ratio of 5.1.