ATI Inc (NYSE: ATI) is 8.16% higher on its value in year-to-date trading and has touched a low of $34.10 and a high of $49.48 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ATI stock was last observed hovering at around $48.61 in the last trading session, with the day’s gains setting it 0.57%.
Currently trading at $49.18, the stock is 13.16% and 13.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.01 million and changing 1.17% at the moment leaves the stock 16.54% off its SMA200. ATI registered 20.98% gain for a year compared to 6-month loss of 9.83%. The firm has a 50-day simple moving average (SMA 50) of $1.85 and a 200-day simple moving average (SMA200) of $14.11.
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The stock witnessed a 18.94% gain in the last 1 month and extending the period to 3 months gives it a 11.17%, and is 5.85% 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 2.68% over the week and 3.60% over the month.
ATI Inc (ATI) has around 7300 employees, a market worth around $6.28B and $4.17B in sales. Current P/E ratio is 19.49 and Fwd P/E is 16.54. Profit margin for the company is 8.81%. Distance from 52-week low is 44.22% and -0.61% from its 52-week high. The company has generated returns on investments over the last 12 months (10.23%).
ATI Inc quarterly earnings per share for the current quarter are estimated at $0.41 with sales reaching $1.04B over the same period.The EPS is expected to shrink by -9.48% this year, but quarterly earnings will post 5.30% year-over-year. Quarterly sales are estimated to shrink 0.00% in year-over-year returns.
451 institutions hold shares in ATI Inc (ATI), with institutional investors hold 107.85% of the company’s shares. The shares outstanding are 126.88M, and float is at 125.96M with Short Float at 5.06%. Institutions hold 106.82% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 20.32 million shares valued at $898.62 million. The investor’s holdings represent 15.80% of the ATI Shares outstanding. As of Jun 29, 2023, the second largest holder is Capital International Investors with 15.2 million shares valued at $672.43 million to account for 11.82% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 14.38 million shares representing 11.18% and valued at over $635.95 million, while State Street Corporation holds 5.07% of the shares totaling 6.52 million with a market value of $288.42 million.
ATI Inc (ATI) Insider Activity
A total of 3 insider transactions have happened at ATI Inc (ATI) in the last six months, with sales accounting for 3 and purchases happening 0 times. The most recent transaction is an insider sale by Harris Timothy J, the company’s Senior VP and CDIO. SEC filings show that Harris Timothy J sold 6,325 shares of the company’s common stock on Feb 13 at a price of $41.88 per share for a total of $0.26 million. Following the sale, the insider now owns 0.1 million shares.
ATI Inc disclosed in a document filed with the SEC on Feb 12 that Harris Timothy J (Senior VP and CDIO) sold a total of 6,325 shares of the company’s common stock. The trade occurred on Feb 12 and was made at $42.44 per share for $0.27 million. Following the transaction, the insider now directly holds 0.11 million shares of the ATI stock.
Still, SEC filings show that on Jan 04, Davis Elliot S (Chief Legal & Compl. Officer) disposed off 1,789 shares at an average price of $43.06 for $77034.0. The insider now directly holds 136,050 shares of ATI Inc (ATI).
ATI Inc (ATI): Who are the competitors?
One of the company’s main competitors (and peers) include Friedman Industries Inc. (FRD) that is trading 49.80% up over the past 12 months.CITIC Ltd. ADR (CTPCY) lies in the list of competitors of the ATI Inc and is -7.09% lower over the same period from ATIValmont Industries Inc. (VMI) is -35.00% down on the 1-year trading charts.
