ATI Inc (NYSE: ATI) is 12.38% higher on its value in year-to-date trading and has touched a low of $34.10 and a high of $52.98 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 $50.73 in the last trading session, with the day’s gains setting it 0.37%.
Currently trading at $51.10, the stock is 0.77% and 5.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing 0.73% at the moment leaves the stock 15.62% off its SMA200. ATI registered 28.75% gain for a year compared to 6-month gain of 32.35%.
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The stock witnessed a 6.15% loss in the last 1 month and extending the period to 3 months gives it a 20.07%, and is -1.90% down 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 3.34% over the week and 2.54% over the month.
ATI Inc (ATI) has around 7300 employees, a market worth around $6.53B and $4.17B in sales. Current P/E ratio is 20.25 and Fwd P/E is 17.06. Profit margin for the company is 8.81%. Distance from 52-week low is 49.85% and -3.54% from its 52-week high. The company has generated returns on investments over the last 12 months (10.23%).
The EPS is expected to shrink by -10.77% this year
The shares outstanding are 126.88M, and float is at 126.00M with Short Float at 5.06%.
ATI Inc (ATI) Insider Activity
The most recent transaction is an insider sale by Davis Elliot S, the company’s Chief Legal & Compl. Officer. SEC filings show that Davis Elliot S sold 45,351 shares of the company’s common stock on Feb 29 ’24 at a price of $49.12 per share for a total of $2.23 million. Following the sale, the insider now owns 0.12 million shares.
ATI Inc disclosed in a document filed with the SEC on Feb 13 ’24 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 13 ’24 and was made at $41.88 per share for $0.26 million. Following the transaction, the insider now directly holds 0.1 million shares of the ATI stock.
Still, SEC filings show that on Feb 12 ’24, Harris Timothy J (Senior VP and CDIO) disposed off 6,325 shares at an average price of $42.44 for $0.27 million. The insider now directly holds 109,331 shares of ATI Inc (ATI).
