ATI Inc (NYSE: ATI) is 30.24% higher on its value in year-to-date trading and has touched a low of $35.03 and a high of $68.92 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 $58.13 in the last trading session, with the day’s gains setting it 1.09%.
Currently trading at $59.22, the stock is -6.55% and -3.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.08 million and changing 1.88% at the moment leaves the stock 13.21% off its SMA200. ATI registered 31.92% gain for a year compared to 6-month gain of 16.97%.
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The stock witnessed a -4.56% loss in the last 1 month and extending the period to 3 months gives it a 1.51%, and is -7.29% 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 4.80% over the week and 2.77% over the month.
ATI Inc (ATI) has around 7300 employees, a market worth around $7.37B and $4.23B in sales. Current P/E ratio is 23.20 and Fwd P/E is 18.20. Profit margin for the company is 8.74%. Distance from 52-week low is 69.08% and -14.07% from its 52-week high. The company has generated returns on investments over the last 12 months (11.51%).
The EPS is expected to shrink by -2.55% this year.
ATI Inc (ATI) Top Institutional Holders
520.0 institutions hold shares in ATI Inc (ATI), with institutional investors hold 108.86% of the company’s shares. The shares outstanding are 126.88M, and float is at 122.62M with Short Float at 4.14%. Institutions hold 107.59% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 15.54 million shares valued at $861.91 million. The investor’s holdings represent 10.8731% of the ATI Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL INTERNATIONAL INVESTORS with 15.1 million shares valued at $837.36 million to account for 10.5609 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 13.23 million shares representing 9.2526% and valued at over $733.46 million, while FMR LLC holds 5.079 of the shares totaling 7.26 million with a market value of $402.61 million.
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 12 ’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 12 ’24 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 Feb 13 ’24, Harris Timothy J (Senior VP and CDIO) disposed off 6,325 shares at an average price of $41.88 for $0.26 million. The insider now directly holds 103,006 shares of ATI Inc (ATI).
