ATI Inc (NYSE: ATI) is 38.24% 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 $63.14 in the last trading session, with the day’s loss setting it -0.28%.
Currently trading at $62.86, the stock is -1.87% and -1.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.96 million and changing -0.44% at the moment leaves the stock 12.99% off its SMA200. ATI registered 73.74% gain for a year compared to 6-month gain of 27.71%. The firm has a 50-day simple moving average (SMA 50) of $63.4952 and a 200-day simple moving average (SMA200) of $55.63315.
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The stock witnessed a -2.75% loss in the last 1 month and extending the period to 3 months gives it a -2.21%, and is -0.25% 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 1.91% over the week and 2.38% over the month.
ATI Inc (ATI) has around 7300 employees, a market worth around $7.82B and $4.23B in sales. Current P/E ratio is 24.63 and Fwd P/E is 19.78. Profit margin for the company is 8.74%. Distance from 52-week low is 79.47% and -8.79% 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 -3.76% this year
523.0 institutions hold shares in ATI Inc (ATI), with institutional investors hold 118.89% of the company’s shares. The shares outstanding are 126.88M, and float is at 122.83M with Short Float at 1.53%. Institutions hold 117.50% 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 WETHERBEE ROBERT S, the company’s Executive Chairman. SEC filings show that WETHERBEE ROBERT S sold 25,000 shares of the company’s common stock on Oct 15 ’24 at a price of $62.23 per share for a total of $1.56 million. Following the sale, the insider now owns 0.49 million shares.
Still, SEC filings show that on Sep 16 ’24, WETHERBEE ROBERT S (Executive Chairman) disposed off 25,000 shares at an average price of $61.61 for $1.54 million. The insider now directly holds 511,443 shares of ATI Inc (ATI).
