Atricure Inc (NASDAQ: ATRC) is 25.88% higher on its value in year-to-date trading and has touched a low of $18.94 and a high of $39.04 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 ATRC stock was last observed hovering at around $37.64 in the last trading session, with the day’s gains setting it 0.83%.
Currently trading at $38.47, the stock is 18.35% and 12.58% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing 2.21% at the moment leaves the stock 42.24% off its SMA200. ATRC registered 15.15% gain for a year compared to 6-month gain of 55.94%. The firm has a 50-day simple moving average (SMA 50) of $34.1716 and a 200-day simple moving average (SMA200) of $27.04665.
The stock witnessed a 21.97% loss in the last 1 month and extending the period to 3 months gives it a 31.93%, and is 22.48% 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 6.03% over the week and 4.71% over the month.
Atricure Inc (ATRC) has around 1200 employees, a market worth around $1.88B and $447.57M in sales. Profit margin for the company is -8.70%. Distance from 52-week low is 103.12% and -1.47% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.21%).
with sales reaching $124.3M over the same period.The EPS is expected to shrink by -23.11% this year, but quarterly earnings will post 16.54% year-over-year. Quarterly sales are estimated to grow 16.67% in year-over-year returns.
Atricure Inc (ATRC) Top Institutional Holders
285.0 institutions hold shares in Atricure Inc (ATRC), with institutional investors hold 107.52% of the company’s shares. The shares outstanding are 48.75M, and float is at 47.17M with Short Float at 3.44%. Institutions hold 104.09% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 4.62 million shares valued at $105.24 million. The investor’s holdings represent 9.853% of the ATRC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.62 million shares valued at $105.1 million to account for 9.8399 of the shares outstanding. The other top investors are ALLIANCEBERNSTEIN L.P. which holds 4.2 million shares representing 8.9641% and valued at over $95.75 million, while CHAMPLAIN INVESTMENT PARTNERS, LLC holds 5.7024 of the shares totaling 2.67 million with a market value of $60.91 million.
Atricure Inc (ATRC) Insider Activity
The most recent transaction is an insider sale by Yuen Maggie, the company’s Director. SEC filings show that Yuen Maggie sold 3,500 shares of the company’s common stock on Aug 15 ’24 at a price of $24.07 per share for a total of $84245.0. Following the sale, the insider now owns 8970.0 shares.
Still, SEC filings show that on May 30 ’24, Privitera Salvatore (Chief Technical Officer) acquired 5,000 shares at an average price of $22.25 for $0.11 million. The insider now directly holds 103,290 shares of Atricure Inc (ATRC).
