ATI Inc (NYSE: ATI) is 15.77% higher on its value in year-to-date trading and has touched a low of $38.08 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 $57.96 in the last trading session, with the day’s gains setting it 5.76%.
Currently trading at $63.72, the stock is 10.80% and 11.24% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.65 million and changing 9.94% at the moment leaves the stock 7.33% off its SMA200. ATI registered 65.29% gain for a year compared to 6-month loss of 2.41%. The firm has a 50-day simple moving average (SMA 50) of $57.1718 and a 200-day simple moving average (SMA200) of $59.30225.
The stock witnessed a 15.79% gain in the last 1 month and extending the period to 3 months gives it a 20.89%, and is 9.99% 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 4.83% over the week and 2.95% over the month.
ATI Inc (ATI) has around 7300 employees, a market worth around $9.09B and $4.25B in sales. Current P/E ratio is 24.46 and Fwd P/E is 18.54. Profit margin for the company is 8.85%. Distance from 52-week low is 67.35% and -7.54% from its 52-week high. The company has generated returns on investments over the last 12 months (10.32%).
with sales reaching $1.03B over the same period.The EPS is expected to grow by 18.56% this year, but quarterly earnings will post 5.51% year-over-year. Quarterly sales are estimated to shrink -0.76% in year-over-year returns.
ATI Inc (ATI) Top Institutional Holders
549.0 institutions hold shares in ATI Inc (ATI), with institutional investors hold 94.53% of the company’s shares. The shares outstanding are 142.63M, and float is at 140.70M with Short Float at 2.71%. Institutions hold 93.63% 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 Dec 04 ’24 at a price of $58.99 per share for a total of $1.47 million. Following the sale, the insider now owns 0.44 million shares.
ATI Inc disclosed in a document filed with the SEC on Dec 04 ’24 that Busch Tina Killough (SVP, CHRO) sold a total of 2,598 shares of the company’s common stock. The trade occurred on Dec 04 ’24 and was made at $60.02 per share for $0.16 million. Following the transaction, the insider now directly holds 21553.0 shares of the ATI stock.
Still, SEC filings show that on Dec 04 ’24, Busch Tina Killough (Officer) Proposed Sale 2,598 shares at an average price of $60.02 for $0.16 million. The insider now directly holds shares of ATI Inc (ATI).
