In the last trading session, 238.46 million Aterian Inc. (NASDAQ:ATER) shares changed hands as the company’s beta touched 0. With the company’s per share price at $17.98 changed hands at $6.18 or 52.37% during last session, the market valuation stood at $554.32M. ATER’s last price was a discount, traded about -172.47% off its 52-week high of $48.99. The share price had its 52-week low at $3.04, which suggests the last value was 83.09% up since then. When we look at Aterian Inc.’s average trading volume, we note the 3-month average coming to 8.19 million.
Analysts gave the Aterian Inc. (ATER) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.80. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended ATER as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Aterian Inc.’s EPS for the current quarter is expected to be -$0.55.
Aterian Inc. (NASDAQ:ATER) trade information
Instantly ATER was in green as seen at the end of in last trading. With action 168.36%, the performance over the past five days has been green. The jump to weekly highs of 19.10 on Monday, 09/13/21 added 52.37% to the stock’s daily price. The company’s shares are showing year-to-date upside of 4.47%, with the 5-day performance at 168.36% in the green. However, in the 30-day time frame, Aterian Inc. (NASDAQ:ATER) is 304.95% up.
The consensus price target for the stock as assigned by Wall Street analysts is $9.30, meaning bulls need a downside of -93.33% from its current market value. According to analyst projections, ATER’s forecast low is $5.50 with $15.00 as the target high. To hit the forecast high, the stock’s price needs a 16.57% surge from its current level, while the stock would need to tank 69.41% for it to hit the projected low.
Aterian Inc. (ATER) estimates and forecasts
Data shows that the Aterian Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -43.32% over the past 6 months, a -232.67% in annual growth rate that is considerably lower than the industry average of 9.10%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Aterian Inc. will fall -1,000.00%, while the growth in revenue is estimated to hit -97.00% for the next quarter. Year-over-year growth is forecast to reach 44.00% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of $77.06 million. 4 analysts are of the opinion that Aterian Inc.’s revenue for the quarter ending Dec 2021 will be $74.31 million. The company’s revenue for the corresponding quarters a year ago was $58.78 million and $41.49 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 31.10%. The estimates for the next quarter sales put growth at 79.10%.
The 2021 estimates are for Aterian Inc. earnings to decrease by -10.70%.
Aterian Inc. is expected to release its next quarterly earnings report between November 08 and November 12.
Aterian Inc. (NASDAQ:ATER)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 32.23% of Aterian Inc. shares while 31.09% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 45.87%. There are 31.09% institutions holding the Aterian Inc. stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2021, the company held 3.47% of the shares, roughly 1.24 million ATER shares worth $18.16 million.
Avory & Company, LLC holds the second largest percentage of outstanding shares, with 2.59% or 0.93 million shares worth $13.54 million as of Jun 29, 2021.
Among Mutual Funds, the top two as of Jun 29, 2021 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 0.47 million shares estimated at $6.81 million under it, the former controlled 1.30% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.27% of the shares, roughly 0.45 million shares worth around $6.64 million.