Following Its 52-Week Low, Allegheny Technologies Incorporated (NYSE: ATI)’S Share Price Rose 16.06% And Its YTD Numbers Fell -4.23% – Marketing Sentinel
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Following Its 52-Week Low, Allegheny Technologies Incorporated (NYSE: ATI)’S Share Price Rose 16.06% And Its YTD Numbers Fell -4.23%

During the last session, Allegheny Technologies Incorporated (NYSE:ATI)’s traded shares were 0.87 million, with the beta value of the company hitting 1.63. At the end of the trading day, the stock’s price was $16.06, reflecting an intraday loss of -0.12% or -$0.02. The 52-week high for the ATI share is $25.03, that puts it down -55.85 from that peak though still a striking 16.06% gain since the share price plummeted to a 52-week low of $13.48. The company’s market capitalization is $2.08B, and the average trade volume was 1.53 million shares over the past three months.

Allegheny Technologies Incorporated (ATI) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.20. ATI has a Sell rating from 0 analyst(s) out of 10 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.02.

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Allegheny Technologies Incorporated (NYSE:ATI) trade information

Allegheny Technologies Incorporated (ATI) registered a -0.12% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.12% in intraday trading to $16.06 this Wednesday, 11/24/21, hitting a weekly high. The stock’s 5-day price performance is -1.65%, and it has moved by 6.15% in 30 days. Based on these gigs, the overall price performance for the year is 10.68%.

The consensus price target of analysts on Wall Street is $24.00, which implies an increase of 33.08% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $18.00 and $30.00 respectively. As a result, ATI is trading at a discount of -86.8% off the target high and -12.08% off the low.

Allegheny Technologies Incorporated (ATI) estimates and forecasts

Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 94.70% this quarter and then jump 124.20% in the quarter after that. In the rating firms’ projections, revenue will decrease -9.70% compared to the previous financial year.

Revenue for the current quarter is expected to be $662.64 million as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $728.56 million by the end of Dec 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $598 million and $658.3 million respectively. In this case, analysts expect current quarter sales to grow by 10.80% and then jump by 10.70% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -28.70%. While earnings are projected to return -773.50% in 2021, the next five years will return -4.50% per annum.

ATI Dividends

Allegheny Technologies Incorporated is due to release its next quarterly earnings between January 26 and January 31. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Allegheny Technologies Incorporated (NYSE:ATI)’s Major holders

Allegheny Technologies Incorporated insiders own 0.65% of total outstanding shares while institutional holders control 107.49%, with the float percentage being 108.20%. Blackrock Inc. is the largest shareholder of the company, while 325 institutions own stock in it. As of Jun 29, 2021, the company held over 20.52 million shares (or 16.13% of all shares), a total value of $427.88 million in shares.

The next largest institutional holding, with 13.72 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 10.78% of outstanding shares. At the market price on Jun 29, 2021, these shares were valued at $286.13 million.

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Also, the Mutual Funds coming in first place with the largest holdings of Allegheny Technologies Incorporated (ATI) shares are iShares Core S&P Smallcap ETF and Growth Fund Of America Inc. Data provided on Sep 29, 2021 indicates that iShares Core S&P Smallcap ETF owns about 8.47 million shares. This amounts to just over 6.66 percent of the company’s overall shares, with a $140.86 million market value. The same data shows that the other fund manager holds slightly less at 5.1 million, or about 4.01% of the stock, which is worth about $84.79 million.

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