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ATI Physical Therapy Inc. (NYSE: ATIP) Expected To Grow By 41.43% Or More

ATI Physical Therapy Inc. (NYSE:ATIP)’s traded shares stood at 1.77 million during the last session. At the close of trading, the stock’s price was $0.41, to imply an increase of 30.84% or $0.1 in intraday trading. The ATIP share’s 52-week high remains $2.26, putting it -451.22% down since that peak but still an impressive 46.34% since price per share fell to its 52-week low of $0.22. The company has a valuation of $85.70M, with an average of 0.44 million shares in intraday trading volume over the past 10 days and average of 424.78K shares over the past 3 months.

Analysts have given a consensus recommendation of a Hold for ATI Physical Therapy Inc. (ATIP), translating to a mean rating of 3.00. Of 3 analyst(s) looking at the stock, 0 analyst(s) give ATIP a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.07.

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ATI Physical Therapy Inc. (NYSE:ATIP) trade information

After registering a 30.84% upside in the last session, ATI Physical Therapy Inc. (ATIP) has traded red over the past five days. The stock hit a weekly high of 0.4056 this Friday, 03/17/23, jumping 30.84% in its intraday price action. The 5-day price performance for the stock is 34.71%, and 1.96% over 30 days. With these gigs, the year-to-date price performance is 32.98%. Short interest in ATI Physical Therapy Inc. (NYSE:ATIP) saw shorts transact 4.7 million shares and set a 9.34 days time to cover.

Analysts on Wall Street suggest a consensus price target of $0.70, implying an increase of 41.43% to the stock’s current value. The extremes give us $0.40 and $1.00 for target low and target high price respectively. As such, ATIP has been trading -143.9% off suggested target high and 2.44% from its likely low.

ATI Physical Therapy Inc. (ATIP) estimates and forecasts

Looking at statistics comparing ATI Physical Therapy Inc. share performance against respective industry, we note that the company has outperformed competitors. ATI Physical Therapy Inc. (ATIP) shares are -66.48% down over the last 6 months, with its year-to-date growth rate higher than industry average at 30.00% against 4.40%. Revenue is forecast to shrink -40.00% this quarter before jumping 87.10% for the next one. The rating firms project that company’s revenue will grow 1.40% compared to the previous financial year.

Revenue forecast for the current quarter as set by 5 analysts is $162.66 million. Meanwhile, for the quarter ending Mar 2023, a total of 3 analyst(s) estimate revenue growth to $164.35 million.Earnings reports from the last fiscal year show that sales brought in $155.76 million and $153.82 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 4.40% before jumping 6.80% in the following quarter.

ATIP Dividends

ATI Physical Therapy Inc. has its next earnings report out between May 08 and May 12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. ATI Physical Therapy Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

ATI Physical Therapy Inc. (NYSE:ATIP)’s Major holders

ATI Physical Therapy Inc. insiders hold 1.12% of total outstanding shares, with institutional holders owning 91.29% of the shares at 92.32% float percentage. In total, 91.29% institutions holds shares in the company, led by Advent International Corporation. As of Sep 29, 2022, the company held over 115.83 million shares (or 55.89% of shares), all amounting to roughly $115.83 million.

The next major institution holding the largest number of shares is Fortress Investment Group LLC with 16.02 million shares, or about 7.73% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $16.02 million.

We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the ATI Physical Therapy Inc. (ATIP) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 2.49 million shares. This is just over 1.20% of the total shares, with a market valuation of $2.49 million. Data from the same date shows that the other fund manager holds a little less at 1.44 million, or 0.69% of the shares, all valued at about 0.44 million.

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