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This Is A Time To Build A Position In Fathom Digital Manufacturing Corporation (NYSE: FATH)

Fathom Digital Manufacturing Corporation (NYSE:FATH)’s traded shares stood at 1.19 million during the last session. At the close of trading, the stock’s price was $0.71, to imply an increase of 0.58% or $0.0 in intraday trading. The FATH share’s 52-week high remains $8.00, putting it -1026.76% down since that peak but still an impressive 2.82% since price per share fell to its 52-week low of $0.69. The company has a valuation of $95.03M, with an average of 0.31 million shares in intraday trading volume over the past 10 days and average of 116.70K shares over the past 3 months.

Analysts have given a consensus recommendation of a Buy for Fathom Digital Manufacturing Corporation (FATH), translating to a mean rating of 1.80. Of 5 analyst(s) looking at the stock, 0 analyst(s) give FATH a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 5 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 -$0.01.

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Fathom Digital Manufacturing Corporation (NYSE:FATH) trade information

After registering a 0.58% upside in the last session, Fathom Digital Manufacturing Corporation (FATH) has traded red over the past five days. The stock hit a weekly high of 0.8600 this Friday, 03/17/23, jumping 0.58% in its intraday price action. The 5-day price performance for the stock is -8.81%, and -37.83% over 30 days. With these gigs, the year-to-date price performance is -45.83%. Short interest in Fathom Digital Manufacturing Corporation (NYSE:FATH) saw shorts transact 0.52 million shares and set a 7.03 days time to cover.

Analysts on Wall Street suggest a consensus price target of $3.75, implying an increase of 81.07% to the stock’s current value. The extremes give us $3.50 and $4.00 for target low and target high price respectively. As such, FATH has been trading -463.38% off suggested target high and -392.96% from its likely low.

Fathom Digital Manufacturing Corporation (FATH) estimates and forecasts

The rating firms project that company’s revenue will grow 7.30% compared to the previous financial year.

Revenue forecast for the current quarter as set by 5 analysts is $40.48 million. Meanwhile, for the quarter ending Mar 2023, a total of 3 analyst(s) estimate revenue growth to $38.69 million.Earnings reports from the last fiscal year show that sales brought in $44.33 million and $40.54 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -8.70% before dropping -4.60% in the following quarter.

FATH Dividends

Fathom Digital Manufacturing Corporation has its next earnings report out in April. 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. Fathom Digital Manufacturing Corporation 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%.

Fathom Digital Manufacturing Corporation (NYSE:FATH)’s Major holders

Fathom Digital Manufacturing Corporation insiders hold 9.61% of total outstanding shares, with institutional holders owning 57.31% of the shares at 63.41% float percentage. In total, 57.31% institutions holds shares in the company, led by Siguler Guff Advisers, LLC. As of Dec 30, 2022, the company held over 3.53 million shares (or 5.39% of shares), all amounting to roughly $4.66 million.

The next major institution holding the largest number of shares is Keebeck Wealth Management, LLC with 2.62 million shares, or about 3.99% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $5.31 million.

We also have ARK ETF Tr-ARK The 3D Printing ETF and iShares Russell 2000 Value ETF as the top two Mutual Funds with the largest holdings of the Fathom Digital Manufacturing Corporation (FATH) shares. Going by data provided on Dec 30, 2022, ARK ETF Tr-ARK The 3D Printing ETF holds roughly 1.57 million shares. This is just over 2.40% of the total shares, with a market valuation of $2.07 million. Data from the same date shows that the other fund manager holds a little less at 0.11 million, or 0.17% of the shares, all valued at about 0.15 million.

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