ATI Inc (NYSE:ATI) has a beta value of 1.06 and has seen 4.4 million shares traded in the recent trading session. The company, currently valued at $7.48B, closed the recent trade at $60.08 per share which meant it lost -$0.19 on the day or -0.32% during that session. The ATI stock price is -14.71% off its 52-week high price of $68.92 and 41.69% above the 52-week low of $35.03. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.81 million shares traded. The 3-month trading volume is 1.55 million shares.
The consensus among analysts is that ATI Inc (ATI) is Buy stock at the moment, with a recommendation rating of 1.36. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 9 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.67.
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ATI Inc (NYSE:ATI) trade information
Sporting -0.32% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ATI stock price touched $60.08 or saw a rise of 8.67%. Year-to-date, ATI Inc shares have moved 32.12%, while the 5-day performance has seen it change -8.11%. Over the past 30 days, the shares of ATI Inc (NYSE:ATI) have changed -1.47%. Short interest in the company has seen 5.07 million shares shorted with days to cover at 4.06.
Wall Street analysts have a consensus price target for the stock at $66, which means that the shares’ value could jump 8.97% from the levels at last check today. The projected low price target is $45.0 while the price target rests at a high of $70.0. In that case, then, we find that the latest price level in today’s session is -16.51% off the targeted high while a plunge would see the stock lose 25.1% from the levels at last check today.
ATI Inc (ATI) estimates and forecasts
Figures show that ATI Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 20.80% over the past 6 months, with this year growth rate of -3.13%, compared to -13.10% for the industry. Revenue growth from the last financial year stood is estimated to be 7.00%.
7 analysts offering their estimates for the company have set an average revenue estimate of 1.13B for the current quarter. 7 have an estimated revenue figure of 1.2B for the next ending quarter. Year-ago sales stood 1.03B and 1.06B respectively for this quarter and the next, and analysts expect sales will grow by 9.80% for the current quarter and 7.00% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 11.74% over the past 5 years. Earnings growth for 2024 is a modest -2.69% while over the next 5 years, the company’s earnings are expected to increase by 16.52%.
ATI Dividends
ATI Inc is expected to release its next earnings report on 2024-Oct-31 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
ATI Inc (NYSE:ATI)’s Major holders
Insiders own 1.17% of the company shares, while shares held by institutions stand at 107.59% with a share float percentage of 108.86%. Investors are also buoyed by the number of investors in a company, with ATI Inc having a total of 519.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 15.54 million shares worth more than $861.91 million. As of 2024-06-30, BLACKROCK INC. held 10.8731% of shares outstanding.
The other major institutional holder is CAPITAL INTERNATIONAL INVESTORS, with the holding of over 15.1 million shares as of 2024-06-30. The firm’s total holdings are worth over $837.36 million and represent 10.5609% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Growth Fund Of America Inc. As of Jul 31, 2024, the former fund manager holds about 6.60% shares in the company for having 8.21 shares of worth $491.45 million while later fund manager owns 5.99 shares of worth $358.6 million as of Jun 30, 2024, which makes it owner of about 4.82% of company’s outstanding stock.
