In recent trading session, ATI Inc (NYSE:ATI) saw 1.04 million shares changing hands at last check today with its beta currently measuring 1.06. Company’s recent per share price level of $58.51 trading at -$1.43 or -2.38% at last check today assigns it a market valuation of $7.28B. That most recent trading price of ATI’s stock is at a discount of -17.79% from its 52-week high price of $68.92 and is indicating a premium of 40.13% from its 52-week low price of $35.03. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.63 million shares which gives us an average trading volume of 1.68 million if we extend that period to 3-months.
For ATI Inc (ATI), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.33. Splitting up the data highlights that, out of 9 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 9 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.67 in the current quarter.
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ATI Inc (NYSE:ATI) trade information
Upright in the red during last session for losing -2.38%, in the last five days ATI remained trading in the red while hitting it’s week-highest on Tuesday, 09/03/24 when the stock touched $58.51 price level, adding 10.23% to its value on the day. ATI Inc’s shares saw a change of 28.69% in year-to-date performance and have moved -9.30% in past 5-day. ATI Inc (NYSE:ATI) showed a performance of -1.46% in past 30-days. Number of shares sold short was 5.07 million shares which calculate 4.06 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 68 to the stock, which implies a rise of 13.96% to its recent value today. Analysts have been projecting 45 as a low price target for the stock while placing it at a high target of 75. It follows that stock’s current price would jump 23.09% in reaching the projected high whereas dropping to the targeted low would mean a gain of 23.09% for stock’s current value.
ATI Inc (ATI) estimates and forecasts
Statistics highlight that ATI Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 14.73% of value to its shares in past 6 months, showing an annual growth rate of -3.13% while that of industry is -13.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 7.00% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.13B for the same. And 7 analysts are in estimates of company making revenue of 1.2B in the next quarter. Company posted 1.03B and 1.06B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 11.74% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -2.55% while estimates for its earnings growth in next 5 years are of 16.52%.
ATI Inc (NYSE:ATI)’s Major holders
Insiders are in possession of 1.17% of company’s total shares while institution are holding 107.59 percent of that, with stock having share float percentage of 108.86%. Investors also watch the number of corporate investors in a company very closely, which is 107.59% institutions for ATI Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at ATI for having 15.54 million shares of worth $861.91 million. And as of 2024-06-30, it was holding 10.8731 of the company’s outstanding shares.
The second largest institutional holder is CAPITAL INTERNATIONAL INVESTORS, which was holding about 15.1 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.5609 of outstanding shares, having a total worth of $837.36 million.
