Atomera Inc (NASDAQ:ATOM) Gained 18.30% In A Week: What’s Driving The Stock?

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In recent trading session, Atomera Inc (NASDAQ:ATOM) saw 0.42 million shares changing hands at last check today with its beta currently measuring 1.51. Company’s recent per share price level of $5.30 trading at $0.05 or 0.95% at last check today assigns it a market valuation of $152.53M. That most recent trading price of ATOM’s stock is at a discount of -73.4% from its 52-week high price of $9.19 and is indicating a premium of 56.42% from its 52-week low price of $2.31. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.45 million shares which gives us an average trading volume of 216.75K if we extend that period to 3-months.

For Atomera Inc (ATOM), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 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 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.14 in the current quarter.

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Atomera Inc (NASDAQ:ATOM) trade information

Upright in the green today for gaining 0.95%, in the last five days ATOM remained trading in the green while hitting it’s week-highest on Friday, 11/08/24 when the stock touched $5.30 price level, adding 5.36% to its value on the day. Atomera Inc’s shares saw a change of -24.39% in year-to-date performance and have moved 18.30% in past 5-day. Atomera Inc (NASDAQ:ATOM) showed a performance of 46.41% in past 30-days. Number of shares sold short was 2.88 million shares which calculate 13.32 days to cover the short interests.

Atomera Inc (ATOM) estimates and forecasts

This year revenue growth is estimated to fall -81.80% from the last financial year’s standing.

And 1 analysts are in estimates of company making revenue of 100k in the next quarter. Company posted 550k and 18k 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 4.74% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 27.50% while estimates for its earnings growth in next 5 years are of 20.00%.

Atomera Inc (NASDAQ:ATOM)’s Major holders

Insiders are in possession of 4.72% of company’s total shares while institution are holding 24.73 percent of that, with stock having share float percentage of 25.96%. Investors also watch the number of corporate investors in a company very closely, which is 24.73% institutions for Atomera Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at ATOM for having 1.2 million shares of worth $4.58 million. And as of 2024-06-30, it was holding 4.6135 of the company’s outstanding shares.

The second largest institutional holder is HOLLENCREST CAPITAL MANAGEMENT, which was holding about 0.72 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.7766 of outstanding shares, having a total worth of $2.75 million.