Atomera (NASDAQ:ATOM) Issues Earnings Results

Key Points

• Atomera reported a quarterly EPS of ($0.17), missing analysts' expectations of ($0.14) by $0.03, highlighting ongoing financial challenges with a negative net margin of 15,555.37%.
• Shares of Atomera increased by 2.0% during trading, closing at $4.66, although the company has seen significant volatility with a 12-month trading range from $2.31 to $17.55.
• Institutional investment is growing, with Goldman Sachs increasing its stake by 82.3% in the first quarter, indicating increased confidence from major investors, as institutional ownership now stands at 30.79%.

Atomera (NASDAQ:ATOM - Get Free Report) posted its earnings results on Tuesday. The technology company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.03), Zacks reports. Atomera had a negative net margin of 15,555.37% and a negative return on equity of 92.12%.

Atomera Stock Up 2.0%

Shares of NASDAQ ATOM traded up $0.09 during trading hours on Tuesday, hitting $4.66. 401,547 shares of the stock were exchanged, compared to its average volume of 616,664. The company has a market cap of $143.06 million, a PE ratio of -7.06 and a beta of 1.20. The firm has a fifty day moving average price of $5.35 and a 200-day moving average price of $5.79. Atomera has a 12 month low of $2.31 and a 12 month high of $17.55.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Atomera stock. Goldman Sachs Group Inc. increased its stake in Atomera Incorporated (NASDAQ:ATOM - Free Report) by 82.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,254 shares of the technology company's stock after purchasing an additional 63,305 shares during the period. Goldman Sachs Group Inc. owned 0.46% of Atomera worth $561,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 30.79% of the company's stock.

Atomera Company Profile

Atomera Incorporated engages in the developing, commercializing, and licensing proprietary processes and technologies for the semiconductor industry in North America and the Asia Pacific. The company's lead technology is the Mears Silicon Technology, a thin film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors.

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