Atomera (NASDAQ:ATOM) Stock Crosses Above Fifty Day Moving Average - Should You Sell?

Key Points

• Technical move: Atomera briefly crossed above its 50-day moving average ($3.65), trading as high as $5.11 and last quoted at $4.60 on elevated volume, although the stock was reported down about 5.9% afterward.
• Analyst and fundamentals: Wall Street Zen upgraded the stock to a "hold" but the MarketBeat average remains a Sell; Atomera reported Q4 EPS of ($0.14) (in line with estimates), missed revenue ($0.05M vs $0.10M expected), has a negative P/E and a market cap near $178 million.
• Institutional ownership: Institutions own roughly 30.8% of the company, with several large holders (Vanguard, Geode, Avenir, Hollencrest, Quantum Private Wealth) modestly increasing positions recently.

Atomera Incorporated (NASDAQ:ATOM - Get Free Report)'s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $3.65 and traded as high as $5.11. Atomera shares last traded at $4.60, with a volume of 1,270,496 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Atomera from a "sell" rating to a "hold" rating in a research report on Saturday, February 28th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of "Sell".

Atomera Trading Down 5.9%

The stock has a 50-day simple moving average of $3.65 and a two-hundred day simple moving average of $3.32. The firm has a market capitalization of $178.02 million, a P/E ratio of -7.08 and a beta of 0.93.

Atomera (NASDAQ:ATOM - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The technology company reported ($0.14) EPS for the quarter, meeting the consensus estimate of ($0.14). The firm had revenue of $0.05 million for the quarter, compared to analysts' expectations of $0.10 million.

Institutional Investors Weigh In On Atomera

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Atomera by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,635,938 shares of the technology company's stock worth $7,231,000 after purchasing an additional 15,450 shares during the period. Geode Capital Management LLC increased its holdings in Atomera by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 740,985 shares of the technology company's stock valued at $1,638,000 after buying an additional 17,658 shares during the period. Avenir Corp increased its holdings in Atomera by 1.7% during the fourth quarter. Avenir Corp now owns 614,385 shares of the technology company's stock valued at $1,358,000 after buying an additional 10,000 shares during the period. Hollencrest Capital Management raised its stake in Atomera by 1.2% in the fourth quarter. Hollencrest Capital Management now owns 606,546 shares of the technology company's stock worth $1,340,000 after buying an additional 7,179 shares in the last quarter. Finally, Quantum Private Wealth LLC raised its stake in Atomera by 13.6% in the fourth quarter. Quantum Private Wealth LLC now owns 598,847 shares of the technology company's stock worth $1,323,000 after buying an additional 71,739 shares in the last quarter. Institutional investors own 30.79% of the company's stock.

Atomera Company Profile

Atomera Inc is a materials engineering company that develops and licenses advanced thin film technologies for the semiconductor industry. Its flagship offering, Mears Silicon Technology (MST), is designed to enhance transistor performance, improve power efficiency and boost device yields. Atomera's solutions are integrated into existing fabrication processes without major changes to equipment or materials flows, enabling foundries and integrated device manufacturers to adopt the technology with minimal disruption.

At the core of Atomera's business model is the licensing and patent-licensing of MST.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.