Atomera Incorporated (NASDAQ:ATOM - Get Free Report) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.91 and traded as low as $4.19. Atomera shares last traded at $4.20, with a volume of 403,517 shares changing hands.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Atomera from a "hold" rating to a "sell" rating in a report on Monday, August 17th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Atomera in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of "Sell".
Read Our Latest Stock Report on Atomera
Atomera Trading Down 6.0%
The firm has a market cap of $163.88 million, a PE ratio of -6.46 and a beta of 2.11. The business has a fifty day moving average of $5.91 and a 200-day moving average of $6.29.
Atomera (NASDAQ:ATOM - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.04). Atomera had a negative net margin of 9,742.17% and a negative return on equity of 77.91%. The company had revenue of $0.16 million for the quarter, compared to the consensus estimate of $0.10 million.
Insider Buying and Selling
In related news, CFO Francis Laurencio sold 20,400 shares of the business's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $9.44, for a total transaction of $192,576.00. Following the completion of the transaction, the chief financial officer owned 253,353 shares of the company's stock, valued at approximately $2,391,652.32. The trade was a 7.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.10% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. HRT Financial LP bought a new position in Atomera in the 4th quarter worth about $29,000. Legal & General Group Plc purchased a new stake in shares of Atomera in the 2nd quarter valued at about $32,000. California State Teachers Retirement System bought a new stake in shares of Atomera during the 2nd quarter valued at about $32,000. AQR Capital Management LLC grew its holdings in shares of Atomera by 25.2% during the fourth quarter. AQR Capital Management LLC now owns 22,210 shares of the technology company's stock worth $49,000 after purchasing an additional 4,475 shares in the last quarter. Finally, Abel Hall LLC purchased a new position in shares of Atomera during the first quarter worth about $53,000. 30.79% of the stock is currently owned by hedge funds and other institutional investors.
Atomera Company Profile
(
Get Free Report)
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.
Recommended Stories
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.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Atomera, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Atomera wasn't on the list.
While Atomera currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI boom extends far beyond the biggest tech names. Discover 10 companies supplying the memory, storage, networking, semiconductor manufacturing, and power infrastructure that make AI possible. Learn where the next wave of AI investment opportunities may emerge—and the key risks investors should watch as the global AI buildout accelerates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
