ATI Physical Therapy (ATIP) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ATI Physical Therapy in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ATIP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ATIP, but not buy additional shares or sell existing shares.
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3 brokers have issued 12 month price objectives for ATI Physical Therapy's stock. Their ATIP share price forecasts range from $57.50 to $100.00. On average, they anticipate the company's share price to reach $72.50 in the next twelve months. This suggests a possible upside of 718.3% from the stock's current price.
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ATI Physical Therapy's stock was trading at $15.25 on January 1st, 2023. Since then, ATIP stock has decreased by 41.9% and is now trading at $8.86.
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ATI Physical Therapy saw a drop in short interest in August. As of August 31st, there was short interest totaling 56,600 shares, a drop of 35.3% from the August 15th total of 87,500 shares. Based on an average daily trading volume, of 39,500 shares, the days-to-cover ratio is presently 1.4 days. Currently, 4.6% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
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ATI Physical Therapy, Inc. (NYSE:ATIP) released its earnings results on Monday, August, 7th. The company reported ($15.80) EPS for the quarter, missing analysts' consensus estimates of ($3.50) by $12.30. The company had revenue of $172.34 million for the quarter, compared to the consensus estimate of $170.17 million. ATI Physical Therapy had a negative trailing twelve-month return on equity of 184.00% and a negative net margin of 40.75%.

Shares of ATI Physical Therapy reverse split on Thursday, June 15th 2023. The 1-50 reverse split was announced on Thursday, June 15th 2023. The number of shares owned by shareholders was adjusted after the closing bell on Thursday, June 15th 2023. An investor that had 100 shares of stock prior to the reverse split would have 2 shares after the split.

ATI Physical Therapy issued an update on its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $680.00 million-$695.00 million, compared to the consensus revenue estimate of $670.10 million.

ATI Physical Therapy trades on the New York Stock Exchange (NYSE) under the ticker symbol "ATIP."

Shares of ATIP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ATIP stock can currently be purchased for approximately $8.86.

ATI Physical Therapy (NYSE:ATIP) has a market capitalization of $37.27 million and generates $657.83 million in revenue each year. The company earns $-492,380,000.00 in net income (profit) each year or ($81.74) on an earnings per share basis.

The company employs 5,700 workers across the globe.

ATI Physical Therapy's mailing address is 1345 AVENUE OF THE AMERICAS, NEW YORK NY, 10105. The official website for the company is www.atipt.com. The company can be reached via phone at 630-296-2223 or via email at investors@atipt.com.