KeyBanc Capital Markets has recently reduced ATI Inc (ATI) stock to Sector Weight rating, as announced on October 24, 2024, according to Finviz. Earlier, on September 5, 2024, Susquehanna had initiated the stock to Positive, setting a price target of $75. BTIG Research also initiated Buy rating with a price target of $70. Additionally, Northcoast reduced Sell rating on June 14, 2024. Deutsche Bank analysts, in their report published on April 11, 2024, also initiated Buy rating and set a price target of $70 for ATI Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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ATI Inc (ATI) Stock Trading Recap
On Thursday, ATI Inc (ATI) stock saw a decline, ending the day at $52.71 which represents a decrease of $-1.50 or -2.77% from the prior close of $54.21. The stock opened at $54 and touched a low of $52.62 during the day, reaching a high of $54.42. The volume of shares traded was 2.51 million exceeding the average volume of 1.37 million.
ATI Stock Performance and Moving Averages
In recent trading, ATI Inc (ATI) stock price has shown some volatility, fluctuating -14.28% over the last five trades and -19.64% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -9.20%, and it has plunged by -15.28% in the previous three months. Currently, ATI is trading at -14.78%, -16.06%, and -6.06% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, ATI, a Industrials sector stock, is trading -23.52% below its 52-week high but remains 43.62% above its 52-week low. The Average True Range (ATR) (14 days) of 2.03 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
ATI Inc’s Profitability and Valuation Ratios
ATI Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 11.86% and a profit margin of 8.85%, with a gross margin of -9.20%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, ATI Inc’s market capitalization stands at $7.52 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 20.23, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 17.64. Additionally, the Price-to-Sales Ratio is 1.77, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 5.19, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 1.31% of ATI Inc (ATI)’s shares, while financial institutions hold 106.20%.
Notable insider trades include WETHERBEE ROBERT S, Executive Chairman at ATI Inc (ATI), who sold 25000 shares on Oct 15 ’24, at $62.23 each, totaling $1.56 million. On Sep 16 ’24, WETHERBEE ROBERT S, Executive Chairman, sold 25000 shares for $61.61 each, amounting to $1.54 million. Additionally, on Feb 29 ’24, Davis Elliot S sold 45351 shares at $49.12 each, generating $2.23 million.
