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Wednesday, February 1, 2023

An Evaluation Of ATI Inc. (NYSE: ATI) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for ATI Inc. (ATI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.20, or 0.63%, to $32.15. The ATI Inc. has recorded 29,014 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed ATI Announces Webcast for Fourth Quarter 2022 Results.

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Stocks Info

ATI belongs to the Industrials sector of the NYSE while operating in the Metal Fabrication industry. At the end of the last regular session, the stock closed at $31.95 and fluctuated between $32.35 as its day high and $30.45 as its day low. The current market capitalization of ATI Inc. is $4.22B. A total of 1.71 million shares were traded on the day, compared to an average of 1.16M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ATI has seen 2 BUY and 2 SELL insider trades, representing the acquisition of 15,206 and the disposition of 43,572 shares. Over the last 12 months, there were 19 BUYs and 43 SELLs from insiders. Insiders purchased 132,203 shares during that period but sold 225,892.

In the most recent transaction, Davis Elliot S sold 28,572 shares of ATI for 30.68 per share on Dec 06. After the transaction, the Chief Legal & Compl. Officer now owns 160,350 company shares. In a previous transaction on Nov 01, WETHERBEE ROBERT S sold 15,000 shares at 30.23 per share. ATI shares that Board Chair, President and CEO owns now total 333,753.

Among the insiders who sold shares, WETHERBEE ROBERT S disposed of 15,000 shares on Oct 03 at a per-share price of $27.13. This resulted in the Board Chair, President and CEO holding 343,753 shares of ATI after the transaction. In another insider transaction, Schwartz Karl D sold 1,000 shares at $31.32 per share on Sep 12. Company shares held by the VP, Controller & CAO now total 62,833.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. ATI’s most recent ex-dividend date was 8/16/2016 when it declared a $0.08 quarterly dividend that was paid in cash on 9/8/2016. Previously, the company paid the dividend on 6/9/2016 with an ex-dividend date of 5/25/2016. The ATI stock dividend was $0.08 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ATI in the last 3 months, the mean price target is $35.88 with high estimates of $40.00 and low estimates of $31.00. In terms of 52-week highs and lows, ATI has a high of $33.31 and a low of $16.78.

As of this writing, ATI has an earnings estimate of $0.52 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.56 per share and a lower estimate of $0.5. The company reported an EPS of $0.42 in the last quarter, which was 110.00% higher than expectations of $0.2.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 9 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ATI is Overweight with a score of 5.00. A total of 6 analysts rated the stock as Buy while 3 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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