What Are The Chances Of Atricure Inc (NASDAQ: ATRC) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. The stock was recently discussed on Yahoo Finance as it revealed that AtriCure to Announce Fourth Quarter and Full Year 2023 Financial Results and Participate in 2024 BTIG Medical Technology Conference.

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Stocks Info

As a NASDAQ listed company, ATRC falls under the Healthcare sector while operating within the Medical Instruments & Supplies industry segment. At the end of the last regular session, the stock closed at $33.68 and fluctuated between $34.47 as its day high and $33.44 as its day low. The current market capitalization of Atricure Inc is $1.60B. A total of 0.61 million shares were traded on the day, compared to an average of 558.53K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, ATRC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 30 BUYs and 18 SELLs from insiders. Insiders purchased 347,095 shares during that period but sold 110,344.

In the most recent transaction, Dahlquist Karl S. sold 1,248 shares of ATRC for 34.43 per share on Nov 01. After the transaction, the Chief Legal Officer now owns 30,789 company shares. In a previous transaction on Jul 26, Dahlquist Karl S. sold 3,417 shares at 57.09 per share. ATRC shares that Chief Legal Officer owns now total 32,037.

Among the insiders who sold shares, Prange Karen disposed of 713 shares on Jun 08 at a per-share price of $47.89. This resulted in the Director holding 16,140 shares of ATRC after the transaction. In another insider transaction, Dahlquist Karl S. sold 1,422 shares at $47.03 per share on Jun 06. Company shares held by the Chief Legal Officer now total 34,897.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for ATRC in the last 3 months, the mean price target is $55.38 with high estimates of $65.00 and low estimates of $44.00. In terms of 52-week highs and lows, ATRC has a high of $59.61 and a low of $32.17.

As of this writing, ATRC has an earnings estimate of -$0.23 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.2 per share and a lower estimate of -$0.29. The company reported an EPS of -$0.11 in the last quarter, which was 62.10% higher than expectations of -$0.29.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. ATRC’s latest balance sheet shows that the firm has $119.09M in Cash & Short Term Investments as of fiscal 2021. There were $73.89M in debt and $56.45M in liabilities at the time. Its Book Value Per Share was $9.77, while its Total Shareholder’s Equity was $483.76M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 ATRC is Buy with a score of 4.67.

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