ATI Inc (NYSE: ATI): Is It A Buying Opportunity Again?

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. The stock was recently discussed on Yahoo Finance as it revealed that ATI CFO Don Newman to speak at Cowen Aerospace & Defense Conference.

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Stocks Info

ATI belongs to the Industrials sector of the NYSE while operating in the Metal Fabrication industry. The current market capitalization of ATI Inc is $5.70B. A total of 1.07 million shares were traded on the day, compared to an average of 1.48M 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 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 6,591 shares. Over the last 12 months, there were 14 BUYs and 17 SELLs from insiders. Insiders purchased 123,839 shares during that period but sold 99,867.

In the most recent transaction, Harris Timothy J sold 6,325 shares of ATI for 41.88 per share on Feb 13. After the transaction, the Senior VP and CDIO now owns 103,006 company shares. In a previous transaction on Feb 12, Harris Timothy J sold 6,325 shares at 42.44 per share. ATI shares that Senior VP and CDIO owns now total 109,331.

Among the insiders who sold shares, Davis Elliot S disposed of 1,789 shares on Jan 04 at a per-share price of $43.06. This resulted in the Chief Legal & Compl. Officer holding 136,050 shares of ATI after the transaction. In another insider transaction, Davis Elliot S sold 12,123 shares at $43.37 per share on Jan 03. Company shares held by the Chief Legal & Compl. Officer now total 123,927.

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 $52.88 with high estimates of $55.00 and low estimates of $49.00. In terms of 52-week highs and lows, ATI has a high of $47.92 and a low of $34.10.

As of this writing, ATI has an earnings estimate of $0.41 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.44 per share and a lower estimate of $0.37. The company reported an EPS of $0.55 in the last quarter, which was 3.80% higher than expectations of $0.53.

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. ATI’s latest balance sheet shows that the firm has $687.70M in Cash & Short Term Investments as of fiscal 2021. There were $1.84B in debt and $856.40M in liabilities at the time. Its Book Value Per Share was $9.71, while its Total Shareholder’s Equity was $832.70M.

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, 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 ATI is Buy with a score of 5.00.

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