Is ATI Inc (NYSE: ATI) No Longer A Good Investment?

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. Most recently, Yahoo Finance reported about the stock as it publicized that ATI CFO Don Newman to speak at 2024 JP Morgan Industrials Conference.

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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 $50.63 and fluctuated between $51.95 as its day high and $50.60 as its day low. The current market capitalization of ATI Inc is $6.47B. A total of 0.79 million shares were traded on the day, compared to an average of 1.42M shares.

In the most recent transaction, Davis Elliot S sold 45,351 shares of ATI for 49.12 per share on Feb 29 ’24. After the transaction, the Chief Legal & Compl. Officer now owns 123,927 company shares. In a previous transaction on Feb 13 ’24, Harris Timothy J sold 6,325 shares at 41.88 per share. ATI shares that Senior VP and CDIO owns now total 103,006.

Among the insiders who sold shares, Harris Timothy J disposed of 6,325 shares on Feb 12 ’24 at a per-share price of $42.44. This resulted in the Senior VP and CDIO holding 109,331 shares of ATI after the transaction. In another insider transaction, Davis Elliot S sold 1,789 shares at $43.06 per share on Jan 04 ’24. Company shares held by the Chief Legal & Compl. Officer now total 136,050.

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. In terms of 52-week highs and lows, ATI has a high of $51.25 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 7 estimates, with a high estimate of $0.45 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 $10.82, 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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