Now Is A Suitable Moment For A Long-Term Purchase Of Atomera Incorporated (NASDAQ: ATOM)


BlackRock Fund Advisors recently announced the acquisition of new stake in Atomera Incorporated (NASDAQ:ATOM). The institutional investor has increased its shareholding in the Technology company by 1,173.81% to 0.91 million shares with purchase of 0.84 million shares. This fresh investment now brings its stake to 4.61% valued currently at $9.73 million. In addition, The Vanguard Group, Inc. raised its holdings by 94893.0 to 0.6 million shares.

With over 1.09 million Atomera Incorporated (ATOM) shares trading Monday and a closing price of $11.61 on the day, the dollar volume was approximately $12.63 million. The shares have shown a positive weekly performance of 2.11% and its price on 08/24/20 lost nearly -2.35%. Currently, there are 17.98M common shares owned by the public and among those 15.66M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for ATOM have a consensus price objective of $14.50. The analysts have set the share’s price value over the next 12 months at a high of $15.00 and a low of $14.00 should the stock experience a downside. The average price target is 19.93% above its last price level and an upside to the estimated low will see the stock gain 17.07% over that period. But an upside of 22.6% will see the stock hit the forecast high price target while mean target price for the stock is $14.50.

Insiders at the company have transacted a total of 33 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 13 of these insider trades were purchases, accounting for 298,718 shares. Insider sales of the common stock occurred on 20 occasions, with total insider shares sold totaling 46,558 shares.

The top 3 mutual fund holders in Atomera Incorporated are Vanguard Total Stock Market Index, iShares Russell 2000 ETF, and Vanguard Extended Market Index Fu. Vanguard Total Stock Market Index owns 0.51 million shares of the company’s stock, all valued at over $5.47 million. The company bought an additional 0.13 million shares recently to bring their total holdings to about 2.59% of the shares outstanding. iShares Russell 2000 ETF sold 13804.0 shares to see its total holdings shrink to 0.3 million shares valued at over $3.17 million and representing 1.50% of the shares outstanding. Vanguard Extended Market Index Fu bought 8171.0 shares to bring its total holdings to over 0.14 million shares at a value of $1.46 million. Vanguard Extended Market Index Fu now owns shares totaling to 0.69% of the shares outstanding.

Shares of Atomera Incorporated (NASDAQ: ATOM) opened at $12.50, up $0.61 from a prior closing price of $11.89. However, the script later closed the day at $11.61, down -2.35%. The company’s stock has a 5-day price change of 2.11% and 44.40% over the past three months. ATOM shares are trading 276.95% year to date (YTD), with the 12-month market performance up to 166.90% higher. It has a 12-month low price of $2.53 and touched a high of $12.94 over the same period. Currently, 1.09 million shares have been traded, compared to an average intraday trading volume of 614.00K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.33%, 12.66%, and 95.63% respectively.

Institutional ownership of Atomera Incorporated (NASDAQ: ATOM) shares accounts for 24.70% of the company’s 17.98M shares outstanding. Mutual fund holders own 7.18%, while other institutional holders and individual stakeholders account for 9.08% and 16.68% respectively.

It has a market capitalization of $232.78M and a beta (3y monthly) value of 1.63. The earnings-per-share (ttm) stands at -$0.80. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.06% over the week and 8.51% over the month.

Analysts forecast that Atomera Incorporated (ATOM) will achieve an EPS of -$0.2 for the current quarter, -$0.2 for the next quarter and -$0.78 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.21 while analysts give the company a high EPS estimate of -$0.2. Comparatively, EPS for the current quarter was -$0.19 a year ago. Earnings per share for the fiscal year are expected to increase by 17.70%, and 7.10% over the next financial year.

Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 0 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the ATOM, a number of firms have released research notes about the stock. ROTH Capital stated their Buy rating for the stock in a research note on October 18, 2018, with the firm’s price target at. Loop Capital coverage for the Atomera Incorporated (ATOM) stock in a research note released on June 22, 2018 offered a Buy rating with a price target of.


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