In yesterday’s Wall Street session, ATI Physical Therapy Inc. (NYSE:ATIP) shares traded at $0.30, up 19.95% from the previous session.
As of this writing, 6 analysts cover ATI Physical Therapy Inc. (NYSE:ATIP). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $2.00 and a low of $0.40, we find $0.65. Given the previous closing price of $0.25, this indicates a potential upside of 160.0 percent. ATIP stock price is now -53.28% away from the 50-day moving average and -76.04% away from the 200-day moving average. The market capitalization of the company currently stands at $64.68M.
There are 6 analysts who have given it a hold rating, whereas 0 have given it a buy rating. Brokers who have rated the stock have averaged $0.91 as their price target over the next twelve months.
With the price target reduced from $2 to $1.15, Jefferies Downgraded its rating from Buy to Hold for ATI Physical Therapy Inc. (NYSE: ATIP). On April 06, 2022, Deutsche Bank recently initiated its ‘Hold’ rating on the stock quoting a target price of $2, while ‘The Benchmark Company’ rates the stock as ‘Buy’.
In other news, Tansey Eimile, Chief People Officer bought 45,000 shares of the company’s stock on Nov 17. The stock was bought for $24,615 at an average price of $0.55. Upon completion of the transaction, the Chief People Officer now directly owns 133,652 shares in the company, valued at $40095.6. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 25, Director Dourney Daniel bought 1,000 shares of the business’s stock. A total of $2,070 was incurred on buying the stock at an average price of $2.07. This leaves the insider owning 1,000 shares of the company worth $300.0. Insiders disposed of 7,019 shares of company stock worth roughly $2105.7 over the past 1 year. A total of 0.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ATIP stock. A new stake in ATI Physical Therapy Inc. shares was purchased by MILLENNIUM MANAGEMENT LLC during the first quarter worth $68,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $35,000 in shares of ATIP during the first quarter. In the first quarter, XTX TOPCO LTD acquired a new stake in ATI Physical Therapy Inc. valued at approximately $10,000. IONIC CAPITAL MANAGEMENT LLC acquired a new stake in ATIP for approximately $10,000. BNP PARIBAS ARBITRAGE, SNC purchased a new stake in ATIP valued at around $10,000 in the second quarter. In total, there are 123 active investors with 91.00% ownership of the company’s stock.
Tuesday morning saw ATI Physical Therapy Inc. (NYSE: ATIP) opened at $0.2500. During the past 12 months, ATI Physical Therapy Inc. has had a low of $0.25 and a high of $3.93. As of last week, the company has a debt-to-equity ratio of 3.26, a current ratio of 1.40, and a quick ratio of 1.40. The fifty day moving average price for ATIP is $0.6420 and a two-hundred day moving average price translates $1.2518 for the stock.
The latest earnings results from ATI Physical Therapy Inc. (NYSE: ATIP) was released for Jun, 2022. According to the Medical Care Facilities Company, earnings per share came in at -$0.05, beating analysts’ expectations of -$0.06 by 0.01. This compares to -$1.66 EPS in the same period last year. The net profit margin was -60.60% and return on equity was -117.00% for ATIP. The company reported revenue of $156.79 million for the quarter, compared to $159.01 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.4 percent. For the current quarter, analysts expect ATIP to generate $164.15M in revenue.
ATI Physical Therapy Inc.(ATIP) Company Profile
ATI Physical Therapy, Inc. operates as an outpatient physical therapy provider that specializes in outpatient rehabilitation and adjacent healthcare services in the United States. It offers a range of services to its patients, including physical therapy to treat spine, shoulder, knee, and neck injuries or pain; work conditioning and work hardening; and hand therapy, aquatic therapy, functional capacity assessment, and wellness programs. It also provides ATI worksite solutions comprising injury prevention programs, work-related injury assessment services, wellness offerings, and consultations for employers; proprietary electronic medical records (EMR) integration, caseload management, and continuing education in progressive therapies; and sports medicine, including onsite sports physical therapy, clinical evaluation and diagnosis, immediate and emergency care, nutrition programs, and concussion management services. The company offers outpatient physical therapy services under the ATI Physical Therapy name. As of December 31, 2021, it had 910 owned and 20 managed clinics. ATI Physical Therapy, Inc. was founded in 1996 and is based in Bolingbrook, Illinois.