In yesterday’s Wall Street session, Aterian Inc. (NASDAQ:ATER) shares traded at $0.48, down -1.26% from the previous session.
4 analysts cover Aterian Inc. (NASDAQ:ATER), according to research data. 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 $0.50, we find $1.25. Given the previous closing price of $0.48, this indicates a potential upside of 160.42 percent. ATER stock price is now -14.07% away from the 50-day moving average and -46.97% away from the 200-day moving average. The market capitalization of the company currently stands at $39.50M.
The stock has received a hold rating from 3 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $1.25 as their price target over the next twelve months.
With the price target of $3, Craig Hallum recently initiated with Buy rating for Aterian Inc. (NASDAQ: ATER).
In other news, Sarig Yaniv Zion, Chief Executive Officer sold 93,378 shares of the company’s stock on Jun 12. The stock was sold for $47,567 at an average price of $0.51. Upon completion of the transaction, the Chief Executive Officer now directly owns 2,982,259 shares in the company, valued at $1.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 12, Chief Financial Officer Rodriguez Arturo sold 74,771 shares of the business’s stock. A total of $38,066 was realized by selling the stock at an average price of $0.51. This leaves the insider owning 1,333,008 shares of the company worth $0.64 million. Insiders disposed of 346,611 shares of company stock worth roughly $0.17 million over the past 1 year. A total of 3.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ATER stock. A new stake in Aterian Inc. shares was purchased by RENAISSANCE TECHNOLOGIES LLC during the first quarter worth $88,000. PANAGORA ASSET MANAGEMENT INC invested $60,000 in shares of ATER during the first quarter. In the first quarter, SUSQUEHANNA INTERNATIONAL GROUP, LLP acquired a new stake in Aterian Inc. valued at approximately $55,000. PRUDENTIAL FINANCIAL INC acquired a new stake in ATER for approximately $18,000. APOLLO MANAGEMENT HOLDINGS, L.P. purchased a new stake in ATER valued at around $13,000 in the second quarter. In total, there are 94 active investors with 26.20% ownership of the company’s stock.
On Friday morning Aterian Inc. (NASDAQ: ATER) stock kicked off with the opening price of $0.4880. During the past 12 months, Aterian Inc. has had a low of $0.35 and a high of $3.58. As of last week, the company has a debt-to-equity ratio of 0.26, a current ratio of 2.00, and a quick ratio of 1.00. The fifty day moving average price for ATER is $0.5547 and a two-hundred day moving average price translates $0.8986 for the stock.
The latest earnings results from Aterian Inc. (NASDAQ: ATER) was released for Mar, 2023. According to the Furnishings Fixtures & Appliances Company, earnings per share came in at -$0.34, missing analysts’ expectations of -$0.16 by -0.18. This compares to -$0.78 EPS in the same period last year. The net profit margin was -83.60% and return on equity was -149.10% for ATER. The company reported revenue of $34.88 million for the quarter, compared to $41.67 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -16.3 percent. For the current quarter, analysts expect ATER to generate $41.11M in revenue.
