Stocks of ATI Inc (NYSE:ATI) traded higher last session on Wall Street, up 9.94% to $63.72.
ATI stock price is now 11.24% away from the 50-day moving average and 7.33% away from the 200-day moving average. The market capitalization of the company currently stands at $9.09B.
On September 05, 2024, Susquehanna recently initiated its ‘Positive’ rating on the stock quoting a target price of $75, while ‘BTIG Research’ rates the stock as ‘Buy’
In other news, WETHERBEE ROBERT S, Executive Chairman sold 25,000 shares of the company’s stock on Dec 04 ’24. The stock was sold for $1,474,750 at an average price of $58.99. Upon completion of the transaction, the Executive Chairman now directly owns 436,443 shares in the company, valued at $27.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 04 ’24, SVP, CHRO Busch Tina Killough sold 2,598 shares of the business’s stock. A total of $155,919 was realized by selling the stock at an average price of $60.02. This leaves the insider owning 21,553 shares of the company worth $1.37 million. A total of 1.36% of the company’s stock is owned by insiders.
During the past 12 months, ATI Inc has had a low of $38.08 and a high of $68.92. As of last week, the company has a debt-to-equity ratio of 1.05, a current ratio of 2.94, and a quick ratio of 1.44. According to the stock market information, the enterprise value for the company is $9864964096, which is based on a 24.46 price-to-earnings ratio, a 1.45 price-to-earnings-growth ratio, and a beta of 1.14. The fifty day moving average price for ATI is $57.1718 and a two-hundred day moving average price translates $59.30225 for the stock.
The latest earnings results from ATI Inc (NYSE: ATI) was released for 2024-09-29. The net profit margin was 8.85% and return on equity was 24.84% for ATI. The company reported revenue of $1.05 billion for the quarter, compared to $1.03 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.5 percent.
