Atomera Incorporated (ATOM) shares are trading at higher $12.71. while the current analyst price target stands at $14.50.
To add more color to this target, the company’s high over the last year is $12.94 and the low is $2.53. Over the last 52 weeks, ATOM is up 213.05% while the S&P 500 is up 19.44%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
ATOM Return on Equity (ROE) is -92.60%, and its Return on Assets is -85.20%. All told, it is clear that, ATOM needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. ATOM has a short ratio of 2.62 and outstanding shares of 17.98M.
ATOM has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at -0.80. Atomera Incorporated ATOM also noted assets of $18.82 million at the end of the last quarter. Investors should also keep an eye on sector updates as ATOM has historically followed its peers on positive news.
All told, Atomera Incorporated ATOM has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ATOM represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Atomera Incorporated ATOM is now commanding a market cap of 248.48M and a float of 15.66M. ATOM is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of ATOM stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in ATOM, either long or short, and we have not been compensated for this article.