Aterian Inc. (NASDAQ:ATER) price is hovering lower on Monday, September 13, dropping -22.08% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $17.98, with intraday deals fluctuating between $14.19 and $19.10. The company’s 5Y monthly beta was ticking 4.12. Taking into account the 52-week price action we note that the stock hit a 52-week high of $48.99 and 52-week low of $3.04. The stock added 304.95% on its value in the past month.
Aterian Inc., which has a market valuation of $554.32 million, is expected to release its quarterly earnings report Nov 08, 2021 – Nov 12, 2021. Analysts tracking ATER have forecast the quarterly EPS to shrink by -0.55 per share this quarter, while the same analysts predict the annual EPS to hit -$5.14 for the year 2021 and up to -$2.05 for 2022. In this case, analysts estimate an annual EPS growth of -242.70% for the year and 60.10% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $77.06 million, with the likely lows of $60.06 million and highs of $116.7 million. The average estimate suggests sales growth for the quarter will likely rise by 31.10% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $267.43 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 44.00% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give ATER a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 5 analysts have assigned ATER a recommendation rating as follows: 1 rate it as a Hold; 4 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Aterian Inc. (ATER) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that ATER’s price is at present 118.76% off the SMA20 and 65.91% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 65.61, with weekly volatility standing at 32.11%. The indicator jumps to 23.59% when calculated based on the past 30 days. Aterian Inc. (NASDAQ:ATER)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 1.93. Considering analysts have assigned the stock a price target range of $5.50-$15.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $9.30. Based on this estimate, we see that today’s price at last check is roughly 60.74% off the estimated low and -7.07% off the forecast high. Investors will no doubt be excited to see the share price rise to $9.00, which is the median consensus price, and at that level ATER would be 35.76% from recent price.
An analysis of the Aterian Inc. (NASDAQ:ATER) stock in terms of its daily trading volume indicates that the 3-month average is 11.96 million.
Current records show that the company has 29.55M in outstanding shares. The insiders’ percentage holdings are 5.90% of outstanding shares while the percentage share held by institutions stands at 31.10%. But the 4.47% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.