Atricure Inc (NASDAQ:ATRC) shares, rose in value on Friday, November 01, with the stock price up by 0.99% to the previous day’s close as strong demand from buyers drove the stock to $33.51.
Actively observing the price movement in the last trading, the stock closed the session at $33.18, falling within a range of $33.19 and $34.3. The value of beta (5-year monthly) was 1.438. Referring to stock’s 52-week performance, its high was $43.00, and the low was $18.94. On the whole, ATRC has fluctuated by 22.12% over the past month.
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With the market capitalization of Atricure Inc currently standing at about $1.63 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-13.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 460.89M, with a low estimate of 119.2M and a high estimate of 120.97M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 119.85M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ATRC’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of ATRC currently trading nearly 15.28% and 19.66% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.32, while the 7-day volatility ratio is showing 5.86% which for the 30-day chart, stands at 3.88%. Furthermore, Atricure Inc (ATRC)’s beta value is 1.41, and its average true range (ATR) is 1.50.
A comparison of Atricure Inc (ATRC) with its peers suggests the former has fared considerably weaker in the market. ATRC showed an intraday change of 0.99% in last session, and over the past year, it shrunk by -4.28%%.
Data on historical trading for Atricure Inc (NASDAQ:ATRC) indicates that the trading volumes over the past 10 days have averaged 0.82 and over the past 3 months, they’ve averaged 615.91K. According to company’s latest data on outstanding shares, there are 47.53 million shares outstanding.
Nearly 3.28% of Atricure Inc’s shares belong to company insiders and institutional investors own 104.12% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.29 million shares as on 2024-10-15, resulting in a short ratio of 6.44. According to the data, the short interest in Atricure Inc (ATRC) stood at 696.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 3.55 million. The stock has fallen by -6.11% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ATRC stock heading into the next quarter.
