What Makes Atomera Inc (NASDAQ: ATOM) One Of The Best Momentum Picks?

Atomera Inc (NASDAQ:ATOM) shares, rose in value on Thursday, April 16, with the stock price up by 1.27% to the previous day’s close as strong demand from buyers drove the stock to $3.99.

Actively observing the price movement in the last trading, the stock closed the session at $3.94, falling within a range of $3.92 and $4.09. The value of beta (5-year monthly) was 1.628. Referring to stock’s 52-week performance, its high was $17.55, and the low was $2.31. On the whole, ATOM has fluctuated by -31.56% over the past month.

With the market capitalization of Atomera Inc currently standing at about $122.51 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-10.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ATOM’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.

The stock’s technical analysis shows that the price of ATOM currently trading nearly -6.87% and -26.97% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.72, while the 7-day volatility ratio is showing 6.85% which for the 30-day chart, stands at 10.64%. Furthermore, Atomera Inc (ATOM)’s beta value is 1.33, and its average true range (ATR) is 0.50.

A comparison of Atomera Inc (ATOM) with its peers suggests the former has fared considerably weaker in the market. ATOM showed an intraday change of 1.27% in last session, and over the past year, it shrunk by -33.94%%.

Data on historical trading for Atomera Inc (NASDAQ:ATOM) indicates that the trading volumes over the past 10 days have averaged 0.37 and over the past 3 months, they’ve averaged 658.35K. According to company’s latest data on outstanding shares, there are 30.54 million shares outstanding.

Nearly 6.18% of Atomera Inc’s shares belong to company insiders and institutional investors own 27.59% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.59 million shares as on 2025-03-31, resulting in a short ratio of 8.96. According to the data, the short interest in Atomera Inc (ATOM) stood at 1563.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 4.63 million. The stock has fallen by -65.60% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ATOM stock heading into the next quarter.

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