Aterian, Inc. (NASDAQ:ATER) price on Friday, Jun 04, rose 4.55% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $17.47.
A look at the stock’s price movement, the close in the last trading session was $16.71, moving within a range at $16.76 and $17.85. The beta value (5-Year monthly) was 0 while the PE ratio in trailing twelve months stood at 0. Turning to its 52-week performance, $48.99 and $4.5 were the 52-week high and 52-week low respectively. Overall, ATER moved 11.13% over the past month.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ATER is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of none analyst(s) rate the stock as a Hold, 6 recommend ATER as a Buy and none give it an Outperform rating. Meanwhile, none analyst(s) rate the stock as Underperform and none say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 0, with ATER’s current price about 9.23% and -20.13% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.29, while 7-day volatility ratio is 7.27% and 11.57% in the 30-day chart. Further, Aterian, Inc. (ATER) has a beta value of 0, and an average true range (ATR) of 1.81. Analysts have given the company’s stock an average 52-week price target of $38.17, forecast between a low of $26 and high of $50. Looking at the price targets, the low is 48.83% off current price level while to achieve the yearly target high, price needs to move +186.2%. Nonetheless, investors will most likely welcome a +114.65% jump to $37.5 which is the analysts’ median price.
In the market, a comparison of Aterian, Inc. (ATER) and its peers suggest the former has performed considerably better. Data shows ATER’s intraday price has changed +4.55% in last session and +235.96% over the past year. Comparatively, Thomson Reuters Corp (TRI) has moved +0.49% on the day and only +41.11% in the past 12 months. Looking at another peer, we see that Iqvia Holdings Inc (IQV) price has surged 0.21% on the day. However, the stock is 54.65% off its price a year ago. Moreover, Palantir Technologies Inc Cl A (PLTR) is also up 4.55% in trading on the day while keeping an uptrend of 235.96% over the past year. If we look at the PE ratio, we find that Aterian, Inc.’s ratio stands at 0 compared to Thomson Reuters Corp’s 8.16 and Iqvia Holdings Inc’s 111.62. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.88% and 0.52% respectively in the last trading.
If we refocus on Aterian, Inc. (NASDAQ:ATER), historical trading data shows that trading volumes averaged 619.67 Million over the past 10 days and 1.12 Million over the past 3 months. The company’s latest data on shares outstanding shows there are 30.62 Million shares.
As per Thomson Reuters, 40.9% of Aterian, Inc.’s shares are in the hands of company insiders while institutional holders own 14.88% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.63 Million on April 14, 2021, giving us a short ratio of 2.73. The data shows that as of April 14, 2021 short interest in Aterian, Inc. (ATER) stood at 8.64% of shares outstanding, with shares short rising to 2.39 Million registered in March. Current price change has pushed the stock +1.51% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ATER stock continues to rise going into the next quarter.