While Atricure Inc has overperformed by 1.55%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ATRC fell by -28.26%, with highs and lows ranging from $44.64 to $18.94, whereas the simple moving average jumped by 6.64% in the last 200 days.
On April 23, 2024, Oppenheimer Upgraded Atricure Inc (NASDAQ: ATRC) to Outperform. A report published by JMP Securities on October 23, 2023, Initiated its previous ‘Mkt Outperform’ rating for ATRC. UBS also rated ATRC shares as ‘Buy’, setting a target price of $56 on the company’s shares in an initiating report dated September 29, 2023. Needham resumed its ‘Buy’ rating for ATRC, as published in its report on December 18, 2020. Needham’s report from November 06, 2020 suggests a price prediction of $53 for ATRC shares, giving the stock a ‘Buy’ rating. Oppenheimer also rated the stock as ‘Outperform’.
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Analysis of Atricure Inc (ATRC)
Further, the quarter-over-quarter increase in sales is 15.21%, showing a positive trend in the upcoming months.
One of the most important indicators of Atricure Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -8.68% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.93, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and ATRC is recording 811.92K average volume. On a monthly basis, the volatility of the stock is set at 4.13%, whereas on a weekly basis, it is put at 3.83%, with a gain of 5.09% over the past seven days. Furthermore, long-term investors anticipate a median target price of $39.89, showing growth from the present price of $29.50, which can serve as yet another indication of whether ATRC is worth investing in or should be passed over.
How Do You Analyze Atricure Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 3.28%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 104.44% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ATRC shares are owned by institutional investors to the tune of 104.44% at present.
