Atomera (NASDAQ:ATOM) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Atomera (NASDAQ:ATOM) released its earnings results on Tuesday. The technology company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01), Zacks reports. The company had revenue of $0.07 million for the quarter.

Atomera Stock Performance

NASDAQ:ATOM traded down $0.38 during mid-day trading on Thursday, hitting $3.13. The company’s stock had a trading volume of 193,702 shares, compared to its average volume of 250,359. The business’s fifty day moving average is $3.89 and its two-hundred day moving average is $5.40. The stock has a market cap of $84.03 million, a price-to-earnings ratio of -4.04 and a beta of 1.58. Atomera has a 1 year low of $3.02 and a 1 year high of $9.19. The company has a debt-to-equity ratio of 0.08, a current ratio of 6.78 and a quick ratio of 6.78.

Analyst Ratings Changes

Separately, Craig Hallum cut their target price on Atomera from $13.00 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday.

About Atomera

Atomera Incorporated engages in the developing, commercializing, and licensing proprietary processes and technologies for the semiconductor industry in North America and the Asia Pacific. The company's lead technology is the Mears Silicon Technology, a thin film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors.