Atomera (NASDAQ:ATOM) Stock Crosses Below 50 Day Moving Average of $3.22

Atomera Incorporated (NASDAQ:ATOM)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $3.22 and traded as low as $2.49. Atomera shares last traded at $2.61, with a volume of 144,634 shares changing hands.

Analysts Set New Price Targets

Separately, Craig Hallum reduced their price objective on Atomera from $13.00 to $7.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st.

Atomera Stock Down 2.8 %

The firm has a market cap of $68.67 million, a price-to-earnings ratio of -3.17 and a beta of 1.52. The company has a current ratio of 6.03, a quick ratio of 6.03 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average of $3.16 and a 200-day moving average of $4.40.

Atomera (NASDAQ:ATOM) last released its quarterly earnings data on Tuesday, July 30th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The company had revenue of $0.07 million during the quarter.

Institutional Trading of Atomera

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Avenir Corp grew its holdings in shares of Atomera by 18.1% in the 4th quarter. Avenir Corp now owns 372,761 shares of the technology company’s stock worth $2,613,000 after acquiring an additional 57,045 shares during the last quarter. GSA Capital Partners LLP grew its holdings in shares of Atomera by 32.8% during the first quarter. GSA Capital Partners LLP now owns 142,541 shares of the technology company’s stock valued at $878,000 after buying an additional 35,175 shares in the last quarter. Quantum Private Wealth LLC grew its holdings in shares of Atomera by 25.4% during the first quarter. Quantum Private Wealth LLC now owns 301,720 shares of the technology company’s stock valued at $1,859,000 after buying an additional 61,074 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Atomera during the first quarter valued at $216,000. Finally, Westside Investment Management Inc. grew its holdings in shares of Atomera by 13.2% during the second quarter. Westside Investment Management Inc. now owns 95,720 shares of the technology company’s stock valued at $365,000 after buying an additional 11,150 shares in the last quarter. Institutional investors own 30.79% of the company’s stock.

Atomera Company Profile

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.