Atome (LON:ATOM) Stock Price Down 15.7% – Here’s Why

Atome Plc (LON:ATOM)’s stock price was down 15.7% during trading on Wednesday . The company traded as low as GBX 33 and last traded at GBX 35. Approximately 967,102 shares traded hands during trading, an increase of 151% from the average daily volume of 385,366 shares. The stock had previously closed at GBX 41.50.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group decreased their target price on Atome from GBX 140 to GBX 115 and set a “speculative buy” rating on the stock in a report on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 122.50.

Atome Stock Down 15.7%

The business’s 50 day simple moving average is GBX 62.83 and its 200 day simple moving average is GBX 58.45. The company has a market capitalization of £33.58 million, a PE ratio of -2.32 and a beta of 0.49. The company has a quick ratio of 5.80, a current ratio of 0.22 and a debt-to-equity ratio of 46.56.

Insider Buying and Selling at Atome

In other news, insider James E. C. Spalding (Hellmers) purchased 198,347 shares of Atome stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average price of GBX 60 per share, for a total transaction of £119,008.20. Also, insider Nikita Petrovich Levine acquired 246,914 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average cost of GBX 60 per share, with a total value of £148,148.40. Insiders have acquired 5,480,563 shares of company stock valued at $328,833,780 over the last three months. 26.21% of the stock is owned by insiders.

About Atome

ATOME PLC is the first green fertiliser production company listed on the UK market with large-scale production planned in Paraguay and Costa Rica, targeting the fast-growing global demand for green products.