Atomera (NASDAQ:ATOM) Sets New 1-Year High – Should You Buy?

Atomera Incorporated (NASDAQ:ATOM)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $17.52 and last traded at $17.39, with a volume of 555907 shares changing hands. The stock had previously closed at $16.55.

Atomera Stock Performance

The company has a market cap of $341.31 million, a price-to-earnings ratio of -16.94 and a beta of 1.38. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.25 and a current ratio of 5.25. The stock’s fifty day simple moving average is $7.82 and its two-hundred day simple moving average is $4.82.

Institutional Investors Weigh In On Atomera

Several institutional investors and hedge funds have recently added to or reduced their stakes in ATOM. Consolidated Planning Corp purchased a new stake in Atomera during the third quarter worth approximately $40,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Atomera during the 3rd quarter valued at $44,000. XTX Topco Ltd purchased a new stake in Atomera during the 3rd quarter worth $76,000. GSA Capital Partners LLP increased its holdings in Atomera by 28.0% in the 3rd quarter. GSA Capital Partners LLP now owns 65,428 shares of the technology company’s stock valued at $172,000 after purchasing an additional 14,327 shares in the last quarter. Finally, Westside Investment Management Inc. raised its position in Atomera by 20.9% in the third quarter. Westside Investment Management Inc. now owns 115,700 shares of the technology company’s stock valued at $304,000 after purchasing an additional 19,980 shares during the period. 30.79% of the stock is currently owned by institutional investors and hedge funds.

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.