Atomera (NASDAQ:ATOM) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Atomera Incorporated (NASDAQ:ATOM) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.65 and traded as high as $5.11. Atomera shares last traded at $4.60, with a volume of 1,270,496 shares changing hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Atomera from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Atomera presently has a consensus rating of “Sell”.

Atomera Stock Performance

The firm has a fifty day moving average price of $3.65 and a 200 day moving average price of $3.32. The stock has a market cap of $178.02 million, a PE ratio of -7.08 and a beta of 0.93.

Atomera (NASDAQ:ATOM) last posted its quarterly earnings data on Thursday, February 12th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.14). The company had revenue of $0.05 million for the quarter, compared to analyst estimates of $0.10 million.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. AQR Capital Management LLC lifted its holdings in Atomera by 25.2% in the fourth quarter. AQR Capital Management LLC now owns 22,210 shares of the technology company’s stock valued at $49,000 after acquiring an additional 4,475 shares during the period. Barclays PLC grew its stake in shares of Atomera by 12.5% during the 4th quarter. Barclays PLC now owns 47,051 shares of the technology company’s stock worth $104,000 after purchasing an additional 5,220 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Atomera during the 2nd quarter valued at approximately $35,000. Hollencrest Capital Management increased its holdings in shares of Atomera by 1.2% during the 4th quarter. Hollencrest Capital Management now owns 606,546 shares of the technology company’s stock valued at $1,340,000 after purchasing an additional 7,179 shares in the last quarter. Finally, Avenir Corp lifted its stake in shares of Atomera by 1.7% in the 4th quarter. Avenir Corp now owns 614,385 shares of the technology company’s stock valued at $1,358,000 after purchasing an additional 10,000 shares during the period. 30.79% of the stock is owned by institutional investors and hedge funds.

Atomera Company Profile

Atomera Inc is a materials engineering company that develops and licenses advanced thin film technologies for the semiconductor industry. Its flagship offering, Mears Silicon Technology (MST), is designed to enhance transistor performance, improve power efficiency and boost device yields. Atomera’s solutions are integrated into existing fabrication processes without major changes to equipment or materials flows, enabling foundries and integrated device manufacturers to adopt the technology with minimal disruption.

At the core of Atomera’s business model is the licensing and patent-licensing of MST.