Atomera (NASDAQ:ATOM) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Atomera (NASDAQ:ATOM) from a hold rating to a sell rating in a research note released on Monday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atomera in a research note on Wednesday, August 12th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Atomera has a consensus rating of “Sell”.

Atomera Stock Down 3.9%

Shares of ATOM opened at $4.73 on Monday. The company has a market cap of $184.56 million, a PE ratio of -7.28 and a beta of 2.11. The business has a fifty day moving average of $6.52 and a 200 day moving average of $6.22. Atomera has a 52-week low of $1.89 and a 52-week high of $12.36.

Atomera (NASDAQ:ATOM) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). Atomera had a negative net margin of 9,742.17% and a negative return on equity of 77.91%. The firm had revenue of $0.16 million for the quarter, compared to the consensus estimate of $0.10 million.

Insider Activity

In related news, CFO Francis Laurencio sold 20,400 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $9.44, for a total transaction of $192,576.00. Following the completion of the transaction, the chief financial officer owned 253,353 shares in the company, valued at $2,391,652.32. The trade was a 7.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.10% of the company’s stock.

Institutional Trading of Atomera

A number of hedge funds and other institutional investors have recently bought and sold shares of ATOM. BlackRock Inc. bought a new stake in Atomera during the 2nd quarter valued at about $26,047,000. Vanguard Group Inc. boosted its position in Atomera by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,635,938 shares of the technology company’s stock valued at $7,231,000 after buying an additional 15,450 shares during the period. Andar Capital Management HK Ltd bought a new position in Atomera in the 2nd quarter worth about $90,000,000. Geode Capital Management LLC grew its stake in Atomera by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 740,985 shares of the technology company’s stock worth $1,638,000 after acquiring an additional 17,658 shares in the last quarter. Finally, Avenir Corp increased its position in shares of Atomera by 1.7% during the fourth quarter. Avenir Corp now owns 614,385 shares of the technology company’s stock worth $1,358,000 after acquiring an additional 10,000 shares during the period. Hedge funds and other institutional investors own 30.79% of the company’s stock.

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.