Atomera (NASDAQ:ATOM) Stock Rating Lowered by Wall Street Zen

Atomera (NASDAQ:ATOM) was downgraded by analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a report released on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded Atomera from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, October 23rd. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Atomera presently has a consensus rating of “Sell”.

Atomera Stock Performance

ATOM stock opened at $3.01 on Friday. The stock has a 50-day moving average price of $3.78 and a two-hundred day moving average price of $5.43. Atomera has a 12-month low of $1.89 and a 12-month high of $12.36. The company has a market cap of $117.63 million, a PE ratio of -4.78 and a beta of 2.17.

Atomera (NASDAQ:ATOM) last announced its quarterly earnings results on Thursday, October 29th. The technology company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.03). Atomera had a negative return on equity of 70.93% and a negative net margin of 9,742.17%.

Institutional Trading of Atomera

Several large investors have recently bought and sold shares of ATOM. Russell Investments Group Ltd. grew its stake in Atomera by 320.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 57,195 shares of the technology company’s stock valued at $249,000 after purchasing an additional 43,601 shares in the last quarter. SLT Holdings LLC increased its holdings in Atomera by 100.0% during the 3rd quarter. SLT Holdings LLC now owns 20,000 shares of the technology company’s stock worth $87,000 after purchasing an additional 10,000 shares during the last quarter. Defender Capital LLC. increased its holdings in Atomera by 101.2% during the 3rd quarter. Defender Capital LLC. now owns 594,450 shares of the technology company’s stock worth $2,592,000 after purchasing an additional 299,000 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Atomera in the 2nd quarter valued at approximately $176,000. Finally, Baird Financial Group Inc. raised its position in shares of Atomera by 4.9% in the 2nd quarter. Baird Financial Group Inc. now owns 1,340,888 shares of the technology company’s stock valued at $11,679,000 after purchasing an additional 63,208 shares in the last quarter. Institutional investors and hedge funds own 30.79% of the company’s stock.

About Atomera

Atomera Incorporated is a semiconductor materials and technology company that develops solutions intended to improve the performance and energy efficiency of integrated circuits. Its core technology, Mears Silicon Technology (MST), is a proprietary semiconductor-materials innovation designed to enhance the characteristics of silicon-based transistors.

MST is engineered as a thin layer within the semiconductor manufacturing process. Atomera states that the technology can help chip manufacturers improve transistor performance, reduce power consumption, and potentially extend the capabilities of existing process technologies without requiring a complete redesign of the underlying manufacturing platform.

The company primarily operates through a licensing and technology-transfer model, working with semiconductor manufacturers and other industry participants to evaluate and integrate MST into their processes and products.