Atomera (NASDAQ:ATOM) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

Atomera Incorporated (NASDAQ:ATOM)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $8.27 and traded as low as $5.24. Atomera shares last traded at $5.62, with a volume of 624,157 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Atomera in a report on Friday, May 15th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Atomera presently has a consensus rating of “Sell”.

Atomera Stock Down 1.2%

The company has a market capitalization of $217.61 million, a PE ratio of -8.65 and a beta of 2.05. The stock’s fifty day moving average price is $8.27 and its two-hundred day moving average price is $5.73.

Atomera (NASDAQ:ATOM) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The company had revenue of $0.01 million during the quarter, compared to the consensus estimate of $0.07 million.

Insider Buying and Selling at Atomera

In other news, CFO Francis Laurencio sold 20,400 shares of Atomera stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $9.44, for a total value of $192,576.00. Following the sale, the chief financial officer directly owned 253,353 shares in the company, valued at approximately $2,391,652.32. This trade represents a 7.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On Atomera

Hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC grew its holdings in shares of Atomera by 25.2% during the fourth quarter. AQR Capital Management LLC now owns 22,210 shares of the technology company’s stock valued at $49,000 after buying an additional 4,475 shares during the last quarter. Barclays PLC raised its holdings in Atomera by 12.5% in the 4th quarter. Barclays PLC now owns 47,051 shares of the technology company’s stock worth $104,000 after acquiring an additional 5,220 shares during the last quarter. Hollencrest Capital Management raised its holdings in Atomera by 1.2% in the 4th quarter. Hollencrest Capital Management now owns 606,546 shares of the technology company’s stock worth $1,340,000 after acquiring an additional 7,179 shares during the last quarter. Avenir Corp lifted its position in 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 acquiring an additional 10,000 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Atomera by 17.1% in the 1st quarter. Bank of New York Mellon Corp now owns 70,629 shares of the technology company’s stock valued at $269,000 after acquiring an additional 10,296 shares in the last quarter. 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.