While Atricure Inc has overperformed by 3.12%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ATRC fell by -28.75%, with highs and lows ranging from $59.61 to $27.92, whereas the simple moving average fell by -28.59% in the last 200 days.
On October 23, 2023, JMP Securities started tracking Atricure Inc (NASDAQ: ATRC) recommending Mkt Outperform. A report published by UBS on September 29, 2023, Initiated its previous ‘Buy’ rating for ATRC. Needham Reiterated the rating as Buy on December 18, 2020, but set its price target from $53 to $63. Needham resumed its ‘Buy’ rating for ATRC, as published in its report on November 06, 2020. Oppenheimer’s report from April 07, 2020 suggests a price prediction of $45 for ATRC shares, giving the stock a ‘Outperform’ rating. BTIG Research also rated the stock as ‘Buy’.
Analysis of Atricure Inc (ATRC)
Further, the quarter-over-quarter increase in sales is 21.03%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Atricure Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -6.60% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.66, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 624.56K can be a very valuable indicator of volatility for ATRC stock. On a monthly basis, the volatility of the stock is set at 4.48%, whereas on a weekly basis, it is put at 5.58%, with a loss of -7.68% over the past seven days. Furthermore, long-term investors anticipate a median target price of $54.38, showing growth from the present price of $29.09, which can serve as yet another indication of whether ATRC is worth investing in or should be passed over.
How Do You Analyze Atricure Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 3.45%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 99.75% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ATRC shares are owned by institutional investors to the tune of 99.75% at present.
