Atomera (NASDAQ:ATOM) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Atomera Incorporated (NASDAQ:ATOM)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $7.06 and traded as low as $4.79. Atomera shares last traded at $4.97, with a volume of 525,405 shares traded.

Atomera Stock Performance

The business’s 50 day simple moving average is $7.06 and its two-hundred day simple moving average is $6.42. The firm has a market capitalization of $152.60 million, a PE ratio of -7.31 and a beta of 1.53. The company has a current ratio of 5.25, a quick ratio of 5.25 and a debt-to-equity ratio of 0.05.

Atomera (NASDAQ:ATOM) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). Atomera had a negative net margin of 13,655.55% and a negative return on equity of 106.81%.

Hedge Funds Weigh In On Atomera

A number of institutional investors and hedge funds have recently made changes to their positions in ATOM. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Atomera during the third quarter valued at approximately $44,000. Hilltop Holdings Inc. increased its stake in shares of Atomera by 38.4% in the 3rd quarter. Hilltop Holdings Inc. now owns 122,990 shares of the technology company’s stock worth $323,000 after purchasing an additional 34,100 shares in the last quarter. XTX Topco Ltd bought a new position in Atomera in the 3rd quarter worth $76,000. Geode Capital Management LLC lifted its position in Atomera by 5.0% during the third quarter. Geode Capital Management LLC now owns 308,464 shares of the technology company’s stock valued at $811,000 after purchasing an additional 14,818 shares in the last quarter. Finally, Westside Investment Management Inc. grew its holdings in Atomera by 20.9% during the third quarter. Westside Investment Management Inc. now owns 115,700 shares of the technology company’s stock valued at $304,000 after purchasing an additional 19,980 shares during the period. Hedge funds and other institutional investors own 30.79% of the company’s stock.

Atomera Company Profile

Atomera Incorporated engages in the developing, commercializing, and licensing proprietary processes and technologies for the semiconductor industry in North America and the Asia Pacific. The company's lead technology is the Mears Silicon Technology, a thin film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors.