Atomera Inc (NASDAQ:ATOM) CEO Scott A. Bibaud sold 3,686 shares of Atomera stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $2.95, for a total transaction of $10,873.70. Following the completion of the sale, the chief executive officer now owns 158,366 shares of the company’s stock, valued at approximately $467,179.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NASDAQ:ATOM traded down $0.11 during midday trading on Wednesday, reaching $3.06. The company had a trading volume of 23,205 shares, compared to its average volume of 53,843. The stock’s fifty day moving average price is $3.18 and its 200-day moving average price is $4.06. The stock has a market capitalization of $52.08 million, a P/E ratio of -3.00 and a beta of 0.76. Atomera Inc has a one year low of $2.33 and a one year high of $5.84.
Atomera (NASDAQ:ATOM) last issued its quarterly earnings results on Wednesday, October 30th. The technology company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. The business had revenue of $0.25 million during the quarter, compared to analyst estimates of $0.20 million. Atomera had a negative net margin of 2,468.44% and a negative return on equity of 79.99%. As a group, equities analysts anticipate that Atomera Inc will post -0.79 earnings per share for the current year.
Separately, Zacks Investment Research upgraded shares of Atomera from a “hold” rating to a “buy” rating and set a $3.75 price target for the company in a research note on Monday, November 4th.
Several large investors have recently modified their holdings of the stock. AWM Investment Company Inc. increased its stake in shares of Atomera by 13.7% in the second quarter. AWM Investment Company Inc. now owns 1,659,450 shares of the technology company’s stock worth $8,347,000 after buying an additional 200,000 shares during the last quarter. Avenir Corp increased its stake in shares of Atomera by 7.6% in the second quarter. Avenir Corp now owns 156,506 shares of the technology company’s stock worth $787,000 after buying an additional 11,116 shares during the last quarter. Sargent Investment Group LLC increased its stake in shares of Atomera by 13.3% in the second quarter. Sargent Investment Group LLC now owns 71,855 shares of the technology company’s stock worth $361,000 after buying an additional 8,420 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of Atomera by 93.8% in the second quarter. BlackRock Inc. now owns 68,155 shares of the technology company’s stock worth $343,000 after buying an additional 32,986 shares during the last quarter. Institutional investors and hedge funds own 20.85% of the company’s stock.
Atomera Incorporated engages in developing, commercializing, and licensing proprietary materials, processes, and technologies for the semiconductor industry primarily in Europe and the Asia Pacific. The company's lead technology is Mears Silicon Technology, a thin film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors.
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