Atomera (NASDAQ:ATOM) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Atomera (NASDAQ:ATOM) issued its quarterly earnings data on Tuesday. The technology company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.01), Zacks reports. The company had revenue of $0.07 million for the quarter.

Atomera Price Performance

Atomera stock traded down $0.36 during trading hours on Thursday, hitting $3.15. 155,005 shares of the company traded hands, compared to its average volume of 250,103. The firm has a market cap of $84.70 million, a P/E ratio of -4.10 and a beta of 1.58. The company has a quick ratio of 6.78, a current ratio of 6.78 and a debt-to-equity ratio of 0.08. The firm’s 50-day simple moving average is $3.89 and its two-hundred day simple moving average is $5.40. Atomera has a 1-year low of $3.02 and a 1-year high of $9.19.

Analysts Set New Price Targets

Separately, Craig Hallum cut their price objective on shares of Atomera from $13.00 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday.

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.