Why is Atomera shares skyrocketing today?
Evan graduated from the University of Texas at Austin, and is a CFA charterholder. Shares of Atomera ( NASDAQ:ATOM) have skyrocketed today, up by 36% as of 11:20 a.m. EST, after the company announced a new manufacturing deal. The joint development agreement (JDA) is with an unnamed "leading semiconductor provider."
What is the upside for Atomera's stock?
On average, they expect Atomera's stock price to reach $28.00 in the next twelve months. This suggests a possible upside of 77.2% from the stock's current price. View analysts' price targets for Atomera or view top-rated stocks among Wall Street analysts.
Do analysts agree on Atomera's (atom) price targets?
The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings. According to analysts' consensus price target of $28.00, Atomera has a forecasted upside of 77.2% from its current price of $15.80.
What does Atomera do?
Sign-up to receive the latest news and ratings for Atomera and its competitors with MarketBeat's FREE daily newsletter. Atomera, Inc. engages in the development, commercializing, and licensing of proprietary processes and technologies for the semiconductor industry.
Is Atomera a good investment?
Atomera has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
What kind of stock is ATOM?
Common StockOwnershipTypeCommon Stock HeldMarket ValueInstitutions7.66M81.63MIndividuals / Insiders2.56M27.28MPublic and Other13.17M140.23MTotal23.39M249.14M
What's the stock price of Atmos Energy?
Performance OutlookPrevious Close116.74Ask120.57 x 900Day's Range115.84 - 117.6552 Week Range85.80 - 122.96Volume909,2683 more rows
Is Atomera a buy right now?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Atomera in the last twelve months. There are currently 1 buy rating for th...
When is Atomera's next earnings date?
Atomera is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022. View our earnings forecast for Atomera .
How were Atomera's earnings last quarter?
Atomera Incorporated (NASDAQ:ATOM) issued its earnings results on Thursday, October, 28th. The technology company reported ($0.19) EPS for the quar...
What price target have analysts set for ATOM?
1 brokers have issued 12-month price targets for Atomera's shares. Their forecasts range from $22.00 to $22.00. On average, they anticipate Atomera...
Who are Atomera's key executives?
Atomera's management team includes the following people: Mr. Scott A. Bibaud , Pres, CEO & Director (Age 59, Pay $524.5k) ( LinkedIn Profile ) D...
Who are some of Atomera's key competitors?
Some companies that are related to Atomera include indie Semiconductor (INDI) , Netlist (NLST) , Netlist (NLST) , Navitas Semiconductor (NVTS)...
What other stocks do shareholders of Atomera own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Atomera investors own include Energy Transfer (ET) , NVID...
What is Atomera's stock symbol?
Atomera trades on the NASDAQ under the ticker symbol "ATOM."
Who are Atomera's major shareholders?
Atomera's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.65%), Vanguard G...
About Atomera
Atomera (NASDAQ:ATOM) Frequently Asked Questions
Atomera, Inc. engages in the development, commercializing, and licensing of proprietary processes and technologies for the semiconductor industry. It developed Mears Silicon Technology, which increases performance and power efficiency in semiconductor transistors.
Investors expect massive sales of the company's quantum engineered semiconductor materials
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Atomera in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Atomera stock. View analyst ratings for Atomera or view top-rated stocks.
Key Points
Anders Bylund is a Foolish Technology and Entertainment Specialist. Where the two markets intersect, you'll find his wheelhouse. He has been an official Fool since 2006 but a jester all his life.
What happened
The company reported zero revenue and significant net losses in the second quarter, and there will be more of the same results in the next report.
So what
Shares of Atomera ( NASDAQ:ATOM) skyrocketed as much as 29.6% on Wednesday, driven by the semiconductor materials developer's second-quarter earnings report. The stock backed down to a 25% gain as of 3:20 p.m. EDT.
Now what
Atomera didn't blind investors with a dazzling financial performance. Your average analyst had expected a net loss of approximately $0.15 per share on top-line sales near $100,000. The company reported a loss of $0.17 per share, recording no sales at all in the second quarter.
What happened
Atomera's shareholders are expecting impressive growth from this zero-revenue start. CFO Frank Laurencio guided to another quarter of revenue-free operations, followed by uncertainty and long testing periods before any prospective customer gets ready to sign actual contracts.
So what
Shares of Atomera ( ATOM -1.64% ) have skyrocketed today, up by 36% as of 11:20 a.m. EST, after the company announced a new manufacturing deal. The joint development agreement (JDA) is with an unnamed "leading semiconductor provider."
Now what
Under the JDA, the strategic partner will integrate Atomera's Mears Silicon Technology (MST) into its silicon fabrication process. The semiconductor provider has licensed the technology in order to incorporate MST into its silicon wafer manufacturing process.
Premium Investing Services
Moore's Law was an observation made by Intel co-founder Gordon Moore in 1965 that the number of transistors on a chip doubles every year, but industry observers have suggested that the trend, which has lasted decades, may soon end.
What happened
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So what
Shares of semiconductor materials licensing company Atomera ( ATOM -2.15% ) increased 22% in June, according to data from S&P Global Market Intelligence.
Now what
There was no specific news from Atomera that prompted the rally in shares, although Atomera did suffer along with other high-growth and technology names this past spring. Even after the rebound in June, the stock remains more than 50% below all-time highs notched back in February.
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Atomera still isn't generating meaningful revenue on a consistent basis and will continue to spend on research and development to the tune of a few million dollars every quarter. At the end of March, Atomera had $36.7 million in cash and equivalents, so it isn't at risk of running out of money anytime soon.
