Allegheny Technologies Incorporated [ATI] gain 26.11% so far this year. What now?

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Allegheny Technologies Incorporated [NYSE: ATI] stock went on an upward path that rose over 4.31% on Thursday, amounting to a one-week price increase of more than 13.18%. The company report on January 6, 2022 that ATI Announces Webcast for Fourth Quarter 2021 and Full-Year Results.

Allegheny Technologies Incorporated (NYSE: ATI) will provide live Internet listening access to its conference call with the financial community scheduled for Wednesday, February 2, 2022 at 10:30 a.m. ET. The conference call will be conducted after the Company’s planned release of fourth quarter and full-year results. The conference call will be broadcast, and accompanying presentation slides will be available, at ATImetals.com. To access the broadcast, visit ATImetals.com and select “Conference Call.” Conference call replay will be available on ATImetals.com.


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Solving the World’s Challenges through Materials ScienceATI (NYSE: ATI) is a $3 billion global manufacturer solving the world’s most difficult challenges through materials science; advanced, integrated process technologies; and relentlessly innovative people. We serve customers whose demanding applications need to fly higher, dig deeper, stand stronger, and last longer— anywhere on, above, or below the earth. We partner to create new specialty materials in forms that deliver ultimate performance and long-term value in applications like jet engine forgings and 3D-printed aerospace components. We produce powders for forging and additive manufacturing; rolled materials, and finished components. Our specialty materials withstand extremes of temperature, stress and corrosion to improve and protect human lives every day. Learn more at ATIMetals.com.

Over the last 12 months, ATI stock rose by 8.07%. The one-year Allegheny Technologies Incorporated stock forecast points to a potential upside of 16.67. The average equity rating for ATI stock is currently 2.20, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $2.49 billion, with 127.20 million shares outstanding and 126.42 million shares in the current float. Compared to the average trading volume of 1.69M shares, ATI stock reached a trading volume of 3286860 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Allegheny Technologies Incorporated [ATI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ATI shares is $24.11 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ATI stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Cowen have made an estimate for Allegheny Technologies Incorporated shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 11, 2022. The new note on the price target was released on January 07, 2022, representing the official price target for Allegheny Technologies Incorporated stock. Previously, the target price had yet another raise to $18, while Wolfe Research analysts kept a Peer Perform rating on ATI stock. On October 15, 2021, analysts decreased their price target for ATI shares from 25 to 23.

The Average True Range (ATR) for Allegheny Technologies Incorporated is set at 0.69, with the Price to Sales ratio for ATI stock in the period of the last 12 months amounting to 0.92. The Price to Book ratio for the last quarter was 4.72, with the Price to Cash per share for the same quarter was set at 8.14.

ATI Stock Performance Analysis:

Allegheny Technologies Incorporated [ATI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.18. With this latest performance, ATI shares gained by 33.22% in over the last four-week period, additionally sinking by -0.15% over the last 6 months – not to mention a rise of 8.07% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ATI stock in for the last two-week period is set at 82.83, with the RSI for the last a single of trading hit 90.41, and the three-weeks RSI is set at 75.41 for Allegheny Technologies Incorporated [ATI]. The present Moving Average for the last 50 days of trading for this stock 16.23, while it was recorded at 19.06 for the last single week of trading, and 19.23 for the last 200 days.

Insight into Allegheny Technologies Incorporated Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Allegheny Technologies Incorporated [ATI] shares currently have an operating margin of +3.20 and a Gross Margin at +9.94. Allegheny Technologies Incorporated’s Net Margin is presently recorded at -52.73.

Return on Total Capital for ATI is now 3.18, given the latest momentum, and Return on Invested Capital for the company is -55.15. Return on Equity for this stock declined to -120.45, with Return on Assets sitting at -32.53. When it comes to the capital structure of this company, Allegheny Technologies Incorporated [ATI] has a Total Debt to Total Equity ratio set at 319.29. Additionally, ATI Total Debt to Total Capital is recorded at 76.15, with Total Debt to Total Assets ending up at 41.24. Long-Term Debt to Equity for the company is recorded at 312.11, with the Long-Term Debt to Total Capital now at 74.44.

Reflecting on the efficiency of the workforce at the company, Allegheny Technologies Incorporated [ATI] managed to generate an average of -$241,938 per employee. Receivables Turnover for the company is 6.10 with a Total Asset Turnover recorded at a value of 0.62.Allegheny Technologies Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 2.20.

ATI Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ATI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Allegheny Technologies Incorporated go to -4.50%.

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Allegheny Technologies Incorporated [ATI] Insider Position Details

There are presently around $2,646 million, in the hands of institutional investors. The top three institutional holders of ATI stocks are: BLACKROCK INC. with ownership of 20,206,754, which is approximately -1.536% of the company’s market cap and around 0.65% of the total institutional ownership; VANGUARD GROUP INC, holding 13,824,861 shares of the stock with an approximate value of $277.74 million in ATI stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $222.75 million in ATI stock with ownership of nearly 2.883% of the company’s market capitalization.

Positions in Allegheny Technologies Incorporated stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 101 institutional holders increased their position in Allegheny Technologies Incorporated [NYSE:ATI] by around 10,363,844 shares. Additionally, 114 investors decreased positions by around 9,684,723 shares, while 46 investors held positions by with 111,637,982 shares. The mentioned changes placed institutional holdings at 131,686,549 shares, according to the latest SEC report filing. ATI stock had 30 new institutional investments in for a total of 2,029,916 shares, while 25 institutional investors sold positions of 784,965 shares during the same period.