ATAI Life Sciences N.V. [ATAI] is 19.15% higher this YTD. Is it still time to buy?

ATAI Life Sciences N.V. [NASDAQ: ATAI] loss -8.70% on the last trading session, reaching $1.68 price per share at the time. The company report on March 12, 2024 at 12:35 PM that atai Life Sciences advances VLS-01 for treatment-resistant depression.

London, UK –News Direct– atai Life Sciences.

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atai Life Sciences chief scientific officer Dr Srinivas Rao discusses the company’s development candidate VLS-01, aimed at treating treatment-resistant depression, with Proactive’s Stephen Gunnion.

If compared to the average trading volume of 1.49M shares, ATAI reached a trading volume of 2989415 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about ATAI Life Sciences N.V. [ATAI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ATAI shares is $14.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ATAI stock is a recommendation set at 1.00. 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.

Loop Capital have made an estimate for ATAI Life Sciences N.V. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 01, 2022. While these analysts kept the previous recommendation, Maxim Group raised their target price to Buy. The new note on the price target was released on November 30, 2021, representing the official price target for ATAI Life Sciences N.V. stock. Previously, the target price had yet another raise to $32, while ROTH Capital analysts kept a Buy rating on ATAI stock.

The Average True Range (ATR) for ATAI Life Sciences N.V. is set at 0.17, with the Price to Sales ratio for ATAI stock in the period of the last 12 months amounting to 845.14. The Price to Book ratio for the last quarter was 1.05, with the Price to Cash per share for the same quarter was set at 1.26.

Trading performance analysis for ATAI stock

ATAI Life Sciences N.V. [ATAI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -23.29. With this latest performance, ATAI shares dropped by -3.45% in over the last four-week period, additionally plugging by 19.15% over the last 6 months – not to mention a rise of 42.37% 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 ATAI stock in for the last two-week period is set at 40.30, with the RSI for the last a single of trading hit 33.31, and the three-weeks RSI is set at 44.55 for ATAI Life Sciences N.V. [ATAI]. The present Moving Average for the last 50 days of trading for this stock 1.8659, while it was recorded at 1.9100 for the last single week of trading, and 1.6045 for the last 200 days.

ATAI Life Sciences N.V. [ATAI]: A deeper dive into fundamental analysis

ATAI Life Sciences N.V.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 10.96 and a Current Ratio set at 10.96.

ATAI Life Sciences N.V. [ATAI]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, ATAI Life Sciences N.V. posted -0.28/share EPS, while the average EPS was predicted by analysts to be reported at -0.23/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -21.70%. 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 ATAI.

An analysis of Institutional ownership at ATAI Life Sciences N.V. [ATAI]

The top three institutional holders of ATAI stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in ATAI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in ATAI stock with ownership which is approximately 5.8325%.