Drilling Down Into Allegheny Technologies Incorporated (ATI)

Allegheny Technologies Incorporated (ATI) is an interesting player in the Industrial Goods space, with a focus on Metal Fabrication. The stock has been active on the tape, currently trading at $28.48, down from yesterday’s close by -1.39%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Allegheny Technologies Incorporated (ATI) currently trades with a market capitalization of $3.68 Billion. That value represents a market adjusting for revenues that have been growing by 13.06 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$54 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.34 on a per share basis this quarter. Perhaps, that suggests something about why 3.89% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Allegheny Technologies Incorporated recorded a 52-week high of $30.25. It is now trading 1.77% off that level. The stock is trading $27.30 its 50-day moving average by -1.18%. The stock carved out a 52-week low down at $15.82.

In recent action, Allegheny Technologies Incorporated (ATI) has made a move of +1.14% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.57, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 15.41% with $124.58 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of ATI.

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