Atomera (NASDAQ:ATOM) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Atomera (NASDAQ:ATOM) released its earnings results on Thursday. The technology company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.03), Zacks reports. Atomera had a negative net margin of 9,742.17% and a negative return on equity of 77.91%.

Atomera Stock Performance

Shares of Atomera stock traded up $0.30 during midday trading on Thursday, reaching $3.31. 883,355 shares of the company’s stock traded hands, compared to its average volume of 1,568,814. Atomera has a 52 week low of $1.89 and a 52 week high of $12.36. The company’s 50 day simple moving average is $4.00 and its 200 day simple moving average is $5.40. The company has a market cap of $129.16 million, a price-to-earnings ratio of -5.09 and a beta of 2.03.

Analyst Ratings Changes

Several analysts have recently weighed in on ATOM shares. Wall Street Zen lowered Atomera from a “hold” rating to a “sell” rating in a report on Monday, August 17th. Weiss Ratings raised Atomera from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 23rd. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has an average rating of “Sell”.

Atomera Company Profile

Atomera Incorporated is a semiconductor materials and technology company that develops solutions intended to improve the performance and energy efficiency of integrated circuits. Its core technology, Mears Silicon Technology (MST), is a proprietary semiconductor-materials innovation designed to enhance the characteristics of silicon-based transistors.

MST is engineered as a thin layer within the semiconductor manufacturing process. Atomera states that the technology can help chip manufacturers improve transistor performance, reduce power consumption, and potentially extend the capabilities of existing process technologies without requiring a complete redesign of the underlying manufacturing platform.

The company primarily operates through a licensing and technology-transfer model, working with semiconductor manufacturers and other industry participants to evaluate and integrate MST into their processes and products.