Atomera (NASDAQ:ATOM) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Atomera (NASDAQ:ATOM) from a hold rating to a sell rating in a report issued on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Atomera in a report on Friday, May 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Atomera Stock Up 1.4%

Shares of ATOM stock opened at $5.16 on Friday. The firm has a 50 day moving average price of $7.61 and a two-hundred day moving average price of $5.94. The company has a market capitalization of $199.80 million, a PE ratio of -7.94 and a beta of 2.05. Atomera has a 12-month low of $1.89 and a 12-month high of $12.36.

Atomera (NASDAQ:ATOM) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The firm had revenue of $0.01 million during the quarter, compared to the consensus estimate of $0.07 million.

Insider Buying and Selling

In other Atomera news, CFO Francis Laurencio sold 20,400 shares of Atomera stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $9.44, for a total value of $192,576.00. Following the completion of the sale, the chief financial officer owned 253,353 shares in the company, valued at $2,391,652.32. The trade was a 7.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Defender Capital LLC. acquired a new stake in shares of Atomera in the second quarter valued at approximately $2,573,000. Bank of America Corp DE grew its position in Atomera by 59.1% during the first quarter. Bank of America Corp DE now owns 46,301 shares of the technology company’s stock worth $176,000 after buying an additional 17,196 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Atomera during the first quarter worth approximately $621,000. Bank of New York Mellon Corp increased its stake in Atomera by 17.1% during the 1st quarter. Bank of New York Mellon Corp now owns 70,629 shares of the technology company’s stock worth $269,000 after acquiring an additional 10,296 shares during the period. Finally, Abel Hall LLC bought a new position in Atomera during the 1st quarter worth $53,000. Institutional investors and hedge funds own 30.79% of the company’s stock.

About Atomera

Atomera Inc is a materials engineering company that develops and licenses advanced thin film technologies for the semiconductor industry. Its flagship offering, Mears Silicon Technology (MST), is designed to enhance transistor performance, improve power efficiency and boost device yields. Atomera’s solutions are integrated into existing fabrication processes without major changes to equipment or materials flows, enabling foundries and integrated device manufacturers to adopt the technology with minimal disruption.

At the core of Atomera’s business model is the licensing and patent-licensing of MST.