Atomera (NASDAQ:ATOM) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Atomera Incorporated (NASDAQ:ATOM)’s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $4.11 and traded as low as $3.61. Atomera shares last traded at $3.81, with a volume of 636,060 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Atomera from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Atomera presently has an average rating of “Sell”.

Atomera Stock Performance

The stock has a market cap of $147.52 million, a price-to-earnings ratio of -5.86 and a beta of 0.93. The company has a 50-day simple moving average of $4.11 and a two-hundred day simple moving average of $3.40.

Atomera (NASDAQ:ATOM) last released its quarterly earnings data on Thursday, February 12th. The technology company reported ($0.14) EPS for the quarter, meeting the consensus estimate of ($0.14). The company had revenue of $0.05 million during the quarter, compared to analyst estimates of $0.10 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its stake in shares of Atomera by 82.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 140,254 shares of the technology company’s stock worth $561,000 after purchasing an additional 63,305 shares during the last quarter. Geode Capital Management LLC lifted its stake in Atomera by 98.3% in the 2nd quarter. Geode Capital Management LLC now owns 719,509 shares of the technology company’s stock valued at $3,627,000 after purchasing an additional 356,579 shares during the last quarter. Intech Investment Management LLC bought a new position in Atomera during the second quarter worth about $74,000. JPMorgan Chase & Co. grew its holdings in Atomera by 3,414.6% during the second quarter. JPMorgan Chase & Co. now owns 14,234 shares of the technology company’s stock worth $72,000 after purchasing an additional 13,829 shares during the period. Finally, Rhumbline Advisers acquired a new position in Atomera during the second quarter worth approximately $230,000. Institutional investors 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.