Atomera (ATOM) Stock Price Up 11.2%

Atomera Inc (NASDAQ:ATOM) rose 11.2% during mid-day trading on Tuesday . The stock traded as high as $6.04 and last traded at $5.84. Approximately 554,500 shares changed hands during trading, an increase of 698% from the average daily volume of 69,444 shares. The stock had previously closed at $5.25.

ATOM has been the topic of several analyst reports. Loop Capital initiated coverage on shares of Atomera in a research note on Thursday, June 21st. They set a “buy” rating and a $10.00 price target on the stock. ValuEngine cut shares of Atomera from a “buy” rating to a “hold” rating in a research report on Thursday, July 19th.

Atomera (NASDAQ:ATOM) last released its earnings results on Thursday, August 9th. The technology company reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.48). The company had revenue of $0.10 million for the quarter.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp acquired a new stake in shares of Atomera in the first quarter worth approximately $138,000. Avenir Corp acquired a new stake in shares of Atomera in the first quarter worth approximately $250,000. Finally, Hollencrest Capital Management boosted its position in shares of Atomera by 28.8% in the second quarter. Hollencrest Capital Management now owns 386,582 shares of the technology company’s stock worth $2,366,000 after acquiring an additional 86,400 shares during the last quarter. 15.81% of the stock is currently owned by institutional investors and hedge funds.

Atomera Company Profile (NASDAQ:ATOM)

Atomera Incorporated engages in the business of developing, commercializing, and licensing proprietary processes and technologies for the semiconductor industry. Its lead technology is Mears Silicon Technology, a thin-film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors.

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