Zacks: Atomera Inc (ATOM) Given Consensus Rating of “Strong Buy” by Analysts

Atomera Inc (NASDAQ:ATOM) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Zacks has also given Atomera an industry rank of 102 out of 255 based on the ratings given to its competitors.

A number of research firms recently commented on ATOM. ValuEngine upgraded Atomera from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. Loop Capital began coverage on Atomera in a research report on Thursday, June 21st. They set a “buy” rating and a $10.00 price objective for the company.

A number of institutional investors have recently bought and sold shares of the stock. Hollencrest Capital Management grew its holdings in Atomera by 28.8% during the second quarter. Hollencrest Capital Management now owns 386,582 shares of the technology company’s stock valued at $2,366,000 after purchasing an additional 86,400 shares during the period. Avenir Corp bought a new stake in Atomera during the first quarter valued at about $250,000. Finally, Northern Trust Corp bought a new stake in Atomera during the first quarter valued at about $138,000. Institutional investors own 15.81% of the company’s stock.

Atomera stock traded up $0.59 during mid-day trading on Tuesday, reaching $5.84. 554,500 shares of the stock traded hands, compared to its average volume of 69,444. Atomera has a 12-month low of $2.45 and a 12-month high of $8.00.

Atomera (NASDAQ:ATOM) last posted its quarterly earnings data on Thursday, August 9th. The technology company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.48). The company had revenue of $0.10 million during the quarter.

Atomera Company Profile

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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