How have the shares performed?
Altimar Acquisition Corporation (ATAC) saw an uptrend of 2.67% in the recent trading with $10.01 being its most recent. The current price level -17.07% lower than the highest price of $12.07 marked by the stock while trading over the past 52-weeks, whereas it is 7.06% higher than the lowest price of $9.35 the company dropped to over past 52-weeks. The latest news story on ATAC appeared in PR Newswire under the title “Dyal Capital Partners’ Funds Receive Investor Consents Required for Strategic Combination with Owl Rock Capital Group to form Blue Owl” on May-03-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -0.69% below one month high and is +7.06% above of the lowest during that time. Looking into the simple moving average, Altimar Acquisition Corporation (ATAC)’s stock stands at a SMA-50 of $9.94 while that of 5-day is reading $9.86.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Hold by 0 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 3.00 for the stock.
Altimar Acquisition Corporation Earnings – What Happened With ATAC
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Altimar Acquisition Corporation (ATAC) last released financial results for the quarter that ended 6/29/2010, posting a surprise factor of -13.30% for net revenue.
ATAC – Altimar Acquisition Corporation Stock Earnings Estimates
The perspective of Altimar Acquisition Corporation (NYSE:ATAC)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0.45 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was 0.39.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 33.52 million. ATAC does have institutional investors; and they hold 66.40% of the stock.
Altimar Acquisition Corporation – Insider Activity and Holdings
As on Mar 30, 2021, Weiss Asset Management LP was the top most holder in Altimar Acquisition Corporation (NYSE:ATAC) with an ownership of 2.22 million shares of the company or 8.06% of the stake worth $21.89 million. The filing also reveals Senator Investment Group, LP as the second largest holder in the company with a control over 6.00% of the outstanding shares. Its stake is worth $16.3 million for having 1.65 million shares in hand.
Transcend Wealth Collective, LLC also came holding a key position in the company during the recent quarter and it now holds 4.92% of the outstanding shares. With this there are now 66 institutions which have possession in ATAC’s shares.
Currently, the stock has been recommended as Hold by 0 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 3.00 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Altimar Acquisition Corporation was 8.99 while posting a debt to equity ratio of 0.00.
Technical Analysis of Altimar Acquisition Corporation (NYSE:ATAC) stock