Sunday, June 26, 2022

Investing in ATI Physical Therapy Inc. (ATIP): What You Must Know

ATI Physical Therapy Inc.’s filing revealed that its Director Dourney Daniel acquired Company’s shares for reported $2070.0 on Feb 25. In the deal valued at $2.07 per share,1,000 shares were bought. As a result of this transaction, Dourney Daniel now holds 1,000 shares worth roughly $ 1800.0.

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Then, LARSEN JOHN L bought 10,000 shares, generating $36,300 in total proceeds. Upon buying the shares at $3.63, the Executive Chairman now owns 98,450 shares.

Following these proceedings, Deutsche Bank initiated its ATI Physical Therapy Inc. [ATIP] rating to a Hold in a research note published on Tuesday, April 06, 2022; the price target was $2. PT values the company’s stock at a premium of 10.0 to its Tuesday closing price. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who increased its forecast for the stock in early March from “a Hold” to “a Buy”. Jefferies also remained covering ATIP and has increased its forecast on January 14, 2022 with a “Buy” recommendation from previously “Hold” rating.

Price Performance Review of ATIP

On Tuesday, ATI Physical Therapy Inc. [NYSE:ATIP] saw its stock fall -2.17% to $1.80. On the same session, the stock had its day’s lowest price of $1.79, but rose to a high of $1.95. Over the last five days, the stock has gained 5.88%. ATI Physical Therapy Inc. shares have fallen nearly -46.90% since the year began. Nevertheless, the stocks have fallen -80.20% over the past one year. While a 52-week high of $10.16 was reached on 01/18/22, a 52-week low of $1.25 was recorded on 05/12/22. SMA at 50 days reached $1.7778, while 200 days put it at $2.7205. A total of 0.81 million shares were traded, compared to the trading of 0.65 million shares in the previous session.

Levels Of Support And Resistance For ATIP Stock

The 24-hour chart illustrates a support level at 1.7433, which if violated will result in even more drops to 1.6867. On the upside, there is a resistance level at 1.9033. A further resistance level may holdings at 2.0067. The Relative Strength Index (RSI) on the 14-day chart is 46.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1464, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.19%. Stochastics %K at 30.11% indicates the stock is a holding.

How much short interest is there in ATI Physical Therapy Inc.?

A steep rise in short interest was recorded in ATI Physical Therapy Inc. stocks on Apr 28, 2022, dropping by -0.36 million shares to a total of 2.82 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 3.18 million shares. There was a decline of -12.77%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.14% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.44.

ATI Physical Therapy Inc. [ATIP] – Who Are The Largest Shareholders?

In filings from Grosvenor Capital Management LP, it is revealed that the company now owns 9,807,085 shares, or roughly 4.74% of the outstanding ATIP shares. In other words, the investor’s shares have fallen by 0 from its previous 13-F filing of 9807085.0. Additionally, Knighthead Capital Management LLC decreased 0.00% of its stake after which the total value it holdings stand at $15,737,716, while The Vanguard Group, Inc. added 127.38% of its stake to hold $7.03 million in the firm. Over the last quarter, Excellence Investments Ltd. sold 0 shares of ATI Physical Therapy Inc., while Bernzott Capital Advisors sold -2,257,433 shares. At present, Venor Capital Management LP is holding 2,064,586 shares valued at $3.94 million. Royce & Associates LP owned 1,341,800 shares of the company at the time of its most recent 13F filing, worth $2.56 million.

According to FactSet, ATI Physical Therapy Inc.’s share price will average $2.96 in the next year, based on opinions of analysts polled by the firm. This is up nearly 63.04 percent from its previous closing price of $1.84. Analysts expect ATI Physical Therapy Inc. stock to reach the higher price of $4.00, while the lowest price estimate is $1.80. However, 6 analysts have rated ATIP stock as an Overweight in their predictions for 2022.

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