Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Aterian Inc. shares valued at $61,012 were sold by Risico Joseph A on Jun 14. At $2.56 per share, Risico Joseph A sold 23,833 shares. The insider’s holdings dropped to 440,231 shares worth approximately $1.2 million following the completion of this transaction.
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Also, Zahut Roi Zion sold 23,833 shares, netting a total of over 61,012 in proceeds. Following the sale of shares at $2.56 each, the insider now holds 470,462 shares.
Before that, Sarig Yaniv Zion had sold 52,244 shares from its account. In a trade valued at $133,745, the insider traded Aterian Inc. shares for $2.56 each. Upon closing the transaction, the insider’s holdings decreased to 52,244 shares, worth approximately $1.8 million.
As published in a research note from ROTH Capital on August 10, 2021, Aterian Inc. [ATER] has been rated down from a Buy to a Neutral and the price target has been revised to $5.50. This represents a 50.36% premium over Thursday’s closing price.
Analyzing ATER’s Price Performance
On Thursday, Aterian Inc. [NASDAQ: ATER] rose 9.20% to $2.73. The stock’s lowest price that day was $2.49, but it reached a high of $2.95 in the same session. During the last five days, there has been a surge of approximately 16.67%. Over the course of the year, Aterian Inc. shares have dropped approximately -33.58%. Shares of the company reached a 52-week high of $7.26 on 04/19/22 and a 52-week low of $2.10 on 06/30/22. A 50-day SMA is recorded $2.63, while a 200-day SMA reached $3.84. Nevertheless, trading volume fell to 5.8 million shares from 1.61 million shares the previous day.
Support And Resistance Levels for Aterian Inc. (ATER)
According to the 24-hour chart, there is a support level at 2.50, which, if violated, would cause prices to drop to 2.26. In the upper region, resistance lies at 2.96. The next price resistance is at 3.18. RSI (Relative Strength Index) is 58.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.09, which suggests the price will decrease in the coming days. Percent R is at 29.33%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Aterian Inc. subject to short interest?
Stocks of Aterian Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 1.76 million shares to 9.56 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 7.8 million shares. A jump of 18.41% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.48 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.48.
Which companies own the most shares of Aterian Inc. (ATER)?
According to Armistice Capital LLC filings, the company currently owns 5,233,572 shares, which is about 8.01% of the total ATER shares outstanding. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $4,796,742. A total of 1,102,750 shares of Aterian Inc. were bought by Hudson Bay Capital Management LP during the quarter, and 67,499 were bought by Meitav Tachlit Mutual Funds Ltd. In its current portfolio, D. E. Shaw & Co. LP holds 688,308 shares valued at $1.49 million.
In terms of Aterian Inc. share price expectations, FactSet research, analysts set an average price target of $4.80 in the next 12 months, up nearly 100.0% from the previous closing price of $2.50. Analysts anticipate Aterian Inc. stock to reach $7.00 by 2022, with the lowest price target being $2.50. In spite of this, 5 analysts ranked Aterian Inc. stock as a Buy at the end of 2022.