Traders Purchase High Volume of Atomera Call Options (NASDAQ:ATOM)

Atomera Incorporated (NASDAQ:ATOM) saw some unusual options trading on Wednesday. Stock traders bought 6,286 call options on the stock. This is an increase of 284% compared to the average daily volume of 1,638 call options.

Atomera Price Performance

Shares of ATOM opened at $6.65 on Friday. The stock’s 50-day moving average price is $9.83 and its two-hundred day moving average price is $5.82. The company has a current ratio of 5.25, a quick ratio of 5.25 and a debt-to-equity ratio of 0.05. The stock has a market cap of $191.39 million, a P/E ratio of -9.50 and a beta of 1.38. Atomera has a 1 year low of $2.31 and a 1 year high of $17.55.

Atomera (NASDAQ:ATOM) last released its earnings results on Tuesday, February 11th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). Atomera had a negative return on equity of 104.98% and a negative net margin of 2,773.11%.

Hedge Funds Weigh In On Atomera

A number of institutional investors have recently bought and sold shares of the business. Sargent Investment Group LLC lifted its position in shares of Atomera by 200.4% during the 4th quarter. Sargent Investment Group LLC now owns 279,185 shares of the technology company’s stock valued at $2,945,000 after acquiring an additional 186,240 shares during the period. XTX Topco Ltd acquired a new position in Atomera in the 3rd quarter valued at approximately $76,000. Geode Capital Management LLC raised its position in Atomera by 5.0% during the 3rd quarter. Geode Capital Management LLC now owns 308,464 shares of the technology company’s stock worth $811,000 after purchasing an additional 14,818 shares during the last quarter. GSA Capital Partners LLP lifted its stake in shares of Atomera by 28.0% in the third quarter. GSA Capital Partners LLP now owns 65,428 shares of the technology company’s stock worth $172,000 after acquiring an additional 14,327 shares during the period. Finally, PFG Investments LLC acquired a new position in shares of Atomera in the 4th quarter worth approximately $209,000. Institutional investors and hedge funds own 30.79% of the company’s stock.

Atomera Company Profile

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