The stock of Atomera Inc (NASDAQ:ATMR) hit a new 52-week low and has $6.03 target or 14.00% below today’s $7.01 share price. The 8 months bearish chart indicates high risk for the $79.37M company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $6.03 price target is reached, the company will be worth $11.11 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 6,616 shares traded hands. Atomera Inc (NASDAQ:ATMR) has risen 6.00% since October 3, 2016 and is uptrending. It has outperformed by 3.48% the S&P500.
According to Zacks Investment Research, “Atomera Incorporated is involved in the business of developing, commercializing and licensing proprietary processes and technologies for the semiconductor industry. It developed Mears Silicon Technology (TM) for semiconductor transistors. Atomera Incorporated is headquartered in Los Gatos, California.”
More notable recent Atomera Inc (NASDAQ:ATMR) news were published by: Reuters.com which released: “BRIEF-Atomera Inc files for IPO of 2.4 mln shares of common stock” on June 30, 2016, also Bizjournals.com with their article: “Los Gatos chip tech company boosts microcap IPO goals” published on August 01, 2016, Prweb.com published: “Atomera Announces Pricing of Initial Public Offering” on August 04, 2016. More interesting news about Atomera Inc (NASDAQ:ATMR) were released by: Renaissancecapital.com and their article: “Micro-cap semiconductor co. atomera sets terms for $18 million IPO” published on June 30, 2016 as well as Bizjournals.com‘s news article titled: “Pair of Silicon Valley technology companies plan microcap IPOs” with publication date: July 01, 2016.
ATMR Company Profile
Atomera Incorporated, formerly Mears Technologies, Inc., is a development-stage company, which is engaged in the business of developing, commercializing and licensing processes and technologies for the semiconductor industry. The Company’s performance enhancement technology, Mears Silicon Technology (MST), is a thin film of silicon, typically 100 to 300 angstroms thick. It offers MST to various types of semiconductor products, including analog, logic, optical and memory integrated circuits.
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