The stock of Atomera Inc (NASDAQ:ATMR) reached all time low today, Oct, 5 and still has $6.88 target or 13.00% below today’s $7.91 share price. This indicates more downside for the $93.51M company. This technical setup was reported by Barchart.com. If the $6.88 PT is reached, the company will be worth $12.16 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 40,721 shares traded hands. Atomera Inc (NASDAQ:ATMR) has risen 6.00% since September 5, 2016 and is uptrending. It has underperformed by 2.26% 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: Bizjournals.com which released: “Los Gatos chip tech company boosts microcap IPO goals” on August 01, 2016, also Streetinsider.com with their article: “Form 4 Atomera Inc For: Aug 10 Filed by: Gerber John” published on August 17, 2016, Streetinsider.com published: “Form 3 Atomera Inc For: Aug 30 Filed by: SHEVICK STEVEN K” on September 10, 2016. More interesting news about Atomera Inc (NASDAQ:ATMR) were released by: Benzinga.com and their article: “Atomera Announces Pricing of Initial Public Offering” published on August 04, 2016 as well as Renaissancecapital.com‘s news article titled: “Micro-cap semiconductor co. atomera sets terms for $18 million IPO” with publication date: June 30, 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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