The stock of Atomera Inc (NASDAQ:ATMR) hit a new 52-week low and has $7.00 target or 11.00% below today’s $7.87 share price. The 8 months bearish chart indicates high risk for the $93.09M company. The 1-year low was reported on Oct, 5 by Barchart.com. If the $7.00 price target is reached, the company will be worth $10.24 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 16,296 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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