Shares of Atomera Inc (NASDAQ:ATOM) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Zacks has also assigned Atomera an industry rank of 102 out of 255 based on the ratings given to related companies.

ATOM has been the subject of a number of research reports. ValuEngine raised Atomera from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. Loop Capital initiated coverage on Atomera in a research report on Thursday, June 21st. They set a “buy” rating and a $10.00 price target for the company.

Institutional investors and hedge funds have recently modified their holdings of the business. Northern Trust Corp acquired a new stake in Atomera during the 1st quarter worth about $138,000. Avenir Corp acquired a new stake in Atomera during the 1st quarter worth about $250,000. Finally, Hollencrest Capital Management lifted its position in Atomera by 28.8% during the 2nd quarter. Hollencrest Capital Management now owns 386,582 shares of the technology company’s stock worth $2,366,000 after acquiring an additional 86,400 shares during the period. 15.81% of the stock is owned by institutional investors.

ATOM traded up $0.59 on Tuesday, reaching $5.84. 554,500 shares of the stock were exchanged, compared to its average volume of 69,444. Atomera has a fifty-two week low of $2.45 and a fifty-two week high of $8.00.

Atomera (NASDAQ:ATOM) last issued its quarterly earnings results on Thursday, August 9th. The technology company reported ($0.26) EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.48). The business had revenue of $0.10 million during the quarter.

About Atomera

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

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