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

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

Atomera Stock Performance

Shares of ATOM opened at $5.32 on Thursday. The business has a 50-day simple moving average of $9.85 and a two-hundred day simple moving average of $5.82. The company has a quick ratio of 5.25, a current ratio of 5.25 and a debt-to-equity ratio of 0.05. Atomera has a 52 week low of $2.31 and a 52 week high of $17.55. The stock has a market cap of $153.11 million, a price-to-earnings ratio of -7.60 and a beta of 1.38.

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 the consensus estimate 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%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Consolidated Planning Corp purchased a new stake in Atomera in the 3rd quarter worth $40,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Atomera during the third quarter worth about $44,000. XTX Topco Ltd bought a new stake in Atomera during the 3rd quarter valued at approximately $76,000. SLT Holdings LLC purchased a new position in Atomera in the 4th quarter worth approximately $116,000. Finally, Brendel Financial Advisors LLC bought a new position in Atomera in the 4th quarter worth approximately $124,000. Hedge funds and other institutional investors own 30.79% of the company’s stock.

About Atomera

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.