ATI reports mixed Q2 results reaffirms FY24 and beyond outlook

ATI Stock  USD 60.12  0.51  0.84%   
Under 55% of Allegheny Technologies' investor base is interested to short. The current sentiment regarding investing in Allegheny Technologies Incorporated stock implies that many traders are impartial. Allegheny Technologies' investing sentiment shows overall attitude of investors towards Allegheny Technologies Incorporated.
  
ATI press release Q2 Non-GAAP EPS of 0.60 beats by 0.02. Revenue of 1.1B misses by 10M. Q2 2024 ATI adjusted EBITDA of 182.6 million, or 16.7 percent of sales.

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Allegheny Technologies Current Investor Sentiment

Panic Vs Confidence

45

 
Panic
 
Confidence
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use Allegheny Technologies' input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward Allegheny Technologies Incorporated.

Allegheny Technologies Investor Sentiment by Other News Outlets

Investor sentiment, mood or attitude towards Allegheny Technologies can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Allegheny Technologies Historical Investor Sentiment

Investor biases related to Allegheny Technologies' public news can be used to forecast risks associated with an investment in Allegheny. The trend in average sentiment can be used to explain how an investor holding Allegheny can time the market purely based on public headlines and social activities around Allegheny Technologies Incorporated. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Allegheny Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Allegheny Technologies and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Allegheny Technologies news discussions. The higher the estimate score, the more favorable the investor's outlook on Allegheny Technologies.

Allegheny Technologies Fundamental Analysis

We analyze Allegheny Technologies' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Allegheny Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Allegheny Technologies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Five Year Return

Five Year Return Comparative Analysis

Allegheny Technologies is currently under evaluation in five year return category among its peers. Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.

Allegheny Technologies Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Allegheny Technologies stock to make a market-neutral strategy. Peer analysis of Allegheny Technologies could also be used in its relative valuation, which is a method of valuing Allegheny Technologies by comparing valuation metrics with similar companies.

Peers

Allegheny Technologies Related Equities

APAmpco Pittsburgh   10.38   
0%
100.0%
WORWorthington Industries   1.15   
0%
11.0%
NWPXNorthwest Pipe   0.79   
0%
7.0%
MECMayville Engineering   0.66   
0%
6.0%
RYIRyerson Holding   0.27   
2.0%
0%
ESABESAB Corp   0.36   
3.0%
0%
MLIMueller Industries   0.63   
6.0%
0%
IIINInsteel Industries   0.69   
6.0%
0%
PRLBProto Labs   0.75   
7.0%
0%
CRSCarpenter Technology   0.86   
8.0%
0%
GIFIGulf Island   1.99   
19.0%
0%

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