ATI Announces Second Quarter 2024 Results
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.
Allegheny |
ATI Inc. reported second quarter 2024 results, with sales of 1.10 billion and net income attributable to ATI of 81.9 million, or 0.58 per share.
Read at finance.yahoo.com
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.
News SentimentBullish | Hype SentimentBearish | Insider SentimentDisposing |
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.
Return On Asset
Return On Asset Comparative Analysis
Allegheny Technologies is currently under evaluation in return on asset category among its peers. Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
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
AP | Ampco Pittsburgh | 10.38 | ||||
WOR | Worthington Industries | 1.15 | ||||
NWPX | Northwest Pipe | 0.79 | ||||
MEC | Mayville Engineering | 0.66 | ||||
RYI | Ryerson Holding | 0.27 | ||||
ESAB | ESAB Corp | 0.36 | ||||
MLI | Mueller Industries | 0.63 | ||||
IIIN | Insteel Industries | 0.69 | ||||
PRLB | Proto Labs | 0.75 | ||||
CRS | Carpenter Technology | 0.86 | ||||
GIFI | Gulf Island | 1.99 |
Complementary Tools for Allegheny Stock analysis
When running Allegheny Technologies' price analysis, check to measure Allegheny Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Allegheny Technologies is operating at the current time. Most of Allegheny Technologies' value examination focuses on studying past and present price action to predict the probability of Allegheny Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allegheny Technologies' price. Additionally, you may evaluate how the addition of Allegheny Technologies to your portfolios can decrease your overall portfolio volatility.
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