Attis Industries, Inc. (ATIS) Stock: A Service Sector Stock That’s Seeing Strong Declines

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Attis Industries, Inc. (ATIS) is falling in the market in today’s trading session. The stock, focused on the service sector, is presently priced at $0.98 after tumbling -7.45% so far in today’s session. As it relates to service companies, there are several aspects that have the potential to lead to price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent headlines surrounding ATIS:

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Oct-15-19 05:30PM Attis Provides an Update on Status of Nasdaq Listing
Aug-23-19 05:00PM Attis Provides an Update on Status of Nasdaq Listing
Aug-05-19 01:15PM Attis Industries to Host Congressman John Katko at Fulton Ethanol Plant
Jul-10-19 10:00AM Attis Industries Joins the Advanced Biofuels Association
Jun-20-19 10:07AM Attis Industries Praises EPAs Approval of Year Around E15

Nonetheless, any time investors are making an investing decision, prospective investors should take a look at far more than news, especially in the ever incredibly complex service industry. Here’s what’s happening in regard to Attis Industries, Inc..

How ATIS Has Been Trending

Although a single session decline, like what we’re seeing from Attis Industries, Inc. may lead to fear in some investors, a single session move alone shouldn’t be the reason for a decision to, or not to, invest in a stock. It is generally smart to look at trends experienced by the stock further out than a single trading session. In the case of ATIS, below are the movements that we’ve seen:

  • Past Seven Days – In the last 5 trading sessions, ATIS has seen a change in price amounting to -3.64%.
  • Monthly – The monthly returns from Attis Industries, Inc. comes to 32.67%.
  • Past Three Months – Throughout the past three months, the company has produced a ROI that works out to -26.90%
  • Past 6 Months – Over the past six months, we’ve seen a performance that amounts to -29.80% from the stock.
  • YTD – Since the close of last year ATIS has produced a ROI of -25.35%.
  • Annually – Lastly, in the past full year, investors have seen performance in the amount of -48.64% out of ATIS. In this period of time, the stock has traded at a high price of -82.23% and a low price of 63.50%.

Rations That Investors Should Think About

Digging into various ratios associated with a stock can give prospective traders an understanding of just how dangerous and/or rewarding a an investment option may be. Below are some of the most important ratios to look at when digging into ATIS.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors believe that the stock is headed for declines. In general, strong service sector stocks can carry a lower short ratio. However, we tend to see a lot of short squeezes in the industry. Nonetheless, with regard to Attis Industries, Inc., the stock’s short ratio comes to 0.16.

Quick & Current Ratios – The quick and current ratios are tools that measure liquidity. Basically, they measure If a company is able to pay its debts when they come due using quick assets or current assets. do have great quick and current ratios. As it relates to ATIS, the quick and current ratios work out to 0 and 0 respectively.  

Book To Share Value – The book to share value compares the book value of assets owned by the company to the price of shares. In this case, that ratio comes in at 3.59.

Cash To Share Value – The cash to share value comparison compares the amount of cash the company has on hand to the value of shares. As it relates to ATIS, the cash to share value works out to 0.

Smart Money Follows Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in ATIS, here’s what we’re seeing:

  • Institutions – As it stands now, institutional investors hold 7.19% of ATIS. On the other hand, it’s important to mention that institutional ownership has seen a move of 0 in the past 3 months.
  • Investors On The Inside – When it comes to insiders, members of the management team and others close to ATIS currently hold 22.32% of Attis Industries, Inc.. Their ownership of the company has moved 0 in the last quarter.

How Analysts Feel About Attis Industries, Inc.

While it’s never a good idea to unknowingly follow the opinions of analysts, it is a good idea to consider their thoughts when validating your own before making investment decisions in the service industry. Below are the recent moves that we have seen from analysts as it relates to ATIS.

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Financial Performance

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0. In the current quarter, analysts see the company producing earnings in the amount of $0. Over the last 5 years, ATIS has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of 0 and revenue has seen movement of -98.00%.

What’s Going On With Share Counts?

Traders seem to have a heavy interest in the counts of shares both outstanding and available. As it relates to Attis Industries, Inc., currently there are 4.31M and there is a float of 2.25M. These numbers mean that out of the total of 4.31M shares of ATIS that are out there today, 2.25M are able to be traded on the public market.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to ATIS, the short percent of the float is 2.88%.

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