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Aterian Reports Second Quarter 2024 Results
Globe Newswire (Thu, 8-Aug 4:15 PM ET)
Aterian Sets Date for Second Quarter 2024 Earnings Announcement & Investor Conference Call
Globe Newswire (Mon, 29-Jul 10:30 AM ET)
Globe Newswire (Wed, 26-Jun 4:30 PM ET)
Aterian Inc is a technology-enabled consumer products company. Its product categories include home and kitchen appliances, kitchenware, environmental appliances (dehumidifiers and air conditioners), beauty-related products and, consumer electronics. It has various owned and operated brands including Vremi, Healing Solutions, Xtava, TRUWEO, Spiralize, Pohl+Schmitt, and RIF6. The company generates revenue through the online sales of various consumer products that are sold online.
Aterian trades on the NASDAQ stock market under the symbol ATER.
As of September 17, 2024, ATER stock price climbed to $3.18 with 28,511 million shares trading.
ATER has a beta of 0.67, meaning it tends to be less sensitive to market movements. ATER has a correlation of 0.01 to the broad based SPY ETF.
ATER has a market cap of $27.31 million. This is considered a Sub-Micro Cap stock.
Last quarter Aterian reported $28 million in Revenue and -$.52 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.26.
In the last 3 years, ATER stock traded as high as $203.16 and as low as $1.90.
The top ETF exchange traded funds that ATER belongs to (by Net Assets): VTI, VXF.
ATER stock has underperformed the market in the last year with a return of -20.4%, while SPY returned +28.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ATER shares. However, ATER has outperformed the market in the last 3 month and 2 week periods, returning +42.0% and +6.4%, while SPY returned +4.1% and -0.1%, respectively. This indicates ATER has been having a stronger performance recently.
ATER support price is $3.00 and resistance is $3.34 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ATER stock will trade within this expected range on the day.