ATER Stock Summary and Trading Ideas (Aterian | NASDAQ:ATER)

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 November 22, 2024, ATER stock price climbed to $2.58 with 89,821 million shares trading.

ATER has a beta of 0.30, meaning it tends to be less sensitive to market movements. ATER has a correlation of 0.00 to the broad based SPY ETF.

ATER has a market cap of $22.59 million. This is considered a Sub-Micro Cap stock.

Last quarter Aterian reported $26 million in Revenue and -$.25 earnings per share. This beat revenue expectation by $229,000 and exceeded earnings estimates by $.30.

In the last 3 years, ATER traded as high as $87.12 and as low as $1.90.

The top ETF exchange traded funds that ATER belongs to (by Net Assets): VTI, VXF.

ATER has underperformed the market in the last year with a price return of -37.4% while the SPY ETF gained +32.4%. ATER has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -12.2% and -14.0%, respectively, while the SPY returned +7.4% and -0.4%, respectively.

ATER support price is $2.27 and resistance is $2.54 (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 shares will trade within this expected range on the day.