AtriCure (ATRC) Stock Price, News & Analysis

Company Overview

AtriCure, Inc. develops, manufactures, and sells devices for surgical ablation of cardiac tissue, exclusion of the left atrial appendage, and temporarily blocking pain by ablating peripheral nerves to medical centers in the United States, Europe, the Asia-Pacific, and internationally. The company offers Isolator Synergy Clamps, single-use disposable radio frequency products; multifunctional pens and linear ablation devices, such as the MAX Pen device that enables surgeons to evaluate cardiac arrhythmias, perform temporary cardiac pacing, sensing, and stimulation, and ablate cardiac tissue with the same device; and the Coolrail device, which enables users to make longer linear lines of ablation. It also provides cryoICE Cryoablation System that enables the user to make linear ablations of varied lengths; EPi-Sense Systems, a single-use disposable device used for the treatment of symptomatic, drug-refractory, and long-standing persistent atrial fibrillation; cryoSPHERE probe, which provides temporary pain relief by applying cryothermic energy to targeted intercoastal peripheral nerves in the ribcage; AtriClip System, an implantable device coupled to a single-use disposable applier; and LARIAT System, a suture-based solution for soft-tissue closure. In addition, the company sells Lumitip dissectors to separate tissues to provide access to key anatomical structures that are targeted for ablation; Glidepath guides for placement of clamps; Subtle Cannula's to support access for EPi-Sense catheters; and various reusable cardiac surgery instruments. It markets and sells its products through independent distributors and direct sales personnel. The company was incorporated in 2000 and is headquartered in Mason, Ohio.

Key Stats

• Today's Range: $31.36 to $32.16
• 50-Day Range: $27.02 to $38.20
• 52-Week Range: $18.94 to $39.04
• Volume: 442,429 shs
• Average Volume: 696,741 shs
• Market Capitalization: $1.54 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $42.00
• Consensus Rating: Buy

AtriCure Stock Analysis - MarketRank™

AtriCure scored higher than 72% of companies evaluated by MarketBeat, and ranked 322nd out of 950 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.5 / 5
• Analyst Rating: Buy

Consensus Rating

AtriCure has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 8 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

AtriCure has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for AtriCure are expected to grow in the coming year, from ($0.72) to ($0.63) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of AtriCure is -37.95, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of AtriCure is -37.95, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

AtriCure has a P/B Ratio of 3.20. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.47% of the outstanding shares of AtriCure have been sold short.

Short Interest Ratio / Days to Cover

AtriCure has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in AtriCure has recently increased by 1.20%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

AtriCure does not currently pay a dividend.

Dividend Growth

AtriCure does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.47% of the outstanding shares of AtriCure have been sold short.

Short Interest Ratio / Days to Cover

AtriCure has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in AtriCure has recently increased by 1.20%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.96

News Sentiment

AtriCure has a news sentiment score of 0.96. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.78 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for AtriCure this week, compared to 4 articles on an average week.

Search Interest

Only 1 people have searched for ATRC on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, AtriCure insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.20% of the stock of AtriCure is held by insiders.

Percentage Held by Institutions

99.11% of the stock of AtriCure is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ATRC Stock Analysis - Frequently Asked Questions

How have ATRC shares performed this year?

AtriCure's stock was trading at $35.69 at the start of the year. Since then, ATRC stock has decreased by 11.7% and is now trading at $31.50.
View the best growth stocks for 2024 here.

How were AtriCure's earnings last quarter?

AtriCure, Inc. (NASDAQ:ATRC) posted its quarterly earnings data on Tuesday, October, 29th. The medical device company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.02. The company's quarterly revenue was up 17.9% compared to the same quarter last year.

Does AtriCure have any subsidiaries?

The following companies are subsidiaries of AtriCure: SentreHEART.

Who are AtriCure's major shareholders?

AtriCure's top institutional shareholders include Champlain Investment Partners LLC (5.72%), Wellington Management Group LLP (3.17%), State Street Corp (2.76%) and Geode Capital Management LLC (2.36%). Insiders that own company stock include Salvatore Privitera, Justin J Noznesky, Karl S Dahlquist, Vinayak Doraiswamy, Tonya Austin, Karen Prange and Maggie Yuen.
View institutional ownership trends.

How do I buy shares of AtriCure?

Shares of ATRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of AtriCure own?

Based on aggregate information from My MarketBeat watchlists, some other companies that AtriCure investors own include Meta Platforms (META), NVIDIA (NVDA), JPMorgan Chase & Co. (JPM), Tesla (TSLA), Advanced Micro Devices (AMD), Visa (V) and Home Depot (HD).

Company Calendar

• Last Earnings: 10/29/2024
• Today: 12/17/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Surgical & medical instruments
• Sub-Industry: Health Care Equipment
• Current Symbol: NASDAQ:ATRC
• CUSIP: 04963C20
• CIK: 1323885
• Web: www.atricure.com
• Phone: (513) 755-4100
• Fax: 513-755-4567
• Employees: 1,200
• Year Founded: 2000

Price Target and Rating

• Average Stock Price Target: $42.00
• High Stock Price Target: $61.00
• Low Stock Price Target: $26.00
• Potential Upside/Downside: +33.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.83)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-30,440,000.00
• Net Margins: -8.70%
• Pretax Margin: -8.44%
• Return on Equity: -8.12%
• Return on Assets: -6.21%

Debt

• Debt-to-Equity Ratio: 0.13
• Current Ratio: 3.62
• Quick Ratio: 2.59

Sales & Book Value

• Annual Sales: $447.57 million
• Price / Sales: 3.43
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $9.84 per share
• Price / Book: 3.20

Miscellaneous

• Outstanding Shares: 48,753,000
• Free Float: 47,193,000
• Market Cap: $1.54 billion
• Optionable: Optionable
• Beta: 1.40