Allegheny Technologies Incorporated Stock Today

ATI Stock  USD 50.92  0.71  1.41%   

Performance

6 of 100

 
Low
 
High
Modest

Odds Of Distress

Less than 3

 
100  
 
Zero
Very Low
Allegheny Technologies is trading at 50.92 as of the 28th of March 2024. This is a 1.41 percent increase since the beginning of the trading day. The stock's open price was 50.21. Allegheny Technologies has a very small chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Allegheny Technologies Incorporated are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Materials
IPO Date
29th of November 1999
Category
Industrials
ATI Inc. manufactures and sells specialty materials and components worldwide. ATI Inc. was founded in 1960 and is headquartered in Dallas, Texas. Ati operates under Metal Fabrication classification in the United States and is traded on New York Stock Exchange. The company has 127.78 M outstanding shares of which 6.66 M shares are presently shorted by investors with about 3.81 days to cover. More on Allegheny Technologies Incorporated

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Allegheny Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Allegheny Technologies' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Allegheny Technologies or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Chairman, CEO and PresRichard Harshman
Thematic IdeaSteel Works Etc (View all Themes)
Old Names[ACTIA Group S.A., Atlantic Ltd.]
Business ConcentrationMetals & Mining, Metal Fabrication, Industrials, NYSE Composite, SP Small-Cap 600, Steel Works Etc, Materials, Metals & Mining, Metal Fabrication, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering Allegheny Technologies report their recommendations after researching Allegheny Technologies' financial statements, talking to executives and customers, or listening in on Allegheny Technologies' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Allegheny Technologies. The Allegheny consensus assessment is calculated by taking the average forecast from all of the analysts covering Allegheny Technologies.
Financial Strength
Based on the key indicators related to Allegheny Technologies' liquidity, profitability, solvency, and operating efficiency, Allegheny Technologies Incorporated is doing better financially then in previous quarter. It has a moderate likelihood of reporting better financial numbers in April. Financial strength of Allegheny Technologies is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.061.5135
Way Down
Pretty Stable
Gross Profit Margin0.170.1064
Way Up
Very volatile
Net Debt806 M1.4 B
Way Down
Pretty Stable
Total Current Liabilities764.3 M977.1 M
Significantly Down
Very volatile
Non Current Liabilities Total2.1 B2.5 B
Fairly Down
Very volatile
Total Assets4.6 BB
Significantly Down
Pretty Stable
Total Current AssetsB2.7 B
Way Down
Pretty Stable
Allegheny Technologies' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Allegheny Technologies' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Allegheny Technologies' bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Allegheny Technologies' outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Allegheny Technologies' financial leverage. It provides some insight into what part of Allegheny Technologies' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Allegheny Technologies' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Allegheny Technologies deploys its capital and how much of that capital is borrowed.
Liquidity
Allegheny Technologies cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 2.18 B in debt with debt to equity (D/E) ratio of 1.84, which is OK given its current industry classification. Allegheny Technologies has a current ratio of 2.82, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Allegheny Technologies until it has trouble settling it off, either with new capital or with free cash flow. So, Allegheny Technologies' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Allegheny Technologies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Allegheny to invest in growth at high rates of return. When we think about Allegheny Technologies' use of debt, we should always consider it together with cash and equity.

Free Cash Flow

(109.06 Million)
Allegheny Technologies Incorporated (ATI) is traded on New York Stock Exchange in USA. It is located in 2021 McKinney Avenue, Dallas, TX, United States, 75201 and employs 7,300 people. Allegheny Technologies is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 6.42 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Allegheny Technologies's market, we take the total number of its shares issued and multiply it by Allegheny Technologies's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Allegheny Technologies runs under Metals & Mining sector within Materials industry. The entity has 127.78 M outstanding shares of which 6.66 M shares are presently shorted by investors with about 3.81 days to cover. Allegheny Technologies Incorporated has about 584 M in cash with 85.9 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.55.
Check Allegheny Technologies Probability Of Bankruptcy
Ownership Allocation
Allegheny Technologies retains a total of 127.78 Million outstanding shares. The majority of Allegheny Technologies Incorporated outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Allegheny Technologies to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Allegheny Technologies. Please pay attention to any change in the institutional holdings of Allegheny Technologies Incorporated as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Allegheny Ownership Details

Allegheny Stock Price Odds Analysis

Coming from a normal probability distribution, the odds of Allegheny Technologies jumping above the current price in 90 days from now is about 5.25%. The Allegheny Technologies Incorporated probability density function shows the probability of Allegheny Technologies stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.433. This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Allegheny Technologies will likely underperform. Additionally, allegheny Technologies Incorporated has an alpha of 0.0122, implying that it can generate a 0.0122 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 50.92HorizonTargetOdds Above 50.92
94.71%90 days
 50.92 
5.25%
Based on a normal probability distribution, the odds of Allegheny Technologies to move above the current price in 90 days from now is about 5.25 (This Allegheny Technologies Incorporated probability density function shows the probability of Allegheny Stock to fall within a particular range of prices over 90 days) .

Allegheny Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Allegheny Technologies that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Allegheny Technologies' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Allegheny Technologies' value.
InstituionRecorded OnShares
Dimensional Fund Advisors, Inc.2023-12-31
2.3 M
Palestra Capital Management Llc2023-09-30
2.2 M
Morgan Stanley - Brokerage Accounts2023-12-31
2.1 M
Capital World Investors2023-12-31
M
Loomis, Sayles & Company Lp2023-12-31
1.6 M
Charles Schwab Investment Management Inc2023-12-31
1.6 M
Driehaus Capital Management Llc2023-12-31
1.5 M
Channing Capital Management, Llc2023-12-31
1.5 M
Allspring Global Investments Holdings, Llc2023-12-31
1.5 M
Blackrock Inc2023-12-31
20.2 M
Capital Research & Mgmt Co - Division 32023-12-31
15.2 M
View Allegheny Technologies Diagnostics

Allegheny Technologies Historical Income Statement

Allegheny Technologies Incorporated Income Statement is one of the three primary financial statements used for reporting Allegheny's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Allegheny Technologies revenue and expense. Allegheny Technologies Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Allegheny Technologies' Income Before Tax is decreasing as compared to previous years. The Allegheny Technologies' current Net Income is estimated to increase to about 431.3 M, while Interest Expense is projected to decrease to under 67.3 M. View More Fundamentals

Allegheny Stock Against Markets

Picking the right benchmark for Allegheny Technologies stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Allegheny Technologies stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Allegheny Technologies is critical whether you are bullish or bearish towards Allegheny Technologies Incorporated at a given time. Please also check how Allegheny Technologies' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Allegheny Technologies without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Allegheny Technologies Corporate Directors

Allegheny Technologies corporate directors refer to members of an Allegheny Technologies board of directors. The board of directors generally takes responsibility for the Allegheny Technologies' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Allegheny Technologies' board members must vote for the resolution. The Allegheny Technologies board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Brett HarveyIndependent DirectorProfile
John PipskiIndependent DirectorProfile
Marianne KahIndependent DirectorProfile
Louis ThomasIndependent DirectorProfile

How to buy Allegheny Stock?

Before investing in Allegheny Technologies, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Allegheny Technologies. To buy Allegheny Technologies stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Allegheny Technologies. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Allegheny Technologies stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Allegheny Technologies Incorporated stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Allegheny Technologies Incorporated stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Allegheny Technologies Incorporated, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Allegheny Stock please use our How to Invest in Allegheny Technologies guide.

Already Invested in Allegheny Technologies Incorporated?

The danger of trading Allegheny Technologies Incorporated is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Allegheny Technologies is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Allegheny Technologies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Allegheny Technologies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Allegheny Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Allegheny Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Allegheny Technologies Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Allegheny Technologies Incorporated Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegheny Technologies Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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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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Is Allegheny Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allegheny Technologies. If investors know Allegheny will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allegheny Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.32)
Earnings Share
2.81
Revenue Per Share
32.582
Quarterly Revenue Growth
0.053
Return On Assets
0.0537
The market value of Allegheny Technologies is measured differently than its book value, which is the value of Allegheny that is recorded on the company's balance sheet. Investors also form their own opinion of Allegheny Technologies' value that differs from its market value or its book value, called intrinsic value, which is Allegheny Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allegheny Technologies' market value can be influenced by many factors that don't directly affect Allegheny Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allegheny Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegheny Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegheny Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.