Posted by admin on Aug 18th, 2022

Fathom Digital Manufacturing Co. (NYSE:FATH – Get Rating) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 503,800 shares, a drop of 10.2% from the July 15th total of 561,000 shares. Currently, 1.8% of the company’s shares are short sold. Based on an average daily volume of 100,700 shares, the days-to-cover ratio is currently 5.0 days.

Several research firms have weighed in on FATH. Bank of America began coverage on Fathom Digital Manufacturing in a research report on Friday, May 13th. They set a “neutral” rating and a $7.00 price objective on the stock. Needham & Company LLC cut their price objective on Fathom Digital Manufacturing from $9.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Craig Hallum cut their price objective on Fathom Digital Manufacturing to $9.00 and set a “na” rating on the stock in a research report on Tuesday, May 17th.

Shares of FATH opened at $3.84 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.79 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of $4.02 and a two-hundred day simple moving average of $6.04. Fathom Digital Manufacturing has a 1-year low of $3.18 and a 1-year high of $11.50.

Fathom Digital Manufacturing (NYSE:FATH – Get Rating) last announced its earnings results on Monday, May 16th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The business had revenue of $40.54 million for the quarter, compared to analyst estimates of $41.30 million. On average, equities research analysts expect that Fathom Digital Manufacturing will post 0.04 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Centiva Capital LP bought a new stake in shares of Fathom Digital Manufacturing during the 4th quarter valued at $198,000. ARK Investment Management LLC bought a new stake in shares of Fathom Digital Manufacturing during the 1st quarter valued at $5,480,000. Sciencast Management LP bought a new stake in shares of Fathom Digital Manufacturing during the 1st quarter valued at $114,000. Liberty Street Advisors Inc. bought a new stake in shares of Fathom Digital Manufacturing during the 1st quarter valued at $1,629,000. Finally, Victory Capital Management Inc. bought a new stake in shares of Fathom Digital Manufacturing during the 1st quarter valued at $77,000. 78.39% of the stock is currently owned by hedge funds and other institutional investors.

Fathom Digital Manufacturing Corporation, a digital manufacturing platform, provides product development and manufacturing services in North America. It provides plastic and metal additive manufacturing, computer numerical control machining, injection molding and tooling, precision sheet metal fabrication, design engineering, urethane casting, and chemical etching.

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