Atome (LON:ATOM) Coverage Initiated at Canaccord Genuity Group

Analysts at Canaccord Genuity Group assumed coverage on shares of Atome (LON:ATOM) in a report released on Monday, Marketbeat reports. The brokerage set a “speculative buy” rating and a GBX 130 ($1.62) price target on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 113.11% from the company’s current price.

Atome Price Performance

Atome stock opened at GBX 61 ($0.76) on Monday. The stock has a market cap of £27.40 million, a P/E ratio of -469.23 and a beta of 0.13. The company has a quick ratio of 5.80, a current ratio of 5.41 and a debt-to-equity ratio of 10.68. Atome has a twelve month low of GBX 42.55 ($0.53) and a twelve month high of GBX 110 ($1.37). The company’s 50-day moving average price is GBX 54.66 and its two-hundred day moving average price is GBX 68.23.

Insider Buying and Selling

In related news, insider Peter M. Levine bought 195,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were purchased at an average price of GBX 50 ($0.62) per share, for a total transaction of £97,500 ($121,374.33). 59.10% of the stock is currently owned by company insiders.

About Atome

Atome Plc engages in producing, marketing, and distributing green hydrogen and ammonia. The company was formerly known as ATOME Energy PLC and changed its name to Atome Plc in February 2024. Atome Plc was incorporated in 2021 and is based in Leeds, the United Kingdom.