Aterian (NASDAQ:ATER) Shares Cross Above 200-Day Moving Average – What’s Next?

Aterian, Inc. (NASDAQ:ATER) shares passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $0.77 and traded as high as $0.8232. Aterian shares last traded at $0.8050, with a volume of 114,176 shares trading hands.

Wall Street Analysts Forecast Growth

ATER has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Aterian in a report on Friday, August 14th. Wall Street Zen cut Aterian from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Aterian Trading Down 1.9%

The stock’s 50-day moving average is $0.64 and its 200-day moving average is $0.77. The stock has a market cap of $7.99 million, a price-to-earnings ratio of -0.40 and a beta of 1.37.

Aterian (NASDAQ:ATER) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.26). Aterian had a negative net margin of 49.30% and a negative return on equity of 92.04%. The business had revenue of $0.01 million for the quarter, compared to analyst estimates of $20.30 million.

About Aterian

Aterian, Inc (NASDAQ: ATER) is a technology-enabled consumer products company that develops, acquires and sells products through online retail channels. Its portfolio has included household, kitchen, health and wellness, beauty, outdoor and other consumer-focused products marketed under a range of brands.

The company uses data analytics, software and automation to identify product opportunities, manage sourcing and manufacturing, optimize marketing, and support sales and inventory decisions.