Atomera: No small move as first customer enters Phase 4
02/03/2021 16:37
** Atomera ATOM.O jumped nearly 23% in early trade after
announcing that it has advanced its previously announced JDA
customer urn:newsml:reuters.com:*:nL4N2JG2I3, to the fourth phase of its customer
engagement process urn:newsml:reuters.com:*:nACS1KQzpa
** The semiconductor materials and technology licensing co
stock has since pared gains, last up ~7%
** ATOM currently has 25 engagements in its customer
pipeline, consisting of nine in phase one, 15 in phase three,
and one in phase four
** One analyst currently following ATOM has "buy"
recommendation; median PT $56, up from $14 three months ago
(Refinitiv data)
** ATOM posting a year-to-date gain of ~83%, after advancing
>400% in 2020
** That said, shares last down about 37% from their intraday
high of $47.13 hit on Feb 8
(Terence Gabriel is a Reuters market analyst. The views
expressed are his own)
((terence.gabriel.tr.com@reuters.net
terence.gabriel@tr.com))