Aterian (NASDAQ:ATER) Stock Price Up 0.9% – Time to Buy?

Aterian, Inc. (NASDAQ:ATER)’s share price rose 0.9% on Monday . The stock traded as high as $0.6886 and last traded at $0.68. Approximately 25,895 shares were traded during trading, a decline of 36% from the average daily volume of 40,629 shares. The stock had previously closed at $0.6740.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aterian in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce”.

Aterian Stock Performance

The company has a market cap of $7.36 million, a P/E ratio of -0.28 and a beta of 0.04. The stock has a 50-day moving average of $0.61 and a two-hundred day moving average of $0.76.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its position in Aterian by 73.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 21,392 shares of the company’s stock valued at $45,000 after buying an additional 9,026 shares in the last quarter. Citadel Advisors LLC increased its position in Aterian by 222.0% during the 3rd quarter. Citadel Advisors LLC now owns 33,165 shares of the company’s stock valued at $35,000 after buying an additional 22,865 shares in the last quarter. Susquehanna International Group LLP increased its position in Aterian by 310.2% during the 3rd quarter. Susquehanna International Group LLP now owns 40,512 shares of the company’s stock valued at $43,000 after buying an additional 30,637 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Aterian during the 2nd quarter valued at approximately $55,000. Institutional investors own 7.02% of the company’s stock.

About Aterian

Aterian Inc is a technology-driven consumer products company that leverages artificial intelligence and machine learning to develop, source and market branded household, health and personal care products. Through its proprietary data analytics platform, Aterian identifies emerging trends, forecasts demand and optimizes product selection, pricing and distribution. The company maintains a vertically integrated supply chain, overseeing manufacturing partnerships and logistics to support rapid product development and market entry.

Aterian’s portfolio spans a range of categories including home and kitchen, health and wellness, baby care, beauty tools and electronics accessories.