Atomera ( ATOM ): Base forming and waiting for next catalyst of next JDA or Phase 4 announcement

Twitter @microcapreturns

  • Atomera (ATOM)
  • 22.4m shares outstanding
  • $37.9m in cash, no debt
  • $14m/year burn rate
  • 370 fabs and approx. 500 nodes potential
  • Est. $64m/year royalties per node
  • BlackRock now owns 1.148m or 5.4% as of 2/2/21 13G filing
  • Real time Short interest around 2.8m shares

Updated 2/21/21

The weekly chart shows how strong the momentum is in this stock. The stock has moved consistently since the first JDA was announced on January 5th. A base around $35 is forming and expect a strong upward move if a second JDA is announced or Phase 4 is completed with the first JDA. A second JDA would clearly indicate industry wide adoption and puts the stock in play for a potential buyout in 2021. With $37.9m in the bank, no debt and enough cash for 2+ years of operations there will be no reason to raise money. A tiny float, averaging around 700k shares per day and a large short position may spark an accelerated move towards the $55-57 target.

Weekly chart indicates continued uptrend

The daily chart is showing the gap filled up to $41. If the MACD turns positive expect the next leg upward. This past weeks short interest has held steady. The price and volume indicates big money players continue to pour into the stock. Accumulation of the remaining few shares of the available float are being bought by long term holders. Watch the 20dma for support.

Looking for upward turn of MACD
Chart courtesy of irf944 from stocktwits

Any due diligence from this site is for entertainment only and not a solicitation to buy or sell Atomera stock.Any estimates are just examples of what is possible and should not be considered financial advise. I have not been compensated in any way and will never be compensated for my reports.

2 thoughts on “Atomera ( ATOM ): Base forming and waiting for next catalyst of next JDA or Phase 4 announcement

    1. There were a lot of shares shorted (sold by people who didn’t own them). When they had to buy them back the price went up until someone sold them shares to cover their short.

      Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s