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Should Your Next Investment In The Tech Industry Be In Atomera Incorporated (ATOM)?

Becky Mayes

Atomera Incorporated (NASDAQ:ATOM), is a USD$32.71M small-cap, which operates in the tech hardware industry based in United States. Technology has become a vital component of every industry, bringing unprecedented opportunities for growth, along with challenges and competition. Tech analysts are forecasting for the entire hardware tech industry, a positive double-digit growth of 16.29% in the upcoming year , and a whopping growth of 44.22% over the next couple of years. However this rate still came in below the growth rate of the US stock market as a whole. Today, I’ll take you through the tech sector growth expectations, as well as evaluate whether ATOM is lagging or leading in the industry. View our latest analysis for Atomera

What’s the catalyst for ATOM’s sector growth?

NasdaqCM:ATOM Past Future Earnings Nov 7th 17
NasdaqCM:ATOM Past Future Earnings Nov 7th 17

Despite all the opportunities, tech companies still face a host of challenges, including coping with an increasingly burdensome global regulation. Since the regulatory environment is unlikely to become less complex, organizations will need to address the constantly evolving rules for governing privacy, security and handling of data, as well as cybersecurity issues. Over the past year, the industry saw growth in the thirties, beating the US market growth of 10.30%. ATOM lags the pack with its sustained negative earnings over the past couple of years. The company’s outlook seems uncertain, with a lack of analyst coverage, which doesn’t boost our confidence in the stock. This lack of growth and transparency means ATOM may be trading cheaper than its peers.

Is ATOM and the sector relatively cheap?

NasdaqCM:ATOM PE PEG Gauge Nov 7th 17
NasdaqCM:ATOM PE PEG Gauge Nov 7th 17

Tech hardware companies are typically trading at a PE of 25x, in-line with the US stock market PE of 22x. This means the industry, on average, is fairly valued compared to the wider market – minimal expected gains and losses from mispricing here. However, the industry returned a higher 12.91% compared to the market’s 10.06%, potentially illustrative of past tailwinds. Since ATOM’s earnings doesn’t seem to reflect its true value, its PE ratio isn’t very useful. A loose alternative to gauge ATOM’s value is to assume the stock should be relatively in-line with its industry.

What this means for you:

Are you a shareholder? ATOM recently delivered an industry-beating growth rate in earnings, which is a positive for shareholders. If you’re bullish on the stock and well-diversified by industry, you may decide to hold onto ATOM as part of your portfolio. However, if you’re relatively concentrated in tech, you may want to value ATOM based on its cash flows to determine if it is overpriced based on its current growth outlook.

Are you a potential investor? If ATOM has been on your watchlist for a while, now may be the time to enter into the stock, if you like its ability to deliver growth and are not highly concentrated in the tech industry. Before you make a decision on the stock, take a look at ATOM’s cash flows and assess whether the stock is trading at a fair price.

For a deeper dive into Atomera’s stock, take a look at the company’s latest free analysis report to find out more on its financial health and other fundamentals. Interested in other tech stocks instead? Use our free playform to see my list of over 1000 other tech companies trading on the market.


To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned.

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Invest in Psilocybin Therapy with Compass Pathways StockIn 2018, Compass Pathways Received Breakthrough Therapy Designation From the FDA for COMP360 for the Treatment of TRDFounded in 2016, Compass Pathways (NASDAQ: CMPS) is located on the outskirts of Karl Pilkington's stomping grounds - Manchester, England - where the company managed to raise just over $116 million in funding from around a dozen investors including Peter Thiel ahead of its IPO. The bulk of that money is being put towards developing "a proprietary, high-purity polymorphic crystalline formulation of Psilocybin," and then turning it into a therapeutic that can address a severe form of depression known as treatment-resistant depression (TRD).READ FULL COMPASS PATHWAYS ARTICLE8\. Red White & Bloom Makes Final Cash Payment for Platinum Vape Acquisition, Platinum Reports Stunning First Week of 2021 SalesRWB's Powerhouse Cannabis Band Platinum Vape Continues to See Stunning Revenue Growth With Platinum Reporting Record-Breaking Sales of USD $2.8 Million in the First Week of 2021Red White & Bloom (OTCQX: RWBYF) announced that the company has now completed all cash payments related to the Platinum Vape (PV) acquisition. Powered by increased revenue figures in all active states, Platinum Vape expects to see its sales continue to organically accelerate as the company gears up to enter Arizona in Q1 2021 as well as enter core RWB markets throughout the year.READ FULL RED WHITE & BLOOM ARTICLE7\. As the Focus on Psychedelic Stocks Increases, So Do the ValuationsWith So Many New IPOs and Companies Launching in the Psychedelic Sector, it's Important to Fully Evaluate the Major Factors of Success or Failure in the IndustryThere are various steps that companies take to have a drug approved and to successfully complete them takes years and tens of millions of dollars. The further ahead a company moves in the approval process, the more valuable the company becomes, and that is why there is so much excitement for Compass Pathways. In all, there are currently only four Psychedelic Stocks that have Phase 2 clinical trials at the comment and they are Compass Pathways (NASDAQ: CMPS), MindMed (OTCQB: MMEDF), Cybin Inc. (NEO: CYBN) and Mydecine Innovations (OTC: MYCOF).READ FULL PSYCHEDELIC STOCKS ARTICLE6\. Aphria: Multiple Analysts Raise Price Targets Following Q2 2021 ResultsAphria Now Has 11 Analysts Covering its Stock and APHA Analyst Ratings Currently Include 2 "Strong Buy" Ratings, 6 "Buy" Ratings, and 3 "Hold" Ratings, With an Average 1-Year Price Target of CDN $11.85On Friday, Aphria (NYSE: APHA) reported its second-quarter financial results for fiscal 2021. The company reported net revenues of C$160.5 million, a 10% increase quarter over quarter. Net cannabis revenue came in at C$67.9 million, an increase of 7% quarter over quarter.READ FULL APHRIA ARTICLE5\. Champignon Brands Announces New CFO and New General CounselAppointments Complete New Top Management Team Under Leadership of Chairman and CEO Dr. Roger McIntyreChampignon Brands (OTCQB: SHRMF), Chairman and CEO Dr. Roger McIntyre announced the company's appointment of Stephen R. Brooks as its new Chief Financial Officer and Peter Rizakos as the firm's new General Counsel. These appointments complete the company's new top management team put into place by Dr. McIntyre and the Champignon Board of Directors.READ FULL CHAMPIGNON BRANDS ARTICLE4\. Curaleaf: Canaccord Raises Price Target to $23.50Curaleaf Currently Has 9 Analysts Covering its Stock With 2 Analysts Issuing "Strong Buy" Ratings, 9 Issuing "Buy" Ratings and an Average 1-Year Price Target of CDN $20.19Wednesday, Canaccord came out with their updated valuations for the large three multi-state operators. In doing so, they raised their 12-month price target on Curaleaf (OTCQX: CURLF) to C$23.50 from C$18.50, while reiterating their Speculative Buy rating on the company.READ FULL CURALEAF ARTICLE3\. Peter Thiel-Backed Psychedelics Start-Up Targets Schizophrenia Ahead of IPOATAI Life Science, a Peter Thiel-Backed Start-Up, Has Taken a Majority Stake in Recognify, a Company That is Developing Drugs to Help Treat SchizophreniaNews of the Recognify deal comes after ATAI raised $125 million from investors including Peter Thiel in November ahead of a planned stock market listing this year. Total investment in the company now stands at over $210 million. The plan is to take ATAI public in the next few months at a valuation of between $1 and $2 billion, according to an industry source that asked to remain anonymous due to the nature of the discussions.READ FULL ATAI ARTICLE2\. U.S., Canadian Pot Stocks Flying High in 2021 as American Legalization Hopes RiseCannabis Stocks Are Off to a Hot Start to the Year, But Can That Momentum Be Sustained?Thanks in large part to optimism surrounding the GA Senate run-off elections that will give the Democrats control of Congress and the White House, cannabis has been one of the biggest winners of 2021, with the valuations of most Pot Stocks trading around record highs. Top U.S. Multi-State Operators (MSOs) Curaleaf (OTCQX: CURLF), Trulieve (OTCQX: TCNNF), and Cresco Labs (OTCQX: CRLBF) all posting impressive early gains. The trade is also evident in Canada, with top Licensed Producers (LPs) Canopy Growth (NASDAQ: CGC), Cronos Group (NASDAQ: CRON) and Aphria (NYSE: APHA) - fresh off quarterly results that handily beat analyst expectations - also posting strong gains.READ FULL POT STOCKS ARTICLE1\. MindMed Expands Psychedelic Microdosing Division, Adds Groundbreaking Study Evaluating LSD Microdosing Through Next-Gen Digital Clinical MarkersMindMed to Commence Groundbreaking LSD Microdosing Study Evaluating Benefits on Neuroplasticity, Sleep, Cognitive Enhancement Variables and Immune System Response on the Human BodyMindMed (OTCQB: MMEDF), a leading Psychedelic medicine biotech company announced an innovative randomized placebo-controlled study evaluating the effects of daytime and evening administration of low doses of LSD on cognitive performance, sleep quality, mood, neuroplasticity markers, emotion regulation, quality of life, and immune system response.READ FULL MINDMED ARTICLESee more from Benzinga * Click here for options trades from Benzinga * Cannabis Countdown: Top 10 Marijuana And Psychedelics Industry News Stories Of The Week * Cannabis Countdown: Top 10 Marijuana And Psychedelic Stock News Stories Of The Week(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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