Ault Alliance Inc (AMEX:AULT) shares, rose in value, with the stock price down by -1.28% to the previous day’s close as strong demand from buyers drove the stock to $0.36.
Actively observing the price movement in the last trading, the stock closed the session at $0.37. The value of beta (5-year monthly) was 3.71. Referring to stock’s 52-week performance, its high was $693.22, and the low was $0.35. On the whole, AULT has fluctuated by -9.97% over the past month.
With the market capitalization of Ault Alliance Inc currently standing at about $10.76 million, investors are eagerly awaiting this quarter’s results, scheduled for Apr 15, 2024 – Apr 19, 2024.
Analysts have estimated the company’s revenue for the quarter at $34.36 million, with a low estimate of $37.5 million and a high estimate of $37.5 million. According to the average forecast, sales growth in current quarter could jump up 340.60%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $134.33 million, representing an increase of 156.40% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that AULT’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AULT currently trading nearly -7.44% and -18.72% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.36, while the 7-day volatility ratio is showing 5.03% which for the 30-day chart, stands at 10.34%. Furthermore, Ault Alliance Inc (AULT)’s beta value is 3.81, and its average true range (ATR) is 0.06.
A comparison of Ault Alliance Inc (AULT) with its peers suggests the former has fared considerably weaker in the market. AULT showed an intraday change of -1.28% in last session, and over the past year, it shrunk by -99.93%%.
Data on historical trading for Ault Alliance Inc (AMEX:AULT) indicates that the trading volumes over the past 10 days have averaged 2.01 million and over the past 3 months, they’ve averaged 6.54 million. According to company’s latest data on outstanding shares, there are 29.62 million shares outstanding.
Nearly 1.00% of Ault Alliance Inc’s shares belong to company insiders and institutional investors own 0.16% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.31 million shares as on Mar 15, 2024, resulting in a short ratio of 0.11. According to the data, the short interest in Ault Alliance Inc (AULT) stood at 46.33% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 1.17 million. The stock has fallen by -84.47% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AULT stock heading into the next quarter.
