Advent Technologies Holdings Inc (NASDAQ:ADN) shares, rose in value, with the stock price up by 10.05% to the previous day’s close as strong demand from buyers drove the stock to $0.18.
Actively observing the price movement in the last trading, the stock closed the session at $0.17. The value of beta (5-year monthly) was 0.08. Referring to stock’s 52-week performance, its high was $1.13, and the low was $0.15. On the whole, ADN has fluctuated by -4.02% over the past month.
With the market capitalization of Advent Technologies Holdings Inc currently standing at about $13.35 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 29, 2024 – Apr 02, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to $0 for fiscal year -$1.05 and then to about -$0.02 by fiscal year 2024. Data indicates that the EPS growth is expected to be -47.90% in 2024, while the next year’s EPS growth is forecast to be 98.10%.
Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $4 million, representing a decrease of -49.00% 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 ADN’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% 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 ADN currently trading nearly -2.80% and 1.30% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.43, while the 7-day volatility ratio is showing 6.74% which for the 30-day chart, stands at 9.97%. Furthermore, Advent Technologies Holdings Inc (ADN)’s beta value is 0.06, and its average true range (ATR) is 0.02.
A comparison of Advent Technologies Holdings Inc (ADN) with its peers suggests the former has fared considerably weaker in the market. ADN showed an intraday change of 10.05% in last session, and over the past year, it shrunk by -83.12%%.
Data on historical trading for Advent Technologies Holdings Inc (NASDAQ:ADN) indicates that the trading volumes over the past 10 days have averaged 0.66 million and over the past 3 months, they’ve averaged 1.35 million. According to company’s latest data on outstanding shares, there are 72.53 million shares outstanding.
Nearly 23.10% of Advent Technologies Holdings Inc’s shares belong to company insiders and institutional investors own 9.09% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.16 million shares as on Mar 15, 2024, resulting in a short ratio of 1.3. According to the data, the short interest in Advent Technologies Holdings Inc (ADN) stood at 4.35% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 2.35 million. The stock has fallen by -17.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ADN stock heading into the next quarter.
