AltC Acquisition Corp (NYSE:ALCC) price closed lower on Friday, April 12, dropping -4.85% below its previous close.
A look at the daily price movement shows that the last close reads $13.41. The company’s P/E ratio in the trailing 12-month period read 63.83. Taking into account the 52-week price action we note that the stock hit a 52-week high of $17.49 and 52-week low of $10.10. The stock added 18.26% on its value in the past month.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give ALCC a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that ALCC’s price is at present 6.09% off the SMA20 and 13.63% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 54.63, with weekly volatility standing at 14.50%. The indicator jumps to 5.63% when calculated based on the past 30 days. AltC Acquisition Corp (NYSE:ALCC)’s beta value is holding at 0.01, while the average true range (ATR) indicator is currently reading 0.82. An analysis of the AltC Acquisition Corp (NYSE:ALCC) stock in terms of its daily trading volume indicates that the 3-month average is 507.35K.
Current records show that the company has 30.60M in outstanding shares. The insiders’ percentage holdings are 33.29% of outstanding shares while the percentage share held by institutions stands at 60.97%. But the 20.83% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
