American Virtual Cloud Technologies Inc. [NASDAQ: AVCT] gained 20.83% or 0.7 points to close at $4.06 with a heavy trading volume of 3108466 shares. It opened the trading session at $3.17, the shares rose to $4.75 and dropped to $2.7501, the range by which the price of stock traded the whole day. The daily chart for AVCT points out that the company has recorded -60.66% loss over the past six months. However, it is still -180.0% lower than its most recent low trading price.
If we look at the average trading volume of 979.15K shares, AVCT reached to a volume of 3108466 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about American Virtual Cloud Technologies Inc. [AVCT]:
The Average True Range (ATR) for American Virtual Cloud Technologies Inc. is set at 0.65
Trading performance analysis for AVCT stock
American Virtual Cloud Technologies Inc. [AVCT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 106.09. With this latest performance, AVCT shares gained by 147.56% in over the last four-week period, additionally sinking by -60.66% over the last 6 months – not to mention a drop of -59.40% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AVCT stock in for the last two-week period is set at 90.08, with the RSI for the last a single of trading hit 93.75, and the three-weeks RSI is set at 66.22 for American Virtual Cloud Technologies Inc. [AVCT]. The present Moving Average for the last 50 days of trading for this stock 2.07, while it was recorded at 2.77 for the last single week of trading, and 8.18 for the last 200 days.
American Virtual Cloud Technologies Inc. [AVCT]: A deeper dive into fundamental analysis
Return on Total Capital for AVCT is now -1.51, given the latest momentum, and Return on Invested Capital for the company is -1.30. Return on Equity for this stock declined to -1.30, with Return on Assets sitting at -1.28. When it comes to the capital structure of this company, American Virtual Cloud Technologies Inc. [AVCT] has a Total Debt to Total Equity ratio set at 1.14. Additionally, AVCT Total Debt to Total Capital is recorded at 1.13, with Total Debt to Total Assets ending up at 1.11.
Reflecting on the efficiency of the workforce at the company, American Virtual Cloud Technologies Inc. [AVCT] managed to generate an average of -$1,283,868 per employee.American Virtual Cloud Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.00 and a Current Ratio set at 0.00.
An analysis of insider ownership at American Virtual Cloud Technologies Inc. [AVCT]
There are presently around $0 million, or 12.30% of AVCT stock, in the hands of institutional investors. The top three institutional holders of AVCT stocks are: PERISCOPE CAPITAL INC. with ownership of 11,000, which is approximately 0% of the company’s market cap and around 0.60% of the total institutional ownership; UBS GROUP AG, holding 173 shares of the stock with an approximate value of $1000.0 in AVCT stocks shares; and CITIGROUP INC, currently with $0.0 in AVCT stock with ownership of nearly New of the company’s market capitalization.
2 institutional holders increased their position in American Virtual Cloud Technologies Inc. [NASDAQ:AVCT] by around 150 shares. Additionally, 1 investors decreased positions by around 20,080,928 shares, while 1 investors held positions by with 20,069,805 shares. The mentioned changes placed institutional holdings at 11,273 shares, according to the latest SEC report filing. AVCT stock had 1 new institutional investments in for a total of 100 shares, while 1 institutional investors sold positions of 20,080,928 shares during the same period.