American Virtual Cloud Technologies Inc. [NASDAQ: AVCT] closed the trading session at $1.15 on 12/07/21. The day’s price range saw the stock hit a low of $0.8663, while the highest price level was $1.205. The company report on December 2, 2021 that ConnX Expands Long-Standing Partnership with Kandy, Rolling Out Work from Everywhere Solutions for Large, Distributed Retailers.
Companies Demonstrate Cloud Communications Solution Enhancing Customer Experience and Simplifying Communications for IT Teams and Employees In Store and Online.
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American Virtual Cloud Technologies, Inc.’s (AVCtechnologies) (Nasdaq: AVCT) Kandy Communications business unit (Kandy), a global leader in secure and intelligent cloud communications announced an advance in their long-standing relationship with ConnX, Inc., a leader in digital communications transformation powered by AI and automation.
The stocks have a year to date performance of -84.03 percent and weekly performance of -28.57 percent. The stock has been moved at -81.30 percent over the last six months. The stock has performed -38.17 percent around the most recent 30 days and changed -67.14 percent over the most recent 3-months.
If compared to the average trading volume of 252.73K shares, AVCT reached to a volume of 8800810 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about American Virtual Cloud Technologies Inc. [AVCT]:
Loop Capital have made an estimate for American Virtual Cloud Technologies Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 14, 2021.
The Average True Range (ATR) for American Virtual Cloud Technologies Inc. is set at 0.19, with the Price to Sales ratio for AVCT stock in the period of the last 12 months amounting to 0.97. The Price to Book ratio for the last quarter was 0.60, with the Price to Cash per share for the same quarter was set at 0.04.
AVCT stock trade performance evaluation
American Virtual Cloud Technologies Inc. [AVCT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -28.57. With this latest performance, AVCT shares dropped by -38.17% in over the last four-week period, additionally sinking by -81.30% over the last 6 months – not to mention a drop of -79.72% 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 32.07, with the RSI for the last a single of trading hit 34.29, and the three-weeks RSI is set at 30.99 for American Virtual Cloud Technologies Inc. [AVCT]. The present Moving Average for the last 50 days of trading for this stock 2.0907, while it was recorded at 1.1800 for the last single week of trading, and 4.7143 for the last 200 days.
American Virtual Cloud Technologies Inc. [AVCT]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and American Virtual Cloud Technologies Inc. [AVCT] shares currently have an operating margin of -15.75 and a Gross Margin at +31.80. American Virtual Cloud Technologies Inc.’s Net Margin is presently recorded at -26.87.
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 113.76. Additionally, AVCT Total Debt to Total Capital is recorded at 53.22, with Total Debt to Total Assets ending up at 39.01. Long-Term Debt to Equity for the company is recorded at 81.20, with the Long-Term Debt to Total Capital now at 37.99.
Reflecting on the efficiency of the workforce at the company, American Virtual Cloud Technologies Inc. [AVCT] managed to generate an average of -$74,494 per employee.American Virtual Cloud Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.60.
American Virtual Cloud Technologies Inc. [AVCT]: Insider Ownership positions
There are presently around $1 million, or 17.90% of AVCT stock, in the hands of institutional investors. The top three institutional holders of AVCT stocks are: VERITION FUND MANAGEMENT LLC with ownership of 457,979, which is approximately New of the company’s market cap and around 37.50% of the total institutional ownership; BOARDMAN BAY CAPITAL MANAGEMENT LLC, holding 202,517 shares of the stock with an approximate value of $0.23 million in AVCT stocks shares; and VANGUARD GROUP INC, currently with $0.15 million in AVCT stock with ownership of nearly 1.778% of the company’s market capitalization.
8 institutional holders increased their position in American Virtual Cloud Technologies Inc. [NASDAQ:AVCT] by around 768,003 shares. Additionally, 10 investors decreased positions by around 99,203 shares, while 4 investors held positions by with 239,690 shares. The mentioned changes placed institutional holdings at 1,106,896 shares, according to the latest SEC report filing. AVCT stock had 5 new institutional investments in for a total of 758,954 shares, while 8 institutional investors sold positions of 98,351 shares during the same period.