Advent Technologies Holdings Inc. [ADN] Stock trading around $3.99 per share: What’s Next?


Advent Technologies Holdings Inc. [NASDAQ: ADN] traded at a high on 06/16/22, posting a 243.97 gain after which it closed the day’ session at $3.99. The company report on June 16, 2022 that Advent Technologies Receives Notification of Euro 782.1 Million Funding from the Greek State for IPCEI Green HiPo Project.

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Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent”), an innovation-driven leader in the fuel cell and hydrogen technology space, is pleased to announce that it has received notification from the Greek State for funding under the Important Projects of Common European Interest (“IPCEI”) Hydrogen – Technology, Green HiPo. The notification from the Greek State has been sent to the European Union (“EU”) under the IPCEI framework. Upon EU ratification, total funding of euro 782.1 million for Advent’s Green HiPo project will be made available over a period of six years, as submitted in accordance with the following schedule:.

The results of the trading session contributed to over 214354022 shares changing hands. Over the past one week, the price volatility of Advent Technologies Holdings Inc. stands at 17.73% while the volatility over the past one month is 12.41%.

The market cap for ADN stock reached $214.70 million, with 53.81 million shares outstanding and 25.29 million shares in the current float. Compared to the average trading volume of 4.06M shares, ADN reached a trading volume of 214354022 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Advent Technologies Holdings Inc. [ADN]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ADN shares is $12.95 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ADN stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Advent Technologies Holdings Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 18, 2021. While these analysts kept the previous recommendation, Jefferies raised their target price to Buy. The new note on the price target was released on March 19, 2021, representing the official price target for Advent Technologies Holdings Inc. stock.

The Average True Range (ATR) for Advent Technologies Holdings Inc. is set at 0.38, with the Price to Sales ratio for ADN stock in the period of the last 12 months amounting to 31.57. The Price to Book ratio for the last quarter was 1.59, with the Price to Cash per share for the same quarter was set at 1.10.

How has ADN stock performed recently?

Advent Technologies Holdings Inc. [ADN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 175.17. With this latest performance, ADN shares gained by 131.98% in over the last four-week period, additionally sinking by -51.22% over the last 6 months – not to mention a drop of -57.28% 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 ADN stock in for the last two-week period is set at 81.79, with the RSI for the last a single of trading hit 87.71, and the three-weeks RSI is set at 75.25 for Advent Technologies Holdings Inc. [ADN]. The present Moving Average for the last 50 days of trading for this stock 1.8900, while it was recorded at 1.8000 for the last single week of trading, and 5.2100 for the last 200 days.

Advent Technologies Holdings Inc. [ADN]: Deeper insight into the fundamentals

Advent Technologies Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.10 and a Current Ratio set at 5.70.

Insider trade positions for Advent Technologies Holdings Inc. [ADN]

There are presently around $63 million, or 31.90% of ADN stock, in the hands of institutional investors. The top three institutional holders of ADN stocks are: BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. with ownership of 4,144,771, which is approximately 8.667% of the company’s market cap and around 50.67% of the total institutional ownership; BLACKROCK INC., holding 1,752,786 shares of the stock with an approximate value of $6.99 million in ADN stocks shares; and LEGAL & GENERAL GROUP PLC, currently with $5.99 million in ADN stock with ownership of nearly 16.518% of the company’s market capitalization.

Positions in Advent Technologies Holdings Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 55 institutional holders increased their position in Advent Technologies Holdings Inc. [NASDAQ:ADN] by around 4,289,608 shares. Additionally, 21 investors decreased positions by around 4,545,972 shares, while 5 investors held positions by with 7,000,824 shares. The mentioned changes placed institutional holdings at 15,836,404 shares, according to the latest SEC report filing. ADN stock had 28 new institutional investments in for a total of 1,641,535 shares, while 9 institutional investors sold positions of 4,057,430 shares during the same period.