American Virtual Cloud Technologies Inc. [AVCT] is -88.84% lower this YTD. Is it still time to buy?



American Virtual Cloud Technologies Inc. [NASDAQ: AVCT] gained 10.38% on the last trading session, reaching $0.27 price per share at the time. The company report on May 3, 2022 that AVCT Names New Chief Product Officer and Chief Revenue Officer To Focus On Cloud Collaboration Through The Kandy Platform.

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American Virtual Cloud Technologies, Inc. (Nasdaq: AVCT) today announced several changes to its management team, including the addition of two new senior executives: Chief Product Officer Jay Patel and Chief Revenue Officer Chris Koeneman who will both report directly to AVCT’s Chief Executive Officer Darrell J. Mays. Kevin Keough transitioned from the role of President into the role of Chief Transformation Officer and is also reporting to Mr. Mays.

“Jay and Chris bring a wealth of relevant industry experience and expertise to our cloud-based, real-time communications platform Kandy that will be instrumental in helping drive a new strategy going forward,” said Mr. Mays. “In recent months, Kandy has developed and aligned around a refined cloud communications strategy; Kevin’s role will be to work with the team to drive the comprehensive transformation to this new strategy,” said Mays.

American Virtual Cloud Technologies Inc. represents 88.94 million in outstanding shares, while the company has a total market value of $25.38 million with the latest information. AVCT stock price has been found in the range of $0.25 to $0.30.

If compared to the average trading volume of 1.97M shares, AVCT reached a trading volume of 4013020 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 0.03, with the Price to Sales ratio for AVCT stock in the period of the last 12 months amounting to 1.23.

Trading performance analysis for AVCT stock

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 -5.54. With this latest performance, AVCT shares dropped by -31.33% in over the last four-week period, additionally sinking by -89.41% over the last 6 months – not to mention a drop of -95.57% 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 33.41, with the RSI for the last a single of trading hit 35.33, and the three-weeks RSI is set at 33.82 for American Virtual Cloud Technologies Inc. [AVCT]. The present Moving Average for the last 50 days of trading for this stock 0.4087, while it was recorded at 0.2570 for the last single week of trading, and 1.3147 for the last 200 days.

American Virtual Cloud Technologies Inc. [AVCT]: A deeper dive into fundamental analysis

American Virtual Cloud Technologies Inc.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.70.

An analysis of insider ownership at American Virtual Cloud Technologies Inc. [AVCT]

There are presently around $2 million, or 28.90% of AVCT stock, in the hands of institutional investors. The top three institutional holders of AVCT stocks are: CRESSET ASSET MANAGEMENT, LLC with ownership of 2,001,054, which is approximately 14.277% of the company’s market cap and around 1.40% of the total institutional ownership; VANGUARD GROUP INC, holding 1,560,299 shares of the stock with an approximate value of $0.38 million in AVCT stocks shares; and BLACKROCK INC., currently with $0.19 million in AVCT stock with ownership of nearly 48.129% of the company’s market capitalization.

25 institutional holders increased their position in American Virtual Cloud Technologies Inc. [NASDAQ:AVCT] by around 2,475,704 shares. Additionally, 11 investors decreased positions by around 2,172,643 shares, while 2 investors held positions by with 3,057,265 shares. The mentioned changes placed institutional holdings at 7,705,612 shares, according to the latest SEC report filing. AVCT stock had 12 new institutional investments in for a total of 1,214,132 shares, while 8 institutional investors sold positions of 2,122,167 shares during the same period.