Ault Alliance Inc. [AULT] moved down -4.25: Why It’s Important

Ault Alliance Inc. [AMEX: AULT] price plunged by -4.25 percent to reach at $0.0. The company report on March 3, 2023 that BITNILE.COM Early Access Metaverse Platform Goes Live in Over 176 Countries.

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Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance” or the “Company”) announced the launch of its immersive metaverse platform, BITNILE.COM (the “Platform”) in over 176 countries. The Platform, which was launched on March 1, 2023, is believed to be the first metaverse platform that runs entirely from a web browser with no pixel streaming. The announcement was made as the Company attended the Mobile World Congress 2023 in Barcelona, Spain.

This press release features multimedia. View the full release here:

A sum of 5338588 shares traded at recent session while its average daily volume was at 6.17M shares. Ault Alliance Inc. shares reached a high of $0.12 and dropped to a low of $0.12 until finishing in the latest session at $0.12.

The one-year AULT stock forecast points to a potential upside of 96.8. The average equity rating for AULT stock is currently 2.00, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Ault Alliance Inc. [AULT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AULT shares is $3.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AULT stock is a recommendation set at 2.00. 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.

The Average True Range (ATR) for Ault Alliance Inc. is set at 0.01, with the Price to Sales ratio for AULT stock in the period of the last 12 months amounting to 0.36. The Price to Book ratio for the last quarter was 0.11, with the Price to Cash per share for the same quarter was set at 0.07.

AULT Stock Performance Analysis:

Ault Alliance Inc. [AULT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.91. With this latest performance, AULT shares dropped by -15.85% in over the last four-week period, additionally sinking by -58.28% over the last 6 months – not to mention a drop of -86.10% 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 AULT stock in for the last two-week period is set at 47.06, with the RSI for the last a single of trading hit 47.19, and the three-weeks RSI is set at 47.14 for Ault Alliance Inc. [AULT]. The present Moving Average for the last 50 days of trading for this stock 0.1264, while it was recorded at 0.1195 for the last single week of trading, and 0.2143 for the last 200 days.

Insight into Ault Alliance Inc. Fundamentals:

Ault Alliance Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.30.

Ault Alliance Inc. [AULT] Insider Position Details

There are presently around $3 million, or 7.60% of AULT stock, in the hands of institutional investors. The top three institutional holders of AULT stocks are: VANGUARD GROUP INC with ownership of 13,386,481, which is approximately -1.204% of the company’s market cap and around 0.50% of the total institutional ownership; GEODE CAPITAL MANAGEMENT, LLC, holding 2,377,884 shares of the stock with an approximate value of $0.28 million in AULT stocks shares; and BLACKROCK INC., currently with $0.2 million in AULT stock with ownership of nearly 0% of the company’s market capitalization.

21 institutional holders increased their position in Ault Alliance Inc. [AMEX:AULT] by around 1,975,227 shares. Additionally, 21 investors decreased positions by around 4,010,004 shares, while 18 investors held positions by with 18,613,149 shares. The mentioned changes placed institutional holdings at 24,598,380 shares, according to the latest SEC report filing. AULT stock had 8 new institutional investments in for a total of 276,067 shares, while 9 institutional investors sold positions of 930,940 shares during the same period.


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