Atlis Motor Vehicles Inc. [AMV] is -77.23% lower this YTD. Is it still time to buy?

Atlis Motor Vehicles Inc. [NASDAQ: AMV] plunged by -$0.02 during the normal trading session on Wednesday and reaching a high of $0.827 during the day while it closed the day at $0.74. The company report on March 15, 2023 that Atlis Motor Vehicles Releases Battery Cell Data Showing Capability on Track to Enable 0 – 100% Charge in 15-mins or Less.

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AMV | Battery Cycle Life.

The market cap for AMV stock reached $10.57 million, with 14.15 million shares outstanding and 13.35 million shares in the current float. Compared to the average trading volume of 3.30M shares, AMV reached a trading volume of 5023720 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 Atlis Motor Vehicles Inc. [AMV]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMV shares is $3.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AMV 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 Atlis Motor Vehicles Inc. is set at 0.27 The Price to Book ratio for the last quarter was 10.57, with the Price to Cash per share for the same quarter was set at 0.10.

AMV stock trade performance evaluation

Atlis Motor Vehicles Inc. [AMV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.72.

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 AMV stock in for the last two-week period is set at 28.99, with the RSI for the last a single of trading hit 24.27, and the three-weeks RSI is set at 29.85 for Atlis Motor Vehicles Inc. [AMV]. The present Moving Average for the last 50 days of trading for this stock 2.5621, while it was recorded at 0.7876 for the last single week of trading.

Atlis Motor Vehicles Inc. [AMV]: An insightful look at the core fundamentals

Return on Equity for this stock declined to -12,054.92, with Return on Assets sitting at -5,505.64.

Atlis Motor Vehicles Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.50.

Atlis Motor Vehicles Inc. [AMV]: Insider Ownership positions

There are presently around $0 million, or 1.06% of AMV stock, in the hands of institutional investors. The top three institutional holders of AMV stocks are: BUCKINGHAM STRATEGIC WEALTH, LLC with ownership of 34,523, which is approximately New of the company’s market cap and around 0.20% of the total institutional ownership; CITADEL ADVISORS LLC, holding 18,681 shares of the stock with an approximate value of $14000.0 in AMV stocks shares; and CHARLES SCHWAB INVESTMENT MANAGEMENT INC, currently with $12000.0 in AMV stock with ownership of nearly New of the company’s market capitalization.

Positions in Atlis Motor Vehicles Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 11 institutional holders increased their position in Atlis Motor Vehicles Inc. [NASDAQ:AMV] by around 95,019 shares. Additionally, 0 investors decreased positions by around 0 shares, while 1 investors held positions by with 150 shares. The mentioned changes placed institutional holdings at 95,169 shares, according to the latest SEC report filing. AMV stock had 11 new institutional investments in for a total of 95,019 shares, while 0 institutional investors sold positions of 0 shares during the same period.


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