AltC Acquisition Corp [NYSE: ALCC] stock went on an upward path that rose over 20.17% on Thursday, amounting to a one-week price increase of more than 42.31%.
Over the last 12 months, ALCC stock rose by 76.14%.
The market cap for the stock reached $785.71 million, with 30.60 million shares outstanding and 29.15 million shares in the current float. Compared to the average trading volume of 888.72K shares, ALCC stock reached a trading volume of 5149774 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on AltC Acquisition Corp [ALCC]:
The Average True Range (ATR) for AltC Acquisition Corp is set at 1.42 The Price to Book ratio for the last quarter was 2.65, with the Price to Cash per share for the same quarter was set at 0.01.
ALCC Stock Performance Analysis:
AltC Acquisition Corp [ALCC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 42.31. With this latest performance, ALCC shares gained by 38.42% in over the last four-week period, additionally plugging by 76.99% over the last 6 months – not to mention a rise of 76.14% 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 ALCC stock in for the last two-week period is set at 72.88, with the RSI for the last a single of trading hit 76.61, and the three-weeks RSI is set at 70.77 for AltC Acquisition Corp [ALCC]. The present Moving Average for the last 50 days of trading for this stock 12.42, while it was recorded at 15.50 for the last single week of trading, and 10.94 for the last 200 days.
Insight into AltC Acquisition Corp Fundamentals:
AltC Acquisition Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.15 and a Current Ratio set at 0.15.
AltC Acquisition Corp [ALCC] Institutonal Ownership Details
The top three institutional holders of ALCC stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ALCC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ALCC stock with ownership which is approximately 5.8386%.
