Goldman lifts Advent Technologies Holdings Inc [ADN] price estimate. Who else is bullish?

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Advent Technologies Holdings Inc [NASDAQ: ADN] surged by $1.45 during the normal trading session on while it closed the day at $3.35.

Advent Technologies Holdings Inc stock has also gained 82.07% of its value over the past 7 days. However, ADN stock has declined by -16.25% in the 3 months of the year. Over the past six months meanwhile, it has gained 8.10% and lost -49.88% year-on date.

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The market cap for ADN stock reached $7.10 million, with 2.58 million shares outstanding and 2.19 million shares in the current float. Compared to the average trading volume of 47.26K shares, ADN reached a trading volume of 66471709 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 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 $13.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ADN stock is a recommendation set at 3.00. 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.

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 0.43, with the Price to Sales ratio for ADN stock in the period of the last 12 months amounting to 1.01.

ADN stock trade performance evaluation

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 82.07. With this latest performance, ADN shares gained by 81.08% in over the last four-week period, additionally plugging by 8.10% over the last 6 months – not to mention a drop of -75.81% 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 70.29, with the RSI for the last a single of trading hit 76.04, and the three-weeks RSI is set at 64.55 for Advent Technologies Holdings Inc [ADN]. The present Moving Average for the last 50 days of trading for this stock 2.1900, while it was recorded at 2.2300 for the last single week of trading, and 3.8200 for the last 200 days.

Advent Technologies Holdings Inc [ADN]: An insightful look at the core fundamentals

Advent Technologies Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.31 and a Current Ratio set at 0.44.

Advent Technologies Holdings Inc [ADN]: Institutional Ownership

There are presently around $3.50%, or 4.20%% of ADN stock, in the hands of institutional investors.

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