AtlasClear Holdings Inc [AMEX: ATCH] stock went on a downward path that fall over -11.19% on Wednesday, amounting to a one-week price decrease of less than -22.16%.
Over the last 12 months, ATCH stock dropped by -99.69%. The one-year AtlasClear Holdings Inc stock forecast points to a potential upside of 99.98. The average equity rating for ATCH stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $3.14 million, with 15.60 million shares outstanding and 12.93 million shares in the current float. Compared to the average trading volume of 4.64M shares, ATCH stock reached a trading volume of 2285382 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on AtlasClear Holdings Inc [ATCH]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ATCH shares is $900.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ATCH stock is a recommendation set at 1.00. 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 AtlasClear Holdings Inc is set at 0.08, with the Price to Sales ratio for ATCH stock in the period of the last 12 months amounting to 0.79.
ATCH Stock Performance Analysis:
AtlasClear Holdings Inc [ATCH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -22.16. With this latest performance, ATCH shares dropped by -57.33% in over the last four-week period, additionally sinking by -98.13% over the last 6 months – not to mention a drop of -99.69% 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 ATCH stock in for the last two-week period is set at 25.87, with the RSI for the last a single of trading hit 22.09, and the three-weeks RSI is set at 29.71 for AtlasClear Holdings Inc [ATCH]. The present Moving Average for the last 50 days of trading for this stock 0.5794, while it was recorded at 0.2363 for the last single week of trading, and 7.6981 for the last 200 days.
Insight into AtlasClear Holdings Inc Fundamentals:
AtlasClear Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.58 and a Current Ratio set at 0.58.
