Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Alternus Clean Energy Inc’s current trading price is -95.95% away from its 52-week high, while its distance from the 52-week low is 58.62%. The stock’s price range over this period has fluctuated between $0.29 and $11.36. The company, operating within the financial sector, had a trading volume of approximately 0.58 million for the day, which was noticeably lower than the average daily share volume of 0.64 million over the last 3 months.
Alternus Clean Energy Inc experienced a rather shaky stock market performance. The highest value in the past year was recorded at $11.36 on 04/17/23 and the lowest value was $0.29 on 02/22/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Alternus Clean Energy Inc (ALCE) has experienced a quarterly decline of -66.91% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 36.65M.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 3.0865, with a change in price of -10.1700. Similarly, Alternus Clean Energy Inc recorded 491,661 in trading volume during the last 100 days, posting a change of -95.67%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for ALCE stands at 0.02. Similarly, the long-term debt-to-equity ratio is also 0.00.
ALCE Stock Stochastic Average
Today, Alternus Clean Energy Inc’s raw stochastic average for the past 50 days stands at 21.79%, indicating a rise from the raw stochastic average of the last 20 days, which was 19.84%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 15.41% and 14.63% respectively.
ALCE Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -69.33%. However, over the past six months, we’ve seen a stronger performance of -95.63%. The price of ALCE fallen by 10.84% over the last 30 days. And in the last five days, it has surged by 12.33%.
