The market performance of AltC Acquisition Corp has been somewhat stable. Over the past year, the company’s stock achieved a high of $17.49 on 04/08/24, with the lowest value for the same timeframe being $10.24, recorded on 05/04/23.
52-week price history of ALCC Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. AltC Acquisition Corp’s current trading price is -15.21% away from its 52-week high, while its distance from the 52-week low is 44.82%. The stock’s price range during this period has fluctuated between $10.24 and $17.49. Shares of the company, which operates in the Financial sector, recorded a trading volume of around 2.13 million for the day, which was evidently higher than the average daily volume of 0.72 million over the last three months.
Financial Performance and Market Capitalization
AltC Acquisition Corp (ALCC) has experienced a quarterly rise of 39.51% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 639.17M and boasts a workforce of 2 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 11.34, with a change in price of +4.47. Similarly, AltC Acquisition Corp recorded 570,317 in trading volume during the last 100 days, posting a change of +43.15%.
ALCC Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for ALCC stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.
ALCC Stock Stochastic Average
AltC Acquisition Corp’s raw stochastic average for the past 50 days is currently at 61.56%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 49.24%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 30.73% and 29.69%, respectively.
ALCC 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. Year to date metric has recorded a gain of 40.44%.However, over the last six months, we can see a weaker performance of 43.84%. Over the last 30 days, the price of ALCC has fallen by 14.96%. And in the last five days, it has surged by 15.77%.
