What Can We Learn From American Virtual Cloud Technologies Inc. (AVCT)’s Valuation Ratios?

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BEPC Stock
BEPC Stock

American Virtual Cloud Technologies Inc. (NASDAQ:AVCT) finished Thursday with an addition of $0.09 to close at $0.31, an upside of 44.69 percent. An average of 135,231,578 shares of common stock have been traded in the last five days. There was a gain of $0.1268 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 143,178,625 shares traded, while the 50-day average volume stands at 62,672,746.

AVCT stock has increased by 121.76% in the last month. The company shares reached their 1-month lowest point of $0.1320 on 08/23/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $0.13 and a high of $3.13 in 52 weeks. It has reached a new high 1 time so far this year and lost -87.17% or -$2.1182 in price. In spite of this, the price is down -90.04% from the 52-week high.


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Insider Transactions

52 days have passed since American Virtual Cloud Technologies Inc. (AVCT) last reported insider trading activity. Tessler Michael, who is Director, most recently acquired $41,667 shares at $0.18 per share on Aug 02. In this transaction, the insider spent $7,563. Director, Tessler Michael, disposed of 41,667 shares at a price of $0.61 on May 02. The insider now owns more than $25,425 worth of shares.

Valuation Metrics

American Virtual Cloud Technologies Inc. (AVCT) stock’s beta is 0.92. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.03.

Financial Health

Its gross profit as reported stood at $3.87 million compared to revenue of $20.05 million.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$13.88 million in the quarter, while revenues of $75.85 million were shrunk -63.04%. The analyst consensus anticipated American Virtual Cloud Technologies Inc.’s latest quarter earnings to come in at -$0.51 per share, but it turned out to be -$0.16, a 68.60% surprise. For the quarter, EBITDA amounted to -$11.83 million. Shareholders own equity worth $140.34 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at American Virtual Cloud Technologies Inc. (AVCT) price momentum. RSI 9-day as of the close on 22 September was 65.31%, suggesting the stock is Neutral, with historical volatility in this time frame at 239.74%.

As of today, AVCT’s price is $0.2325 +68.54% or $0.1268 from its 5-day moving average. AVCT is currently trading +123.03% higher than its 20-day SMA and -48.03% lower than its 100-day SMA. However, the stock’s current price level is +9.40% above the SMA50 and -63.32% below the SMA200.

The stochastic %K and %D were 37.08% and 23.13%, respectively, and the average true range (ATR) was 0.0602. With the 14-day stochastic at 76.09% and the average true range at 0.0587, the RSI (14) stands at 59.93%. The stock has reached 0.0310 on the 9-day MACD Oscillator while the 14-day reading was at 0.0362.

Analyst Ratings

Loop Capital launched coverage on American Virtual Cloud Technologies Inc. (NASDAQ: AVCT) in its analyst report released on April 14, 2021. The firm assigned the stock a Buy rating. The consensus rating for American Virtual Cloud Technologies Inc. (AVCT) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AVCT, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is AVCT’s price target for the next 12 months?

Analysts predict a range of price targets between $7.00 and $7.00, with a median target of $7.00. Taking a look at these predictions, the average price target given by analysts for American Virtual Cloud Technologies Inc. (AVCT) stock is $7.00.

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