The stock of Ault Alliance Inc. (AMEX:AULT) increased by $0.08 on Friday to finish at $2.27, up 3.65 percent. The last five days have seen an average of 364,280 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$34.48. The average number of shares traded over the last 20 days was 813,690, while the average volume over the last 50 days totaled 911,226.
AULT stock dropped -41.52% since last month. On 08/11/23, the company’s shares reached a one-month low of $2.18. The stock touched a high of $81.51 on 02/09/23, after rallying from a low of $2.18 in 52 weeks. The price of AULT stock has declined by -91.17% or -$34.48 this year, reaching a new high 6 times. Still, the stock price is down -97.22% from the 52-week high.
Insider Transactions
AULT stock investors should be aware that Ault Alliance Inc. (AULT) stock had its last reported insider trading activity 27 days ago on Jul 18. On Jul 18, Executive Chairman AULT MILTON C III acquired 91,711 shares at $4.26 each. This transaction resulted in the insider spending $390,680. On Jul 17, AULT MILTON C III added 55,289 shares at a price of US$4.16. After the transaction, the insider now owns 241,614 shares. Executive Chairman AULT MILTON C III had earlier bought 5,000 shares on Jul 13 for $15.67 a share. The transaction was completed for $78,371.
Valuation Metrics
Beta for the stock is 3.73. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.02, the price-to-book (PB) ratio of 0.02.
Financial Health
For the three months ended September 29, Ault Alliance Inc.’s quick ratio was 1.60, while its current ratio was 1.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending September 29 is 0.62, and the total debt to equity ratio is 0.80. As far as profitability goes, gross margin for the trailing twelve months is 26.90% percent. Based on annual data, it had gross profit of $55.97 million and revenue of $134.33 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AULT’s return on assets (ROA) during the last 12 months has been -31.70%. There was a -41.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -71.50%.
Earnings Surprise
According to Ault Alliance Inc.’s quarterly financial report for the quarter that ended September 29, it had $91.87 million in total debt versus $1.37 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $31.19 million, while revenues fell by -5.26% to $34.36 million. It was predicted that Ault Alliance Inc.’s quarterly earnings would be -$0.02, but it ended up being $0. EBITDA was -$13.98 million for the quarter. At the end of Ault Alliance Inc.’s most recent quarter ended September 29, its liabilities totaled 336.56 million, while its total debt was $141.87 million. Equity owned by shareholders amounts to $1.39 million.
Technical Picture
Here’s a quick look at Ault Alliance Inc.’s (AULT) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 25.83%, suggesting the stock is oversold, with a 63.87% historical volatility rate.
The stochastic %K and %D were 2.17% and 3.70% respectively, while the average true range (ATR) was 0.35. Based on the 14-day stochastic reading of 4.87%, the RSI (14) reading is 26.35%. On the 9-day MACD Oscillator, the stock is at -0.18, and the 14-day reading is at -0.44.
What is AULT’s price target for the next 12 months?
The current consensus forecast for the stock is between $419.50 and $419.50, with a median target price of $419.50. In analyzing these forecasts, the average price target given by analysts for Ault Alliance Inc. (AULT) is $419.50.
