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Atlis Motor Vehicles Inc. (AMV) Shares Down Despite Recent Market Volatility

Atlis Motor Vehicles Inc. (NASDAQ: AMV)’s stock price has decreased by -2.46 compared to its previous closing price of 0.76. Despite this, the company has seen a loss of -13.72% in its stock price over the last five trading days. Barron’s reported on 09/28/22 that Atlis Motor Stock Falls Sharply After Surging More Than 700% Over 2 Days

Is It Worth Investing in Atlis Motor Vehicles Inc. (NASDAQ: AMV) Right Now?

The average price predicted by analysts for AMV is $3.50, which is $2.76 above the current price. The public float for AMV is 13.35M and currently, short sellers hold a 13.15% ratio of that float. The average trading volume of AMV on March 16, 2023 was 3.30M shares.

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AMV’s Market Performance

AMV stock saw a decrease of -13.72% in the past week, with a monthly decline of -59.12% and a quarterly a decrease of -90.57%. The volatility ratio for the week is 10.31%, and the volatility levels for the last 30 days are 15.65% for Atlis Motor Vehicles Inc. (AMV). The simple moving average for the last 20 days is -24.74% for AMV stock, with a simple moving average of -91.75% for the last 200 days.

AMV Trading at -71.67% from the 50-Day Moving Average

After a stumble in the market that brought AMV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.70% of loss for the given period.

Volatility was left at 15.65%, however, over the last 30 days, the volatility rate increased by 10.31%, as shares sank -52.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -77.23% lower at present.

During the last 5 trading sessions, AMV fell by -13.72%, in comparison to the 20-day moving average, which settled at $0.9427. In addition, Atlis Motor Vehicles Inc. saw -77.23% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for AMV

The liquidity ratio also appears to be rather interesting for investors as it stands at 4.85.

Conclusion

In conclusion, Atlis Motor Vehicles Inc. (AMV) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.