AltC Acquisition Corp. (NYSE: ALCC) has a price-to-earnings ratio of 173.52x that is above its average ratio. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ALCC is 48.55M and currently, short sellers hold a 0.04% ratio of that float. The average trading volume of ALCC on May 25, 2023 was 300.14K shares.
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ALCC) stock’s latest price update
AltC Acquisition Corp. (NYSE: ALCC)’s stock price has increased by 0.61 compared to its previous closing price of 10.59. However, the company has seen a 1.14% increase in its stock price over the last five trading sessions.
ALCC’s Market Performance
AltC Acquisition Corp. (ALCC) has experienced a 1.14% rise in stock performance for the past week, with a 3.60% rise in the past month, and a 5.45% rise in the past quarter. The volatility ratio for the week is 0.78%, and the volatility levels for the past 30 days are at 0.64% for ALCC. The simple moving average for the past 20 days is 2.33% for ALCC’s stock, with a 6.81% simple moving average for the past 200 days.
ALCC Trading at 3.84% from the 50-Day Moving Average
After a stumble in the market that brought ALCC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with 0.00% of loss for the given period.
Volatility was left at 0.64%, however, over the last 30 days, the volatility rate increased by 0.78%, as shares surge +3.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.40% upper at present.
During the last 5 trading sessions, ALCC rose by +1.09%, which changed the moving average for the period of 200-days by +9.74% in comparison to the 20-day moving average, which settled at $10.43. In addition, AltC Acquisition Corp. saw 7.36% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ALCC
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.70.
Conclusion
In conclusion, AltC Acquisition Corp. (ALCC) has seen better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
