An In-Depth Look at AltC Acquisition Corp’s (ALCC) Stock Performance

The stock of AltC Acquisition Corp (ALCC) has seen a 13.57% increase in the past week, with a 17.84% gain in the past month, and a 18.40% flourish in the past quarter. The volatility ratio for the week is 3.63%, and the volatility levels for the past 30 days are at 1.76% for ALCC. The simple moving average for the past 20 days is 13.99% for ALCC’s stock, with a 19.38% simple moving average for the past 200 days.

Is It Worth Investing in AltC Acquisition Corp (NYSE: ALCC) Right Now?

The price-to-earnings ratio for AltC Acquisition Corp (NYSE: ALCC) is 62.78x, which is above its average ratio. Moreover, the 36-month beta value for ALCC is 0.02.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

The public float for ALCC is 28.75M and currently, short sellers hold a 0.04% of that float. On April 03, 2024, ALCC’s average trading volume was 221.44K shares.

ALCC) stock’s latest price update

AltC Acquisition Corp (NYSE: ALCC)’s stock price has plunge by -0.40relation to previous closing price of 12.60. Nevertheless, the company has seen a 13.57% surge in its stock price over the last five trading sessions. InvestorPlace reported 2023-07-12 that Advanced nuclear systems company Oklo is planning to merge with special purpose acquisition company (SPAC) AltC Acquisition (NYSE: ALCC ), according to a release on Tuesday. Perhaps the most interesting facet of this news, however, is the SPAC’s backer.

ALCC Trading at 15.76% 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 -1.10% of loss for the given period.

Volatility was left at 1.76%, however, over the last 30 days, the volatility rate increased by 3.63%, as shares surge +17.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.75% upper at present.

During the last 5 trading sessions, ALCC rose by +13.48%, which changed the moving average for the period of 200-days by +18.19% in comparison to the 20-day moving average, which settled at $11.10. In addition, AltC Acquisition Corp saw 18.84% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for ALCC

The total capital return value is set at -0.01. Equity return is now at value 3.02, with 2.91 for asset returns.

Currently, EBITDA for the company is -4.27 million with net debt to EBITDA at 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.59.

Conclusion

To wrap up, the performance of AltC Acquisition Corp (ALCC) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

Related Posts