The price-to-earnings ratio for Alternus Clean Energy Inc (NASDAQ: ALCE) is above average at 2.82x. The 36-month beta value for ALCE is also noteworthy at -0.95.
The public float for ALCE is 5.62M, and at present, short sellers hold a 4.87% of that float. The average trading volume of ALCE on April 11, 2024 was 599.70K shares.
ALCE) stock’s latest price update
Alternus Clean Energy Inc (NASDAQ: ALCE)’s stock price has dropped by -8.33 in relation to previous closing price of 0.44. Nevertheless, the company has seen a loss of -5.45% in its stock price over the last five trading days. GlobeNewsWire reported 2024-03-07 that FORT MILL, S.C., March 07, 2024 (GLOBE NEWSWIRE) — Alternus Clean Energy (NASDAQ: ALCE) (“Alternus” or the “Company”), a leading utility-scale transatlantic, clean energy independent power producer (IPP) today announced its participation in various industry events and investor conferences over the next several months.
ALCE’s Market Performance
ALCE’s stock has fallen by -5.45% in the past week, with a monthly drop of -7.51% and a quarterly drop of -69.66%. The volatility ratio for the week is 9.84% while the volatility levels for the last 30 days are 17.29% for Alternus Clean Energy Inc The simple moving average for the past 20 days is -12.03% for ALCE’s stock, with a -93.95% simple moving average for the past 200 days.
ALCE Trading at -30.07% from the 50-Day Moving Average
After a stumble in the market that brought ALCE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -96.47% of loss for the given period.
Volatility was left at 17.29%, however, over the last 30 days, the volatility rate increased by 9.84%, as shares sank -16.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -60.74% lower at present.
During the last 5 trading sessions, ALCE fell by -5.45%, which changed the moving average for the period of 200-days by -96.10% in comparison to the 20-day moving average, which settled at $0.4512. In addition, Alternus Clean Energy Inc saw -73.30% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ALCE
Equity return is now at value 2.72, with 2.59 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 17.49.
Conclusion
In summary, Alternus Clean Energy Inc (ALCE) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
