In the past week, ALCC stock has gone up by 3.28%, with a monthly gain of 15.78% and a quarterly surge of 20.09%. The volatility ratio for the week is 4.12%, and the volatility levels for the last 30 days are 6.73% for AltC Acquisition Corp The simple moving average for the last 20 days is -0.58% for ALCC stock, with a simple moving average of 20.25% for the last 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 64.58x, which is above its average ratio. Moreover, the 36-month beta value for ALCC is -0.03.
The public float for ALCC is 29.15M and currently, short sellers hold a 0.41% of that float. On April 26, 2024, ALCC’s average trading volume was 597.70K shares.
ALCC) stock’s latest price update
AltC Acquisition Corp (NYSE: ALCC) has seen a decline in its stock price by -0.69 in relation to its previous close of 13.00. However, the company has experienced a 3.28% gain 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 10.91% 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 -26.19% of loss for the given period.
Volatility was left at 6.73%, however, over the last 30 days, the volatility rate increased by 4.12%, as shares surge +12.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.35% upper at present.
During the last 5 trading sessions, ALCC rose by +3.20%, which changed the moving average for the period of 200-days by +24.28% in comparison to the 20-day moving average, which settled at $13.06. In addition, AltC Acquisition Corp saw 22.25% 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’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.
