The stock of AltC Acquisition Corp (ALCC) has gone up by 14.63% for the week, with a 26.27% rise in the past month and a 28.06% rise in the past quarter. The volatility ratio for the week is 8.88%, and the volatility levels for the past 30 days are 7.93% for ALCC. The simple moving average for the past 20 days is 10.46% for ALCC’s stock, with a 34.16% simple moving average for the past 200 days.
Is It Worth Investing in AltC Acquisition Corp (NYSE: ALCC) Right Now?
AltC Acquisition Corp (NYSE: ALCC) has a price-to-earnings ratio that is above its average at 72.14x. The stock has a 36-month beta value of -0.01.
The public float for ALCC is 29.15M, and at present, short sellers hold a 0.41% of that float. On April 30, 2024, the average trading volume of ALCC was 622.35K shares.
ALCC) stock’s latest price update
The stock price of AltC Acquisition Corp (NYSE: ALCC) has jumped by 12.57 compared to previous close of 12.81. Despite this, the company has seen a gain of 14.63% in its stock price over the last five trading days. 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 23.43% 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 -17.55% of loss for the given period.
Volatility was left at 7.93%, however, over the last 30 days, the volatility rate increased by 8.88%, as shares surge +18.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +35.27% upper at present.
During the last 5 trading sessions, ALCC rose by +14.63%, which changed the moving average for the period of 200-days by +39.19% in comparison to the 20-day moving average, which settled at $13.17. In addition, AltC Acquisition Corp saw 36.55% 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 sum up, AltC Acquisition Corp (ALCC) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
