The stock of Alpha Technology Group Limited (ATGL) has gone up by 33.44% for the week, with a 55.19% rise in the past month and a -64.97% drop in the past quarter. The volatility ratio for the week is 23.62%, and the volatility levels for the past 30 days are 25.87% for ATGL. The simple moving average for the past 20 days is 55.92% for ATGL’s stock, with a -52.68% simple moving average for the past 200 days.
Is It Worth Investing in Alpha Technology Group Limited (NASDAQ: ATGL) Right Now?
The public float for ATGL is 15.26M and currently, short sellers hold a 0.37% of that float. On May 08, 2024, ATGL’s average trading volume was 23.00K shares.
ATGL) stock’s latest price update
The stock of Alpha Technology Group Limited (NASDAQ: ATGL) has increased by 21.45 when compared to last closing price of 3.45.Despite this, the company has seen a gain of 33.44% in its stock price over the last five trading days. Seeking Alpha reported 2023-11-04 that Two IPOs are currently scheduled for the week ahead, although some small issuers may join the calendar late. As of 11/2/2023, the Renaissance IPO Index was up 23.5% year-to-date, while the S&P 500 was up 14.0%. Renaissance Capital’s IPO ETF tracks Renaissance IPO Index, and top ETF holdings include Palantir Technologies and Kenvue.
ATGL Trading at 24.57% from the 50-Day Moving Average
After a stumble in the market that brought ATGL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -86.73% of loss for the given period.
Volatility was left at 25.87%, however, over the last 30 days, the volatility rate increased by 23.62%, as shares surge +54.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.78% lower at present.
During the last 5 trading sessions, ATGL rose by +33.44%, in comparison to the 20-day moving average, which settled at $2.76. In addition, Alpha Technology Group Limited saw -67.01% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ATGL
Current profitability levels for the company are sitting at:
- -0.76 for the present operating margin
- 0.33 for the gross margin
The net margin for Alpha Technology Group Limited stands at -0.79. The total capital return value is set at -0.32.
Based on Alpha Technology Group Limited (ATGL), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at 2.48. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is -88.23.
Currently, EBITDA for the company is -5.73 million with net debt to EBITDA at 0.33. When we switch over and look at the enterprise to sales, we see a ratio of 57.34. The receivables turnover for the company is 9.33for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.70.
Conclusion
To wrap up, the performance of Alpha Technology Group Limited (ATGL) has been mixed 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.
