The stock of Alpha Technology Group Ltd (ATGL) has gone down by -9.35% for the week, with a -52.99% drop in the past month and a -56.10% drop in the past quarter. The volatility ratio for the week is 17.80%, and the volatility levels for the past 30 days are 17.81% for ATGL. The simple moving average for the past 20 days is -31.67% for ATGL’s stock, with a -78.73% simple moving average for the past 200 days.
Is It Worth Investing in Alpha Technology Group Ltd (NASDAQ: ATGL) Right Now?
The public float for ATGL is 4.28M and currently, short sellers hold a 1.29% of that float. On September 19, 2024, ATGL’s average trading volume was 27.73K shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
ATGL) stock’s latest price update
Alpha Technology Group Ltd (NASDAQ: ATGL) has experienced a decline in its stock price by -7.35 compared to its previous closing price of 1.36. However, the company has seen a fall of -9.35% in its stock price over the last five trading days. prnewswire.com reported 2024-02-01 that HONG KONG, Feb. 1, 2024 /PRNewswire/ — Alpha Technology Group Limited (the “Company” or “Alpha”)(NASDAQ: ATGL), a holding company incorporated in the British Virgin Islands that currently provides cloud-based IT solution services through its operating subsidiaries, Techlution Service Limited and Neural Sense Limited (collectively, “Operating Subsidiaries”), today reported its financial results for the fiscal year ended September 30, 2023. Fiscal Year 2023 Financial Highlights: Revenues increased by HK$4.27 million (approximately US$0.55 million), or 96.55%, from HK$4.42 million for the year ended September 30, 2022 to HK$8.69 million (approximately US$1.11 million) for the year ended September 30, 2023.
ATGL Trading at -53.28% 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 -96.01% of loss for the given period.
Volatility was left at 17.81%, however, over the last 30 days, the volatility rate increased by 17.80%, as shares sank -48.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -55.00% lower at present.
During the last 5 trading sessions, ATGL fell by -9.35%, which changed the moving average for the period of 200-days by -92.10% in comparison to the 20-day moving average, which settled at $1.7840. In addition, Alpha Technology Group Ltd saw -90.08% 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:
- -0.78 for the present operating margin
- 0.24 for the gross margin
The net margin for Alpha Technology Group Ltd stands at -0.8. The total capital return value is set at -0.04.
Based on Alpha Technology Group Ltd (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 0.3. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is -90.55.
Currently, EBITDA for the company is -5.73 million with net debt to EBITDA at 2.48. When we switch over and look at the enterprise to sales, we see a ratio of 15.62. The receivables turnover for the company is 1.19for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.23.
Conclusion
To wrap up, the performance of Alpha Technology Group Ltd (ATGL) has been bad 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.
