The stock price of AtlasClear Holdings Inc (AMEX: ATCH) has jumped by 15.58 compared to previous close of 0.18. Despite this, the company has seen a gain of 28.77% in its stock price over the last five trading days. businesswire.com reported 2024-07-12 that TAMPA, Fla.–(BUSINESS WIRE)–AtlasClear Holdings, Inc. (“AtlasClear Holdings”) (NYSE American: ATCH) today announced the launch, in collaboration with Pacsquare Technologies LLC (“Pacsquare”), of a next-generation online account application that it expects will streamline the onboarding process for its clients in the U.S. “We are thrilled to announce the launch of our automated online account application, designed to simplify and enhance the onboarding process for clients eager to trade in the.
Is It Worth Investing in AtlasClear Holdings Inc (AMEX: ATCH) Right Now?
ATCH has 36-month beta value of -0.46.
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The public float for ATCH is 4.36M, and currently, short sellers hold a 6.23% ratio of that float. The average trading volume of ATCH on September 23, 2024 was 353.15K shares.
ATCH’s Market Performance
ATCH’s stock has seen a 28.77% increase for the week, with a -5.62% drop in the past month and a -80.74% fall in the past quarter. The volatility ratio for the week is 16.57%, and the volatility levels for the past 30 days are at 14.61% for AtlasClear Holdings Inc The simple moving average for the past 20 days is 6.67% for ATCH’s stock, with a -92.09% simple moving average for the past 200 days.
ATCH Trading at -35.00% from the 50-Day Moving Average
After a stumble in the market that brought ATCH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -98.24% of loss for the given period.
Volatility was left at 14.61%, however, over the last 30 days, the volatility rate increased by 16.57%, as shares sank -2.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -73.09% lower at present.
During the last 5 trading sessions, ATCH rose by +28.77%, in comparison to the 20-day moving average, which settled at $0.1965. In addition, AtlasClear Holdings Inc saw -96.61% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ATCH
Current profitability levels for the company are sitting at:
- -12.3 for the present operating margin
- -0.53 for the gross margin
The net margin for AtlasClear Holdings Inc stands at -69.23. The total capital return value is set at -0.53. Equity return is now at value -395.09, with -131.31 for asset returns.
Based on AtlasClear Holdings Inc (ATCH), the company’s capital structure generated 1.21 points at debt to capital in total, while cash flow to debt ratio is standing at -0.61. The debt to equity ratio resting at -5.83. The interest coverage ratio of the stock is -29.97.
Currently, EBITDA for the company is -2.74 million with net debt to EBITDA at 0.31. When we switch over and look at the enterprise to sales, we see a ratio of -0.85. The receivables turnover for the company is 0.3for trailing twelve months and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.69.
Conclusion
To put it simply, AtlasClear Holdings Inc (ATCH) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
