Alpine 4 Holdings Inc (NASDAQ: ALPP) has seen a decline in its stock price by -42.07 in relation to its previous close of 0.34. However, the company has experienced a -44.57% decline in its stock price over the last five trading sessions. accesswire.com reported 2024-08-21 that PHOENIX, AZ / ACCESSWIRE / August 21, 2024 / Alpine 4 Holdings, Inc. (NASDAQ:ALPP) (the “Company”), announced today that on August 16, 2024, the Company received an Additional Staff Determination letter (the “August 16 Letter”) from The Nasdaq Stock Market (“Nasdaq”) informing the Company that because the Company is delinquent in filing its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (the “Q2 Quarterly Report”), such delinquency would serve as an additional basis for delisting the Company’s securities from Nasdaq. The Staff Determination was issued because the Company did not file its Q2 Quarterly Report in a timely manner.
Is It Worth Investing in Alpine 4 Holdings Inc (NASDAQ: ALPP) Right Now?
Company’s 36-month beta value is 7.19.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ALPP is 24.24M, and currently, short sellers hold a 4.52% ratio of that floaft. The average trading volume of ALPP on October 18, 2024 was 154.25K shares.
ALPP’s Market Performance
ALPP’s stock has seen a -44.57% decrease for the week, with a -42.87% drop in the past month and a -59.35% fall in the past quarter. The volatility ratio for the week is 20.87%, and the volatility levels for the past 30 days are at 10.60% for Alpine 4 Holdings Inc The simple moving average for the past 20 days is -41.92% for ALPP’s stock, with a -65.58% simple moving average for the past 200 days.
Analysts’ Opinion of ALPP
Many brokerage firms have already submitted their reports for ALPP stocks, with Alliance Global Partners repeating the rating for ALPP by listing it as a “Buy.” The predicted price for ALPP in the upcoming period, according to Alliance Global Partners is $2.75 based on the research report published on August 23, 2022 of the previous year 2022.
ALPP Trading at -46.80% from the 50-Day Moving Average
After a stumble in the market that brought ALPP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -84.99% of loss for the given period.
Volatility was left at 10.60%, however, over the last 30 days, the volatility rate increased by 20.87%, as shares sank -44.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -45.24% lower at present.
During the last 5 trading sessions, ALPP fell by -44.57%, which changed the moving average for the period of 200-days by -67.70% in comparison to the 20-day moving average, which settled at $0.3359. In addition, Alpine 4 Holdings Inc saw -73.46% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ALPP
Current profitability levels for the company are sitting at:
- -0.2 for the present operating margin
- 0.21 for the gross margin
The net margin for Alpine 4 Holdings Inc stands at -0.85. The total capital return value is set at -0.2. Equity return is now at value -118.07, with -46.01 for asset returns.
Based on Alpine 4 Holdings Inc (ALPP), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 1.18. The interest coverage ratio of the stock is -4.66.
Currently, EBITDA for the company is -10.25 million with net debt to EBITDA at -6.5. When we switch over and look at the enterprise to sales, we see a ratio of 1.03. The receivables turnover for the company is 3.03for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.86.
Conclusion
In a nutshell, Alpine 4 Holdings Inc (ALPP) has experienced a bad performance in recent times. The stock has received mixed “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.
