AtlasClear Holdings Inc (AMEX: ATCH)’s stock price has gone rise by 10.54 in comparison to its previous close of 0.18, however, the company has experienced a 11.05% increase in its stock price over the last five trading days. businesswire.com reported 2024-10-01 that TAMPA, Fla.–(BUSINESS WIRE)–AtlasClear Holdings, Inc. (“AtlasClear Holdings”) (NYSEAM: ATCH) announced that it has filed with the SEC a notification of late filing for its transition report for the transition period ended June 30, 2024, which will be the first periodic report since the change of its fiscal year end to June 30, and will include financials as of the end of that period. “We are eager to file our transition report and disclose our end of year numbers to the public. We expect that.
Is It Worth Investing in AtlasClear Holdings Inc (AMEX: ATCH) Right Now?
Company’s 36-month beta value is -0.47.
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The public float for ATCH is 3.14M, and currently, short sellers hold a 20.81% ratio of that floaft. The average trading volume of ATCH on October 22, 2024 was 3.02M shares.
ATCH’s Market Performance
The stock of AtlasClear Holdings Inc (ATCH) has seen a 11.05% increase in the past week, with a -7.58% drop in the past month, and a -65.05% fall in the past quarter. The volatility ratio for the week is 9.26%, and the volatility levels for the past 30 days are at 14.82% for ATCH. The simple moving average for the past 20 days is -7.40% for ATCH’s stock, with a -89.30% simple moving average for the past 200 days.
ATCH Trading at -9.07% 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 -98.37% of loss for the given period.
Volatility was left at 14.82%, however, over the last 30 days, the volatility rate increased by 9.26%, as shares sank -2.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.91% lower at present.
During the last 5 trading sessions, ATCH rose by +11.05%, in comparison to the 20-day moving average, which settled at $0.2095. In addition, AtlasClear Holdings Inc saw -96.87% 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 -2165.63, with -206.89 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 0.65. 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 0.58.
Conclusion
In a nutshell, AtlasClear Holdings Inc (ATCH) 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.
