Alpha Technology Group Ltd (ATGL) Shares Soar Above 1-Year High

Alpha Technology Group Ltd (NASDAQ: ATGL) has experienced a rise in its stock price by 28.63 compared to its previous closing price of 12.40. However, the company has seen a gain of 4.25% in its stock price over the last five trading days. newsfilecorp.com reported 2024-10-07 that Hong Kong, SAR–(Newsfile Corp. – October 7, 2024) – Alpha Technology Group Limited (NASDAQ: ATGL) is proud to announce that Anthony Tsang, Executive Director and President of the company, has been honored with the prestigious 18th World Outstanding Chinese Award on 8 September 2024. This award celebrates Tsang’s visionary leadership and transformative contributions to the fields of finance and artificial intelligence (AI), further cementing his reputation as a “Hong Kong AI Pioneer”.

Is It Worth Investing in Alpha Technology Group Ltd (NASDAQ: ATGL) Right Now?

The 36-month beta value for ATGL is also noteworthy at 10.87. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 1 rating it as “sell.”

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The public float for ATGL is 4.28M, and at present, short sellers hold a 2.19% of that float. The average trading volume of ATGL on December 27, 2024 was 599.66K shares.

ATGL’s Market Performance

The stock of Alpha Technology Group Ltd (ATGL) has seen a 4.25% increase in the past week, with a -7.94% drop in the past month, and a 333.42% gain in the past quarter. The volatility ratio for the week is 18.73%, and the volatility levels for the past 30 days are at 18.49% for ATGL. The simple moving average for the past 20 days is 14.69% for ATGL’s stock, with a 201.29% simple moving average for the past 200 days.

ATGL Trading at 39.05% 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 -19.44% of loss for the given period.

Volatility was left at 18.49%, however, over the last 30 days, the volatility rate increased by 18.73%, as shares surge +10.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +170.34% upper at present.

During the last 5 trading sessions, ATGL rose by +4.25%, which changed the moving average for the period of 200-days by +289.02% in comparison to the 20-day moving average, which settled at $13.91. In addition, Alpha Technology Group Ltd saw 25.59% in overturn over a single year, with a tendency to cut further gains.

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 Ltd stands at -0.79. The total capital return value is set at -0.32.

Based on Alpha Technology Group Ltd (ATGL), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 2.92. The debt to equity ratio resting at 0.08. 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 217.34. 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 5.93.

Conclusion

In summary, Alpha Technology Group Ltd (ATGL) has had a better performance as of late. Analysts have bearish opinions on the stock, with some viewing it as a “sell” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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