The stock price of Alternus Clean Energy Inc (NASDAQ: ALCE) has dropped by -9.64 compared to previous close of 0.58. Despite this, the company has seen a fall of -25.22% in its stock price over the last five trading days. proactiveinvestors.com reported 2025-01-08 that Alternus Clean Energy Inc (NASDAQ:ALCE, OTC:ACLEW) has secured full permitting for the first of 11 planned solar projects in Italy, paving the way for construction to begin in the coming months. Construction is scheduled to start in the second quarter of this year as a result, renewable energy firm Alternus announced on Wednesday.
Is It Worth Investing in Alternus Clean Energy Inc (NASDAQ: ALCE) Right Now?
The 36-month beta value for ALCE is also noteworthy at -0.57. 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 0 rating it as “sell.”
The public float for ALCE is 1.39M, and at present, short sellers hold a 2.95% of that float. The average trading volume of ALCE on January 15, 2025 was 1.21M shares.
ALCE’s Market Performance
ALCE stock saw a decrease of -25.22% in the past week, with a monthly decline of -54.43% and a quarterly a decrease of -80.15%. The volatility ratio for the week is 14.80%, and the volatility levels for the last 30 days are 20.36% for Alternus Clean Energy Inc (ALCE). The simple moving average for the past 20 days is -33.61% for ALCE’s stock, with a -90.78% simple moving average for the past 200 days.
ALCE Trading at -58.29% from the 50-Day Moving Average
After a stumble in the market that brought ALCE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -98.30% of loss for the given period.
Volatility was left at 20.36%, however, over the last 30 days, the volatility rate increased by 14.80%, as shares sank -47.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -80.77% lower at present.
During the last 5 trading sessions, ALCE fell by -25.22%, which changed the moving average for the period of 200-days by -94.88% in comparison to the 20-day moving average, which settled at $0.7893. In addition, Alternus Clean Energy Inc saw -33.32% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ALCE
Current profitability levels for the company are sitting at:
- -0.43 for the present operating margin
- 0.68 for the gross margin
The net margin for Alternus Clean Energy Inc stands at -3.0. The total capital return value is set at 0.12.
Based on Alternus Clean Energy Inc (ALCE), the company’s capital structure generated -0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 14.73. The debt to equity ratio resting at -0.01. The interest coverage ratio of the stock is -0.38.
Currently, EBITDA for the company is -31.42 million with net debt to EBITDA at -0.03. When we switch over and look at the enterprise to sales, we see a ratio of 0.15. The receivables turnover for the company is 1104.62for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.34.
Conclusion
In summary, Alternus Clean Energy Inc (ALCE) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
