Atlis Motor Vehicles Inc. (NASDAQ:AMV) does about 1.03M shares in volume on a normal day but saw 3617248 shares change hands in Monday trading. The company now has a market cap of 133.67M USD. Its current market price is $3.40, marking a decrease of -25.11% compared to the previous close of $4.54. The 52 week high reached by this stock is $243.99 whilst the lowest price level in 52 weeks is $2.26. The script in recent trading has seen the stock touch a high of $4.7299 and a low of $3.305.
Atlis Motor Vehicles Inc. (AMV) has a 20-day trading average at $4.30 and the current price is -98.61% off the 52-week high compared with 50.44% distance from its 52-week low. The 50-day simple moving average of the closing price is $6.86. If we look at the stock’s price movements over the week, volatility stands at 26.36%, which increases to 39.84% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 40.04 to suggest the stock is neutral.
1 analysts observing the Atlis Motor Vehicles Inc. (AMV) stock have set the 12-month price targets for the company’s shares at between $15.00 and $15.00. The consensus objective for the share price is $15.00, suggesting that the stock has a potential upside of 77.33% over the period. The median price target is 77.33% away from the current levels at $15.00.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.
The current price level is -21.80%, -51.43%, and -72.01% away from its SMA20, SMA50, and SMA200 respectively, with the AMV price moving above the 50-day SMA on January 23. Atlis Motor Vehicles Inc. (AMV) stock is down -42.47% over the week and -22.49% over the past month. Its price is 4.62% year-to-date.
Its 12-month price target is $15.00. To reach the target analysts have set, the stock logically needs to grow 77.33 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $15.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $15.00.
Price to book ratio is 34.34.
According to a U.S. Securities and Exchange Commission filing, Schwab US Small Cap ETF has reduced its position in Atlis Motor Vehicles Inc. (AMV) to 15,662 shares, mirroring a recent drop by -0.05%. Schwab US Small Cap ETF dumped 8.0 shares of Atlis Motor Vehicles Inc. common stock bringing its total worth to about $50902.0 at the end of recent close, SEC documents show.