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Estimating Price Trends For Ault Alliance Inc. (AMEX: AULT)

Ginger Baker by Ginger Baker
January 24, 2023
in Business
0

Ault Alliance Inc. (AMEX:AULT) does about 5.56M shares in volume on a normal day but saw 12375747 shares change hands in Monday trading. The company now has a market cap of 47.44M USD. Its current market price is $0.14, marking an increase of 6.04% compared to the previous close of $0.14. The 52 week high reached by this stock is $1.11 whilst the lowest price level in 52 weeks is $0.09. The script in recent trading has seen the stock touch a high of $0.15 and a low of $0.13.

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Ault Alliance Inc. (AULT) has a 20-day trading average at $0.1274 and the current price is -87.03% off the 52-week high compared with 67.25% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.1284 and its 200-day simple moving average is $0.2606. If we look at the stock’s price movements over the week, volatility stands at 11.57%, which increases to 12.21% 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 56.64 to suggest the stock is neutral.

1 analysts observing the Ault Alliance Inc. (AULT) stock have set the 12-month price targets for the company’s shares at between $2.00 and $2.00. The consensus objective for the share price is $3.75, suggesting that the stock has a potential upside of 96.27% over the period. The median price target is 93.0% away from the current levels at $2.00.

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 14.50%, 12.24%, and -45.28% away from its SMA20, SMA50, and SMA200 respectively, with the AULT price moving below the 50-day SMA on January 23. Ault Alliance Inc. (AULT) stock is up 1.05% over the week and 30.91% over the past month. Its price is 17.55% year-to-date and -84.37% over the past year.

Its 12-month price target is $2.00. To reach the target analysts have set, the stock logically needs to grow 96.27 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 $2.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $2.00.

The company has a return on investment of -7.00% and return on equity of -29.70%. The beta has a value of 4.05. Price to book ratio is 0.13 and price to sales ratio is 0.44.

Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard Extended Market Index Fu, which added 5831.0 shares to end up with 5,075,133 shares worth $0.62 million.

Tags: AMEX:AULTAULTAult Alliance Inc.AULT stock
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