AltC Acquisition Corp. (NYSE: ALCC) Emerges As Guiding Light For Investors

AltC Acquisition Corp. (NYSE:ALCC) currently has a daily average trading volume of 300.14K but it saw 901668 shares traded on Thursday. With a market cap of 677.24M USD, stock’s current market price of $10.63 came rising about 0.43 while comparing to the previous closing price of $10.59. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.65 and as low as $9.65. In the recent trading on the day, stock has struck highest price mark of $10.6814 while lowest mark touched by it was $10.55.

Taking a look at 20-day trading activity of AltC Acquisition Corp. (ALCC) gives us an average price of $10.42, while its current price level is -0.19% below from 52-week high level whereas it is 10.16% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $10.27 while that of 200 days or SMA-200 reads an average of $9.98. A closer look into the stock’s movement over the week reveals that its volatility is standing at 0.67% during that period while stretching the period over a month that increases to 0.69%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 90.83 which implies that the stock is in overbought territory.

Over the week, ALCC’s stock price is moving 0.95% up while it is 3.40% when we observe its performance for the past one month. Year-to-date it is 7.16% up and over the past year, the stock is showing an upside performance of 9.14%.

Currently, AltC Acquisition Corp.’s total number of outstanding shares is 63.95M with 2.82% of that held by the insiders while 93.64% of its common stock has been owned by the institutions. It has a price to earnings ratio (P/E ratio) of 174.26.