American Virtual Cloud Technologies Inc. (NASDAQ: AVCT) is -87.17% lower on its value in year-to-date trading and has touched a low of $0.13 and a high of $3.13 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AVCT stock was last observed hovering at around $0.22 in the last trading session, with the day’s gains setting it 0.09% off its average median price target of $7.00 for the next 12 months. It is also 95.57% off the consensus price target high of $7.00 offered by 1 analysts, but current levels are 95.57% higher than the price target low of $7.00 for the same period.
Currently trading at $0.31, the stock is 40.64% and 46.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 297.66 million and changing 44.69% at the moment leaves the stock -59.83% off its SMA200. AVCT registered -88.28% loss for a year compared to 6-month loss of -69.43%.
The stock witnessed a 121.76% gain in the last 1 month and extending the period to 3 months gives it a -6.59%, and is 68.54% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 24.77% over the week and 36.66% over the month.
American Virtual Cloud Technologies Inc. (AVCT) has around 356 employees, a market worth around $39.44M and $19.40M in sales. Distance from 52-week low is 136.21% and -90.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-246.00%).
American Virtual Cloud Technologies Inc. (AVCT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for American Virtual Cloud Technologies Inc. (AVCT) is a “Buy”. 1 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
American Virtual Cloud Technologies Inc. is expected to release its quarterly report on 11/30/2022.The EPS is expected to shrink by -184.30% this year
American Virtual Cloud Technologies Inc. (AVCT) Top Institutional Holders
The shares outstanding are 94.50M, and float is at 79.08M with Short Float at 21.47%.
American Virtual Cloud Technologies Inc. (AVCT) Insider Activity
A total of 7 insider transactions have happened at American Virtual Cloud Technologies Inc. (AVCT) in the last six months, with sales accounting for 3 and purchases happening 4 times. The most recent transaction is an insider sale by Tessler Michael, the company’s Director. SEC filings show that Tessler Michael sold 41,667 shares of the company’s common stock on Aug 02 at a price of $0.18 per share for a total of $7563.0. Following the sale, the insider now owns 0.92 million shares.
American Virtual Cloud Technologies Inc. disclosed in a document filed with the SEC on May 20 that MOCK LAWRENCE E, JR. (Director) bought a total of 250,000 shares of the company’s common stock. The trade occurred on May 20 and was made at $0.40 per share for $100000.0. Following the transaction, the insider now directly holds 21.42 million shares of the AVCT stock.
Still, SEC filings show that on May 19, LOCKHART DENNIS P (Director) acquired 260,000 shares at an average price of $0.39 for $0.1 million. The insider now directly holds 287,015 shares of American Virtual Cloud Technologies Inc. (AVCT).