American Virtual Cloud Technologies Inc. (NASDAQ:AVCT) – Investors View The Stock Differently Today – Marketing Sentinel
Home  »  Business   »  American Virtual Cloud Technologies Inc. (NASDAQ:A...

American Virtual Cloud Technologies Inc. (NASDAQ:AVCT) – Investors View The Stock Differently Today

In the last trading session, 1.25 million shares of the American Virtual Cloud Technologies Inc. (NASDAQ:AVCT) were traded, and its beta was 1.37. Most recently the company’s share price was $0.32, and it changed around -$0.01 or -2.96% from the last close, which brings the market valuation of the company to $28.91M. AVCT currently trades at a discount to its 52-week high of $7.39, offering almost -2209.37% off that amount. The share price’s 52-week low was $0.31, which indicates that the current value has risen by an impressive 3.13% since then. We note from American Virtual Cloud Technologies Inc.’s average daily trading volume that its 3-month average coming to 2.96 million.

American Virtual Cloud Technologies Inc. (NASDAQ:AVCT) trade information

Instantly AVCT has showed a red trend with a performance of -2.96% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.3492 on Tuesday, 06/21/22 increased the stock’s daily price by 8.36%. The company’s shares are currently down -86.63% year-to-date, but still down -2.90% over the last five days. On the other hand, American Virtual Cloud Technologies Inc. (NASDAQ:AVCT) is -20.46% down in the 30-day period.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored

The consensus price target as assigned by Wall Street analysts is $7.00, which translates to bulls needing to increase their stock price by 95.43% from its current value. Analyst projections state that AVCT is forecast to be at a low of $7.00 and a high of $7.00. In order for the stock price to hit the forecast high, the stock would need to plunge -2087.5% from its current level, while the stock would need to crash -2087.5% from its current level to reach the projected low.

American Virtual Cloud Technologies Inc. (AVCT) estimates and forecasts

The year-over-year growth rate is expected to be -11.50%, down from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $25.1 million in revenue for the current quarter. 1 analysts expect American Virtual Cloud Technologies Inc. to make $25.3 million in revenue for the quarter ending Jun 2022.

AVCT Dividends

American Virtual Cloud Technologies Inc.’s next quarterly earnings report is expected to be released in July.

American Virtual Cloud Technologies Inc. (NASDAQ:AVCT)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 30.96% of American Virtual Cloud Technologies Inc. shares, and 31.48% of them are in the hands of institutional investors. The stock currently has a share float of 45.59%. American Virtual Cloud Technologies Inc. stock is held by 34 institutions, with Cresset Asset Management, LLC being the largest institutional investor. By Dec 30, 2021, it held 1.91% of the shares, which is about 1.75 million shares worth $4.26 million.

Hudson Bay Capital Management Lp, with 1.66% or 1.52 million shares worth $3.7 million as of Dec 30, 2021, holds the second largest percentage of outstanding shares.

Vanguard Extended Market Index Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 30, 2021. The former held 0.81 million shares worth $1.96 million, making up 0.88% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 0.68 million shares worth around $1.65 million, which represents about 0.74% of the total shares outstanding.

Leave a Comment

Your email address will not be published.

On Key

Related Posts

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]