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Advent Technologies Holdings Inc. (NASDAQ:ADN) Share Price Rebounds 71.75% From The Lows – But Can It Keep Going?

In last trading session, Advent Technologies Holdings Inc. (NASDAQ:ADN) saw 1.81 million shares changing hands with its beta currently measuring -0.06. Company’s recent per share price level of $4.00 trading at -$0.21 or -4.99% at ring of the bell on the day assigns it a market valuation of $185.00M. That closing price of ADN’s stock is at a discount of -151.0% from its 52-week high price of $10.04 and is indicating a premium of 71.75% from its 52-week low price of $1.13. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.51 million shares which gives us an average trading volume of 3.02 million if we extend that period to 3-months.

For Advent Technologies Holdings Inc. (ADN), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.50. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.2 in the current quarter.

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Advent Technologies Holdings Inc. (NASDAQ:ADN) trade information

Upright in the red during last session for losing -4.99%, in the last five days ADN remained trading in the green while hitting it’s week-highest on Wednesday, 09/21/22 when the stock touched $4.00 price level, adding 6.1% to its value on the day. Advent Technologies Holdings Inc.’s shares saw a change of -42.94% in year-to-date performance and have moved 28.62% in past 5-day. Advent Technologies Holdings Inc. (NASDAQ:ADN) showed a performance of 52.09% in past 30-days. Number of shares sold short was 2.18 million shares which calculate 0.13 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $9.85 to the stock, which implies a rise of 59.39% to its current value. Analysts have been projecting $5.00 as a low price target for the stock while placing it at a high target of $14.70. It follows that stock’s current price would drop -267.5% in reaching the projected high whereas dropping to the targeted low would mean a loss of -25.0% for stock’s current value.

Advent Technologies Holdings Inc. (ADN) estimates and forecasts

Statistics highlight that Advent Technologies Holdings Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 34.23% of value to its shares in past 6 months, showing an annual growth rate of -17.33% while that of industry is 9.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -185.70% in the current quarter and calculating -16.70% decrease in the next quarter. This year revenue growth is estimated to rise 225.80% from the last financial year’s standing.

ADN Dividends

Advent Technologies Holdings Inc. is more likely to be releasing its next quarterly report between March 24 and March 28 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Advent Technologies Holdings Inc. (NASDAQ:ADN)’s Major holders

Insiders are in possession of 50.90% of company’s total shares while institution are holding 34.26 percent of that, with stock having share float percentage of 69.78%. Investors also watch the number of corporate investors in a company very closely, which is 34.26% institutions for Advent Technologies Holdings Inc. that are currently holding shares of the company. Bnp Paribas Asset Management Holding S.a. is the top institutional holder at ADN for having 4.14 million shares of worth $9.62 million. And as of Mar 30, 2022, it was holding 8.03% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 1.75 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 3.40% of outstanding shares, having a total worth of $4.07 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 0.66 million shares of worth $1.53 million or 1.28% of the total outstanding shares. The later fund manager was in possession of 0.51 million shares on Mar 30, 2022, making its stake of worth around $1.17 million in the company or a holder of 0.98% of company’s stock.

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