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Investor Confidence Dwindles After Atlis Motor Vehicles Inc. (NASDAQ: AMV) Shares Drop By About -0.26

Atlis Motor Vehicles Inc. (NASDAQ:AMV) has seen 0.63 million shares traded in the recent trading session. The company, currently valued at $133.67M, closed the recent trade at $3.14 per share which meant it lost -$0.26 on the day or -7.50% during that session. The AMV stock price is -7670.38% off its 52-week high price of $243.99 and 28.03% above the 52-week low of $2.26. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.82 million shares traded. The 3-month trading volume is 1.09 million shares.

The consensus among analysts is that Atlis Motor Vehicles Inc. (AMV) is a Buy stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight.

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Atlis Motor Vehicles Inc. (NASDAQ:AMV) trade information

Sporting -7.50% in the red today, the stock has traded in the red over the last five days, with the highest price hit on Monday, 01/23/23 when the AMV stock price touched $3.14 or saw a rise of 43.42%. Year-to-date, Atlis Motor Vehicles Inc. shares have moved 4.62%, while the 5-day performance has seen it change -42.47%. Over the past 30 days, the shares of Atlis Motor Vehicles Inc. (NASDAQ:AMV) have changed -22.49%. Short interest in the company has seen 54130.0 shares shorted with days to cover at 0.06.

Wall Street analysts have a consensus price target for the stock at $15.00, which means that the shares’ value could jump 79.07% from the levels at last check today. The projected low price target is $15.00 while the price target rests at a high of $15.00. In that case, then, we find that the latest price level in today’s session is -377.71% off the targeted high while a plunge would see the stock gain -377.71% from the levels at last check today.

Atlis Motor Vehicles Inc. (AMV) estimates and forecasts

AMV Dividends

Atlis Motor Vehicles Inc. is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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