Alternus Clean Energy Inc (NASDAQ: ALCE) – Time For Strategy Change?

Alternus Clean Energy Inc (NASDAQ:ALCE) currently has a daily average trading volume of 584.07K but it saw 4805132 shares traded in last market. With a market cap of 30.81M USD, the company’s current market price of $0.38 came rising about 13.01 while comparing to the previous closing price of $0.34. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.13 and as low as $0.29.

Taking a look at 20-day trading activity of Alternus Clean Energy Inc (ALCE) gives us an average price of $0.3767, while its current price level is -96.54% below from 52-week high level whereas it is 32.69% 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 $0.4060 while that of 200 days or SMA-200 reads an average of $5.8196. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.63% during that period while stretching the period over a month that increases to 9.85%. 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 46.78 which implies that the stock is in neutral territory.

Over the week, ALCE’s stock price is moving 21.46% up while it is -9.67% when we observe its performance for the past one month. Year-to-date it is -74.35% down and over the past year, the stock is showing a downside performance of -96.22%.

Currently, Alternus Clean Energy Inc’s total number of outstanding shares is 71.91M. Company’s return on equity (ROE) at -13.22%. Stock’s beta reads -0.78. Stock has a price to sale or P/S ratio amounts to 2.94. Its return on asset (ROA) is -5.28% on average.