Should You Sell AtlasClear Holdings Inc (ATCH) And Go Away This Year?

AtlasClear Holdings Inc (AMEX:ATCH) currently has a daily average trading volume of 10.50M but it saw 1816936 shares traded in last market. With a market cap of 4.78M USD, the company’s current market price of $0.20 came falling about -3.12 while comparing to the previous closing price of $0.21. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.26 and as low as $0.12. In the recent trading on the day, stock has struck highest price mark of $0.1924 while lowest mark touched by it was $0.2171.

Taking a look at 20-day trading activity of AtlasClear Holdings Inc (ATCH) gives us an average price of $0.2129, while its current price level is -98.00% below from 52-week high level whereas it is 65.72% 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 $0.2023 while that of 200 days or SMA-200 reads an average of $0.7619. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.43% during that period while stretching the period over a month that increases to 21.39%. 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 49.58 which implies that the stock is in neutral territory.

Over the week, ATCH’s stock price is moving 0.34% up while it is 22.75% when we observe its performance for the past one month. Year-to-date it is -96.69% down and over the past year, the stock is showing a downside performance of -97.77%.

Currently, AtlasClear Holdings Inc’s total number of outstanding shares is 22.25M. Company’s return on investment (ROI) stands at -85158.69% and return on equity (ROE) at -2165.63%. Stock’s beta reads -0.18. Stock has a price to sale or P/S ratio amounts to 1.19. Its return on asset (ROA) is -206.89% on average.