AtlasClear Holdings Inc (AMEX:ATCH) does about 10.55M shares in volume on a normal day but saw 889571 shares change hands in the recent trading day. The company now has a market cap of 5.46M USD. Its current market price is $0.23, marking an increase of 8.47% compared to the previous close of $0.22. The 52 week high reached by this stock is $10.26 whilst the lowest price level in 52 weeks is $0.12.
AtlasClear Holdings Inc (ATCH) has a 20-day trading average at $0.2105 and the current price is -97.72% off the 52-week high compared with 89.49% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.1987 and its 200-day simple moving average is $0.7294. If we look at the stock’s price movements over the week, volatility stands at 9.59%, which increases to 16.21% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 56.25 to suggest the stock is neutral.
The consensus objective for the share price is $15.00, suggesting that the stock has a potential upside of 98.47% over the period.
The current price level is 11.36%, 17.95%, and -67.86% away from its SMA20, SMA50, and SMA200 respectively, with the ATCH price moving below the 50-day SMA on current market day. AtlasClear Holdings Inc (ATCH) stock is up 10.78% over the week and -5.33% over the past month. Its price is -96.22% year-to-date and -96.96% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to grow 98.47 percent from here.
Outstanding shares total 22.25M with insiders holding 41.86% of the shares and institutional holders owning 9.10% of the company’s common stock. The company has a return on investment of -85158.69% and return on equity of -2165.63%. The beta has a value of -0.18. Price to sales ratio is 1.36.
