Alternus Clean Energy Inc (ALCE) Down -97.32% From Its 52-Week High, But Growth Potential Is Changing Over Time

Alternus Clean Energy Inc (NASDAQ:ALCE) currently has a daily average trading volume of 442.02K but it saw 39028616 shares traded in last market. With a market cap of 4.47M USD, the company’s current market price of $1.00 came rising about 27.23 while comparing to the previous closing price of $0.79. In past 52 weeks, the stock remained buoying in the range of price level as high as $37.38 and as low as $0.74. In the recent trading on the day, stock has struck highest price mark of $0.82 while lowest mark touched by it was $1.52.

Taking a look at 20-day trading activity of Alternus Clean Energy Inc (ALCE) gives us an average price of $0.9212, while its current price level is -97.32% below from 52-week high level whereas it is 35.11% 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 $1.5235 while that of 200 days or SMA-200 reads an average of $6.0537. A closer look into the stock’s movement over the week reveals that its volatility is standing at 29.95% during that period while stretching the period over a month that decreases to 15.96%. 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 44.34 which implies that the stock is in neutral territory.

Over the week, ALCE’s stock price is moving 17.03% up while it is -15.27% when we observe its performance for the past one month. Year-to-date it is 27.23% up and over the past year, the stock is showing a downside performance of -97.14%.

Currently, Alternus Clean Energy Inc’s total number of outstanding shares is 3.49M. Stock’s beta reads -0.61.