AtlasClear Holdings Inc (AMEX: ATCH): Retirees Don’t Worry About Volatility

AtlasClear Holdings Inc (AMEX:ATCH) currently has a daily average trading volume of 3.87M but it saw 1763204 shares traded in last market. With a market cap of 2.36M USD, the company’s current market price of $0.38 came falling about -2.00 while comparing to the previous closing price of $0.38. In past 52 weeks, the stock remained buoying in the range of price level as high as $83.99 and as low as $0.37. In the recent trading on the day, stock has struck highest price mark of $0.3425 while lowest mark touched by it was $0.3886.

Taking a look at 20-day trading activity of AtlasClear Holdings Inc (ATCH) gives us an average price of $0.5002, while its current price level is -99.55% below from 52-week high level whereas it is 2.58% 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 $1.2445 while that of 200 days or SMA-200 reads an average of $9.8660. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.43% during that period while stretching the period over a month that increases to 13.91%. 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 27.77 which implies that the stock is in oversold territory.

Over the week, ATCH’s stock price is moving -12.26% down while it is -43.39% when we observe its performance for the past one month. Year-to-date it is -96.07% down and over the past year, the stock is showing a downside performance of -99.37%.

The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, AtlasClear Holdings Inc’s total number of outstanding shares is 6.24M with 2.91% of that held by the insiders while 0.71% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -5540.38% and return on equity (ROE) at -2165.63%. Stock’s beta reads 0.38. Stock has a price to sale or P/S ratio amounts to 0.59. Its return on asset (ROA) is -206.89% on average.