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Ault Alliance Inc. (AMEX: AULT) Is Up 6.04%. Can It Come Back?

Ault Alliance Inc. (AMEX:AULT) traded at $0.14 at close of the session on Monday, 01/23/23, made an upward move of 6.04% on its previous day’s price.

Looking at the stock we see that its previous close was $0.14 with the day’s price range being $0.13 – $0.15. In terms of its 52-week price range, AULT has a high of $1.11 and a low of $0.09. The company’s stock has gained about 30.91% over that past 30 days.

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Ault Alliance Inc. has a market cap of $47.44 million.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the AULT stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Ault Alliance Inc. (AULT) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 14.50% off its SMA20 and 12.24% from its 50-day simple moving average. The RSI (14) is pointing at 56.64 while the volatility over the past week is 11.57% and jumps to 12.21% over the past one month. The beta value is 4.05, while the average true range (ATR) is currently pointing at 0.01. The average price target for the stock over the next 12 months is $2.00, with the estimates having a low of $2.00 and a high of $2.00. These price ends are -1328.57% and -1328.57% off the current price level respectively, although investors could be excited at the prospect of a -1328.57% if the AULT share price touches on the median price of $2.00.

Coming back to Ault Alliance Inc. (AMEX:AULT), we note that the average 3-month trading volume was 5.56 million, while that of the preceding 10-day period stands at 7.78 million. Current shares outstanding are 356.76 million.

The insiders hold 0.50% of the company’s shares while institutions hold 7.60%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 17.55% up in year-to-date price movement.

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