AtlasClear Holdings Inc (AMEX: ATCH) Has Yet To Win Over Analysts?

AtlasClear Holdings Inc (AMEX:ATCH) traded at $0.20 at last check on current trade day and made a downward move of -1.48% on its previous day’s price.

Looking at the stock we see that its previous close was $0.20 and the beta (5Y monthly) reads -0.423 with the day’s price range being $0.1757 – $0.2091. In terms of its 52-week price range, ATCH has a high of $10.26 and a low of $0.12. The company’s stock has gained about 11.11% over that past 30 days.

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AtlasClear Holdings Inc has a market cap of $4.65 million and is expected to release its quarterly earnings report in January.

On the other hand, looking at the outlook for the ATCH stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell.

Looking further, we note the current price level is -7.35% off its SMA20 and 0.39% from its 50-day simple moving average. The RSI (14) is pointing at 46.56 while the volatility over the past week is 10.13% and jumps to 15.43% over the past one month. The beta value is -0.18, while the average true range (ATR) is currently pointing at 0.03.

Coming back to AtlasClear Holdings Inc (AMEX:ATCH), we note that the average 3-month trading volume was 10.58 million, while that of the preceding 10-day period stands at 0.88 million. Current shares outstanding are 22.25 million.

The insiders hold 46.28% of the company’s shares while institutions hold 10.60%. The data shows that short shares as of 2024-11-29, stood at 1.12 million at a short ratio of 0.05. This represents a 741.00 short interest in shares outstanding on 2024-11-29. Shares short rose in November from the previous month at 25285.0. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -96.77% down in year-to-date price movement.

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