The trading price of AtlasClear Holdings Inc (AMEX:ATCH) closed higher on Tuesday, May 27, and closing at $0.21, 9.31% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $83.99 and a 52-week low of $0.18. Over the past month, the stock has lost -51.93% in value.
AtlasClear Holdings Inc, whose market valuation is $3.25 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 26.38M.
On the technical side, indicators suggest ATCH has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that ATCH’s price is currently -26.30% off the SMA20 and -59.96% off the SMA50. The RSI metric on the 14-day chart is currently showing 29.27, and weekly volatility stands at 11.21%. When measured over the past 30 days, the indicator reaches 8.90%. AtlasClear Holdings Inc (AMEX:ATCH)’s beta value is currently sitting at 0.24, while the Average True Range indicator is currently displaying 0.07.
To see how AtlasClear Holdings Inc stock has been performing in comparison to its peers in the industry, here are the numbers: ATCH stock’s performance was 9.31% in the latest trading, and -99.69% in the past year.
An evaluation of the daily trading volume of AtlasClear Holdings Inc (AMEX:ATCH) indicates that the 3-month average is 5.60 million.
Currently, records show that 15.60 million of the company’s shares remain outstanding. The insiders hold 17.13% of outstanding shares, whereas institutions hold 1.55%. However, since the stock’s price has seen -97.83% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
