Stocks of Advent Technologies Holdings Inc. (NASDAQ:ADN) traded higher last session on Wall Street, up 0.52% to $1.94.
According to the data, Advent Technologies Holdings Inc. (NASDAQ:ADN) has 2 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $14.70 and a low of $4.00, we find $9.35. Given the previous closing price of $1.93, this indicates a potential upside of 384.46 percent. ADN stock price is now 2.53% away from the 50-day moving average and -16.34% away from the 200-day moving average. The market capitalization of the company currently stands at $98.16M.
A total of 0 analysts have issued a hold rating and 2 have given it a buy rating. Brokers who have rated the stock have averaged $9.35 as their price target over the next twelve months.
With the price target maintained at $20, Goldman recently Downgraded its rating from Buy to Neutral for Advent Technologies Holdings Inc. (NASDAQ: ADN). On March 19, 2021, Jefferies recently initiated its ‘Buy’ rating on the stock quoting a target price of $18.
Insiders disposed of 191,184 shares of company stock worth roughly $0.37 million over the past 1 year. A total of 13.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ADN stock. A new stake in Advent Technologies Holdings Inc. shares was purchased by FIRST TRUST ADVISORS LP during the first quarter worth $648,000. VAN ECK ASSOCIATES CORP invested $267,000 in shares of ADN during the first quarter. In the first quarter, VIRTU FINANCIAL LLC acquired a new stake in Advent Technologies Holdings Inc. valued at approximately $82,000. MAN GROUP PLC acquired a new stake in ADN for approximately $65,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND purchased a new stake in ADN valued at around $61,000 in the second quarter. In total, there are 81 active investors with 24.70% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $1.9300 for Advent Technologies Holdings Inc. (NASDAQ: ADN). During the past 12 months, Advent Technologies Holdings Inc. has had a low of $1.13 and a high of $4.81. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 4.40, and a quick ratio of 3.60. The fifty day moving average price for ADN is $1.8922 and a two-hundred day moving average price translates $2.3189 for the stock.
The latest earnings results from Advent Technologies Holdings Inc. (NASDAQ: ADN) was released for Jun, 2022. According to the Utilities – Renewable Company, earnings per share came in at -$0.22, beating analysts’ expectations of -$0.24 by 0.02. This compares to -$0.23 EPS in the same period last year. The company reported revenue of $2.4 million for the quarter, compared to $1.67 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 43.31 percent.
Advent Technologies Holdings Inc.(ADN) Company Profile
Advent Technologies Holdings, Inc., an advanced materials and technology development company, operates in the fuel cell and hydrogen technology markets. It develops, manufactures, and assembles fuel cell systems and critical components that determine the performance of hydrogen fuel cells and other energy systems. The company offers high-temperature proton exchange membrane (HT-PEM) fuel cells, HT-PEM based membrane electrode assemblies, membranes, and electrodes. It serves stationary and portable power, automotive, aviation, energy storage, and sensor markets. The company is headquartered in Boston, Massachusetts.