Alpine 4 Holdings Inc. (NASDAQ:ALPP) shares traded -6.80% lower at $0.48 on Wall Street last session.
In accordance with the data, 1 analysts cover Alpine 4 Holdings Inc. (NASDAQ:ALPP). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $2.75 and a low of $2.75, we find $2.75. Given the previous closing price of $0.51, this indicates a potential upside of 439.22 percent. ALPP stock price is now -19.63% away from the 50-day moving average and -26.68% away from the 200-day moving average. The market capitalization of the company currently stands at $87.29M.
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It has been rated a hold by 0 analysts and a buy by 1. Brokers who have rated the stock have averaged $2.75 as their price target over the next twelve months.
With the price target of $2.75, Alliance Global Partners recently initiated with Buy rating for Alpine 4 Holdings Inc. (NASDAQ: ALPP).
Insiders disposed of 200,000 shares of company stock worth roughly $96000.0 over the past 1 year. A total of 2.19% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ALPP stock. A new stake in Alpine 4 Holdings Inc. shares was purchased by FISHER ASSET MANAGEMENT, LLC during the first quarter worth $26,000. FINDEC WEALTH SERVICES, INC. invested $15,000 in shares of ALPP during the first quarter. In the first quarter, ACT ADVISORS, LLC. acquired a new stake in Alpine 4 Holdings Inc. valued at approximately $7,000. TWO SIGMA SECURITIES, LLC acquired a new stake in ALPP for approximately $6,000. BRYN MAWR CAPITAL MANAGEMENT, LLC purchased a new stake in ALPP valued at around $6,000 in the second quarter. In total, there are 56 active investors with 11.40% ownership of the company’s stock.
Alpine 4 Holdings Inc. (NASDAQ: ALPP) opened at $0.5236 on Wednesday. During the past 12 months, Alpine 4 Holdings Inc. has had a low of $0.48 and a high of $1.39. As of last week, the company has a debt-to-equity ratio of 0.52, a current ratio of 1.50, and a quick ratio of 0.70. The fifty day moving average price for ALPP is $0.5963 and a two-hundred day moving average price translates $0.6538 for the stock.
The latest earnings results from Alpine 4 Holdings Inc. (NASDAQ: ALPP) was released for Jun, 2022. The net profit margin was -15.40% and return on equity was -18.90% for ALPP. The company reported revenue of $25.27 million for the quarter, compared to $14.13 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 78.83 percent. For the current quarter, analysts expect ALPP to generate $27.8M in revenue.
Alpine 4 Holdings Inc.(ALPP) Company Profile
Alpine 4 Holdings, Inc. a technology holding company, provides electronic contract manufacturing solutions in the United States. The company also offers automotive technologies, including 6th Sense Auto, a connected car technology that provides various advantages to management, sales, finance, and service departments in the automotive dealership industry to enhance productivity, profitability, and customer retention; and BrakeActive, a safety device that enhances vehicle’s third brake light’s ability to reduce or prevent a rear-end collision. In addition, it designs, fabricates, and installs dust collectors, commercial ductwork, kitchen hoods, industrial ventilation systems, machine guards, architectural work, water furnaces, and other products, as well as offers specialized spiral ductwork. Further, the company provides logistics services for various industries, such as medical, consumer electronics, energy, and disaster relief; contract manufacturing services for dietary and nutritional supplements; international contracting, fabricator, and project management services; and geospatial and 3D data services for various industries, including construction, oil/gas, mining, and quarries. It also manufacturers and sells electronic components; and designs, manufactures, and distributes commercial LED lighting and electronics, such as televisions, mounting solutions, projectors and screens, audio equipment, digital signage, mobile audio and video systems, and various wire and connecting products. The company was formerly known as Alpine 4 Technologies, Ltd. and changed its name to Alpine 4 Holdings, Inc. in March 2021. Alpine 4 Holdings, Inc. was incorporated in 2014 and is based in Phoenix, Arizona.
