In yesterday’s Wall Street session, Alpine 4 Holdings Inc. (NASDAQ:ALPP) shares traded at $2.36, up 40.48% from the previous session.
As of this writing, 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 $5.00 and a low of $5.00, we find $5.00. Given the previous closing price of $1.68, this indicates a potential upside of 197.62 percent. ALPP stock price is now 1.90% away from the 50-day moving average and -41.66% away from the 200-day moving average. The market capitalization of the company currently stands at $54.92M.
There are 0 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $5.00 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 $0.47 million over the past 1 year.
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 CREATIVEONE WEALTH, LLC during the first quarter worth $58,000. DONALDSON CAPITAL MANAGEMENT, LLC invested $42,000 in shares of ALPP during the first quarter. In the first quarter, MILLENNIUM MANAGEMENT LLC acquired a new stake in Alpine 4 Holdings Inc. valued at approximately $8,000. CITADEL ADVISORS LLC acquired a new stake in ALPP for approximately $4,000. COVINGTON CAPITAL MANAGEMENT purchased a new stake in ALPP valued at around $1,000 in the second quarter.
Monday morning saw Alpine 4 Holdings Inc. (NASDAQ: ALPP) opened at $2.0000. During the past 12 months, Alpine 4 Holdings Inc. has had a low of $1.59 and a high of $8.80. As of last week, the company has a debt-to-equity ratio of 0.57, a current ratio of 1.10, and a quick ratio of 0.50. The fifty day moving average price for ALPP is $2.3170 and a two-hundred day moving average price translates $4.0326 for the stock.
The latest earnings results from Alpine 4 Holdings Inc. (NASDAQ: ALPP) was released for Mar, 2023. According to the Conglomerates Company, earnings per share came in at -$0.02, inline with analysts’ expectations of -$0.02. This compares to -$0.17 EPS in the same period last year. The net profit margin was -14.20% and return on equity was -20.90% for ALPP. The company reported revenue of $24.36 million for the quarter, compared to $25.59 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.81 percent. For the current quarter, analysts expect ALPP to generate $26.21M in revenue.
Alpine 4 Holdings Inc.(ALPP) Company Profile
Alpine 4 Holdings, Inc. operates as an industrial conglomerate in North America. The company 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 for productivity, profitability, and customer retention; and BrakeActive, a safety device that improve vehicle’s third brake light’s ability to reduce or prevent a rear-end collision. It also 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. In addition, the company provides logistics services for various industries, such as medical, consumer electronics, energy, and disaster relief; electronic contract manufacturing services; 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 manufactures 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.
