The price of Advent Technologies Holdings Inc. (NASDAQ:ADN) shares last traded on Wall Street rose 23.49% to $0.95.
Based on available information, 1 analysts follow Advent Technologies Holdings Inc. (NASDAQ:ADN). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $4.00 and a low of $4.00, we find $4.00. Given the previous closing price of $0.77, this indicates a potential upside of 419.48 percent. ADN stock price is now 26.73% away from the 50-day moving average and -39.54% away from the 200-day moving average. The market capitalization of the company currently stands at $45.54M.
Among analysts, 0 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $4.00 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).
Insiders disposed of 374,229 shares of company stock worth roughly $0.36 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 PINE VALLEY INVESTMENTS LTD LIABILITY CO during the first quarter worth $79,000. MILLENNIUM MANAGEMENT LLC invested $70,000 in shares of ADN during the first quarter. In the first quarter, WALLEYE CAPITAL LLC acquired a new stake in Advent Technologies Holdings Inc. valued at approximately $23,000. ETF MANAGERS GROUP, LLC acquired a new stake in ADN for approximately $12,000. AVESTAR CAPITAL, LLC purchased a new stake in ADN valued at around $11,000 in the second quarter. In total, there are 59 active investors with 24.70% ownership of the company’s stock.
A candlestick chart of Advent Technologies Holdings Inc. (NASDAQ: ADN) showed a price of $0.8200 on Tuesday morning. During the past 12 months, Advent Technologies Holdings Inc. has had a low of $0.55 and a high of $4.26. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.60, and a quick ratio of 1.60. The fifty day moving average price for ADN is $0.7538 and a two-hundred day moving average price translates $1.5561 for the stock.
The latest earnings results from Advent Technologies Holdings Inc. (NASDAQ: ADN) was released for Mar, 2023. According to the Utilities – Renewable Company, earnings per share came in at -$0.19, missing analysts’ expectations of -$0.03 by -0.16. This compares to -$0.08 EPS in the same period last year. The company reported revenue of $0.98 million for the quarter, compared to $1.26 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -22.21 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 in North America, Europe, and Asia. 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, including membrane electrode assemblies, bipolar plates, and reformers, as well as provides fuel-cell stack assembly and testing services. It serves stationary power, portable power, automotive, aviation, energy storage, and sensor markets. The company is headquartered in Boston, Massachusetts.
