Alpine 4 Holdings Inc. (NASDAQ: ALPP) stock jumped 9.69% on Friday to $0.89 against a previous-day closing price of $0.81. With 1.11 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.61 million shares. During the session, the Metal Fabrication company that operates in wider Industrials sector, reached to the highest price of $0.8900 whereas the lowest price it dropped to was $0.7999. The 52-week range on ALPP shows that it touched its highest point at $5.74 and its lowest point at $0.57 during that stretch. Beta for the stock currently stands at 9.44.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ALPP was up-trending over the past week, with a rise of 29.51%, but this was up by 23.54% over a month. Three-month performance dropped to -2.77% while six-month performance fell -43.33%. The stock lost -66.43% in the past year, while it has lost -53.66% so far this year.
Float and Shares Shorts:
At present, 183.03 million ALPP shares are outstanding with a float of 137.45 million shares on hand for trading. On Jul 14, 2022, short shares totaled 15.76 million, which was 8.59% higher than short shares on Jun 14, 2022. In addition to Mr. Kent B. Wilson as the firm’s Founder, CEO, Pres, Sec. & Director, Mr. Ian Kantrowitz serves as its Founder, VP of Investor Relations & Director.
Through their ownership of 8.08% of ALPP’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.07% of ALPP, in contrast to 21.26% held by mutual funds. Shares owned by individuals account for 2.57%. As the largest shareholder in ALPP with 4.07% of the stake, The Vanguard Group, Inc. holds 6,609,508 shares worth 6,609,508. A second-largest stockholder of ALPP, Geode Capital Management LLC, holds 1,417,853 shares, controlling over 0.87% of the firm’s shares. Claraphi Advisory Network LLC is the third largest shareholder in ALPP, holding 860,407 shares or 0.53% stake. With a 2.71% stake in ALPP, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 4,393,029 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.24% of ALPP stock, is the second-largest Mutual Fund holder. It holds 2,009,576 shares valued at 1.43 million. Fidelity Extended Market Index Fu holds 0.51% of the stake in ALPP, owning 819,552 shares worth 0.58 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ALPP since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ALPP analysts setting a high price target of – and a low target of –, the average target price over the next 12 months is –.
Summary of Insider Activity:
Insiders traded ALPP stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 4 while that of sell transactions has risen to 2 over the past year. The total number of shares bought during that period was 97,401 while 294,000 shares were sold.