Wall Street analysts’ outlook for Advent Technologies Holdings Inc. (ADN)

Advent Technologies Holdings Inc. (NASDAQ: ADN) stock jumped 3.23% on Wednesday to $1.92 against a previous-day closing price of $1.86. With 0.27 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.83 million shares. During the session, the Utilities – Renewable company that operates in wider Utilities sector, reached to the highest price of $1.9250 whereas the lowest price it dropped to was $1.8300. The 52-week range on ADN shows that it touched its highest point at $8.76 and its lowest point at $1.13 during that stretch. It currently has a 1-year price target of $9.35. Beta for the stock currently stands at -0.17.

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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 ADN was up-trending over the past week, with a rise of 1.05%, but this was down by -12.73% over a month. Three-month performance dropped to -33.56% while six-month performance rose 39.13%. The stock lost -74.12% in the past year, while it has lost -72.61% so far this year. A look at the trailing 12-month EPS for ADN yields -0.69 with Next year EPS estimates of -0.67. For the next quarter, that number is -0.03. This implies an EPS growth rate of -561.80% for this year and 20.20% for next year.

Float and Shares Shorts:

At present, 51.72 million ADN shares are outstanding with a float of 25.07 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.7 million, which was 3.30% higher than short shares on Sep 14, 2022. In addition to Dr. Vassilios Gregoriou Ph.D. as the firm’s CEO & Chairman, Dr. Emory Sayre De Castro Ph.D. serves as its CTO & Exec. Director.


Institutional Ownership:

Through their ownership of 26.53% of ADN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 29.63% of ADN, in contrast to 21.87% held by mutual funds. Shares owned by individuals account for 1.91%. As the largest shareholder in ADN with 10.58% of the stake, BNP Paribas Asset Management UK L holds 5,464,216 shares worth 5,464,216. A second-largest stockholder of ADN, The Vanguard Group, Inc., holds 1,267,268 shares, controlling over 2.45% of the firm’s shares. Penserra Capital Management LLC is the third largest shareholder in ADN, holding 744,572 shares or 1.44% stake. With a 14.07% stake in ADN, the BNP Paribas Funds – Energy Transi is the largest stakeholder. A total of 7,264,216 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 1.40% of ADN stock, is the second-largest Mutual Fund holder. It holds 724,921 shares valued at 1.64 million. Defiance Next Gen H2 ETF holds 1.38% of the stake in ADN, owning 713,366 shares worth 1.61 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ADN since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ADN analysts setting a high price target of $4.00 and a low target of $4.00, the average target price over the next 12 months is $4.00. Based on these targets, ADN could surge 108.33% to reach the target high and rise by 108.33% to reach the target low. Reaching the average price target will result in a growth of 108.33% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ADN will report FY 2022 earnings on 03/27/2023. Analysts have provided yearly estimates in a range of -$0.69 being high and -$0.69 being low. For ADN, this leads to a yearly average estimate of -$0.69. The surprise factor in the prior quarter was $0.03. Based on analyst estimates, the high estimate for the next quarter is -$0.03 and the low estimate is -$0.03. The average estimate for the next quarter is thus -$0.03.

Summary of Insider Activity:

Insiders traded ADN stock several times over the past three months with 0 Buys and 2 Sells. In these transactions, 0 shares were bought while 30,969 shares were sold. The number of buy transactions has increased to 4 while that of sell transactions has risen to 5 over the past year. The total number of shares bought during that period was 368,548 while 191,184 shares were sold.

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