A new trading data show Atlis Motor Vehicles Inc. (AMV) is showing positive returns.

Atlis Motor Vehicles Inc. (NASDAQ: AMV) stock fell -25.11% on Monday to $3.40 against a previous-day closing price of $4.54. With 3.62 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.03 million shares. During the session, the Auto Parts company that operates in wider Consumer Cyclical sector, reached to the highest price of $4.7200 whereas the lowest price it dropped to was $3.3050. The 52-week range on AMV shows that it touched its highest point at $243.99 and its lowest point at $2.26 during that stretch. It currently has a 1-year price target of $15.00.

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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 AMV was down-trending over the past week, with a drop of -42.47%, but this was down by -22.49% over a month.

Float and Shares Shorts:

At present, 39.31 million AMV shares are outstanding with a float of 8.94 million shares on hand for trading. On Oct 13, 2022, short shares totaled 54130.0, which was 0.67% higher than short shares on. In addition to Mark Aaron Hanchett as the firm’s Founder, CEO & Chairman, Ms. Annie Pratt serves as its Pres & Director.

Institutional Ownership:

Other institutions hold 0.23% of AMV, in contrast to 0.21% held by mutual funds. Shares owned by individuals account for -0.22%. As the largest shareholder in AMV with 0.00% of the stake, Global Retirement Partners LLC holds 150 shares worth 150. A second-largest stockholder of AMV, Covington Capital Management, holds 200 shares, controlling over 0.00% of the firm’s shares. With a 0.16% stake in AMV, the Schwab US Small Cap ETF is the largest stakeholder. A total of 15,662 shares are owned by the mutual fund manager. The Fidelity Nasdaq Composite Index F, which owns about 0.07% of AMV stock, is the second-largest Mutual Fund holder. It holds 6,484 shares valued at 21073.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AMV 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 AMV analysts setting a high price target of $15.00 and a low target of $15.00, the average target price over the next 12 months is $15.00. Based on these targets, AMV could surge 341.18% to reach the target high and rise by 341.18% to reach the target low. Reaching the average price target will result in a growth of 341.18% 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. Based on analyst estimates, the high estimate for the next quarter is -$1.79 and the low estimate is -$1.79. The average estimate for the next quarter is thus -$1.79.

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