Stocks of Ault Alliance Inc. (AULT) are poised to climb above their peers

Ault Alliance Inc. (AMEX: AULT) stock fell -4.15% on Friday to $0.62 against a previous-day closing price of $0.65. With 0.4 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.29 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $0.6500 whereas the lowest price it dropped to was $0.6230. The 52-week range on AULT shows that it touched its highest point at $53.49 and its lowest point at $0.60 during that stretch. Beta for the stock currently stands at 3.81.

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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 AULT was down-trending over the past week, with a drop of -23.16%, but this was down by -63.78% over a month. Three-month performance dropped to -89.49% while six-month performance fell -96.71%. The stock lost -98.81% in the past year, while it has lost -97.58% so far this year.

Float and Shares Shorts:

At present, 5.55 million AULT shares are outstanding with a float of 5.37 million shares on hand for trading. On Aug 30, 2023, short shares totaled 44730.0, which was 0.81% higher than short shares on Jul 30, 2023. In addition to Mr. Milton Charles Ault III as the firm’s Founder & Exec. Chairman, Mr. William B. Horne serves as its CEO & Vice Chairman.

Institutional Ownership:

Through their ownership of 7.96% of AULT’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.16% of AULT, in contrast to 1.02% held by mutual funds. Shares owned by individuals account for 0.01%. As the largest shareholder in AULT with 0.80% of the stake, The Vanguard Group, Inc. holds 44,256 shares worth 44,256. A second-largest stockholder of AULT, BlackRock Fund Advisors, holds 5,666 shares, controlling over 0.10% of the firm’s shares. American Portfolios Advisors, Inc is the third largest shareholder in AULT, holding 3,540 shares or 0.06% stake. With a 0.49% stake in AULT, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 27,340 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.31% of AULT stock, is the second-largest Mutual Fund holder. It holds 16,916 shares valued at 17085.0. Bridgeway Ultra Small Company Fun holds 0.09% of the stake in AULT, owning 4,700 shares worth 4747.0.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, AULT reported revenue of $17.37M and operating income of -$21.74M. The EBITDA in the recently reported quarter was -$18.08M and diluted EPS was -$26.73.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AULT 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 AULT analysts setting a high price target of $419.50 and a low target of $419.50, the average target price over the next 12 months is $419.50. Based on these targets, AULT could surge 67561.29% to reach the target high and rise by 67561.29% to reach the target low. Reaching the average price target will result in a growth of 67561.29% 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.

Summary of Insider Activity:

Insiders traded AULT stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 500 shares were bought while 0 shares were sold. The number of buy transactions has increased to 31 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 12,153,100 while 0 shares were sold.

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