Alternus Energy Group Stock Price on November 27, 2024
| ALCE Stock | 1.25 0.01 0.81% |
If you're considering investing in Alternus Stock, it is important to understand the factors that can impact its price. As of today, the current price of Alternus Energy stands at 1.25, as last reported on the 1st of December, with the highest price reaching 1.30 and the lowest price hitting 1.23 during the day. Alternus Energy Group secures Sharpe Ratio (or Efficiency) of -0.31, which signifies that the company had a -0.31% return per unit of risk over the last 3 months. Alternus Energy Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alternus Energy's Standard Deviation of 6.43, mean deviation of 4.21, and Risk Adjusted Performance of (0.25) to double-check the risk estimate we provide.
The current year's Other Stockholder Equity is expected to grow to about 40.8 M, whereas Total Stockholder Equity is projected to grow to (60.1 M). . At present, Alternus Energy's Price Cash Flow Ratio is projected to increase significantly based on the last few years of reporting. Alternus Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Alternus |
Sharpe Ratio = -0.3132
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| Negative Returns | ALCE |
Estimated Market Risk
| 6.52 actual daily | 58 58% of assets are less volatile |
Expected Return
| -2.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.31 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Alternus Energy is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Alternus Energy by adding Alternus Energy to a well-diversified portfolio.
Enterprise Value 39.1 M | Enterprise Value Ebitda (17.29) | Price Sales 0.183 | Shares Float 21.3 M | Shares Outstanding 4.4 M |
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Alternus Energy Valuation on November 27, 2024
It is possible to determine the worth of Alternus Energy on a given historical date. On November 27, 2024 Alternus was worth 1.27 at the beginning of the trading date compared to the closed value of 1.24. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alternus Energy stock. Still, in general, we apply an absolute valuation method to find Alternus Energy's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Alternus Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alternus Energy's related companies.
| Open | High | Low | Close | Volume | |
| 1.34 | 1.34 | 1.26 | 1.30 | 92,354 | |
11/27/2024 | 1.27 | 1.30 | 1.22 | 1.24 | 65,068 |
| 1.24 | 1.30 | 1.23 | 1.25 | 30,900 |
| Backtest Alternus Energy | | | Alternus Energy History | | | Alternus Energy Valuation | Previous | Next |
Alternus Energy Trading Date Momentum on November 27, 2024
| On November 29 2024 Alternus Energy Group was traded for 1.25 at the closing time. The top price for the day was 1.30 and the lowest listed price was 1.23 . The trading volume for the day was 30.9 K. The trading history from November 29, 2024 was a factor to the next trading day price growth. The overall trading delta against the next closing price was 0.81% . The overall trading delta against the current closing price is 0.00% . |
Alternus Energy Group Fundamentals Correlations and Trends
By evaluating Alternus Energy's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Alternus Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Alternus financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Alternus Energy Stock history
Alternus Energy investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Alternus is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Alternus Energy Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Alternus Energy stock prices may prove useful in developing a viable investing in Alternus Energy
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 2.3 M | 2.2 M |
Alternus Energy Stock Technical Analysis
Alternus Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Alternus Energy Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Alternus Energy Group cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Alternus Energy December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Alternus Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alternus Energy shares will generate the highest return on investment. By undertsting and applying Alternus Energy stock market strength indicators, traders can identify Alternus Energy Group entry and exit signals to maximize returns
Alternus Energy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alternus Energy's price direction in advance. Along with the technical and fundamental analysis of Alternus Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Alternus to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.25) | |||
| Jensen Alpha | (2.06) | |||
| Total Risk Alpha | (3.22) | |||
| Treynor Ratio | 3.17 |
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Complementary Tools for Alternus Stock analysis
When running Alternus Energy's price analysis, check to measure Alternus Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alternus Energy is operating at the current time. Most of Alternus Energy's value examination focuses on studying past and present price action to predict the probability of Alternus Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alternus Energy's price. Additionally, you may evaluate how the addition of Alternus Energy to your portfolios can decrease your overall portfolio volatility.
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