Sunday, June 26, 2022

A Guide To The Risks Of Investing In Advent Technologies Holdings Inc. (ADN)

Goldman downgraded its Advent Technologies Holdings Inc. [ADN] rating to a Neutral from a a Buy in a research note published on Tuesday. PT values the company’s stock at a premium of 85.85 to its Tuesday closing price. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating.


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Price Performance Review of ADN

On Tuesday, Advent Technologies Holdings Inc. [NASDAQ:ADN] saw its stock fall -2.08% to $2.83. On the same session, the stock had its day’s lowest price of $2.76, but rose to a high of $3.33. Over the last five days, the stock has gained 121.09%. Advent Technologies Holdings Inc. shares have fallen nearly -59.63% since the year began. Nevertheless, the stocks have fallen -69.24% over the past one year. While a 52-week high of $10.14 was reached on 01/03/22, a 52-week low of $1.13 was recorded on 06/15/22. SMA at 50 days reached $1.86, while 200 days put it at $5.16. A total of 30.26 million shares were traded, compared to the trading of 216.44 million shares in the previous session.

Levels Of Support And Resistance For ADN Stock

The 24-hour chart illustrates a support level at 2.62, which if violated will result in even more drops to 2.40. On the upside, there is a resistance level at 3.19. A further resistance level may holdings at 3.54. The Relative Strength Index (RSI) on the 14-day chart is 61.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.47, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 49.25%. Stochastics %K at 51.94% indicates the stock is a holding.

How much short interest is there in Advent Technologies Holdings Inc.?

A steep rise in short interest was recorded in Advent Technologies Holdings Inc. stocks on Apr 28, 2022, dropping by 80000.0 shares to a total of 4.6 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 4.68 million shares. There was a decline of -1.74%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 13.63% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.48.

Advent Technologies Holdings Inc. [ADN] – Who Are The Largest Shareholders?

In filings from BNP Paribas Asset Management UK L, it is revealed that the company now owns 4,144,771 shares, or roughly 8.03% of the outstanding ADN shares. In other words, the investor’s shares have risen by 330,587 from its previous 13-F filing of 3814184.0. Additionally, BlackRock Fund Advisors increased 17.13% of its stake after which the total value it holdings stand at $2,208,397, while Legal & General Investment Manage added 16.40% of its stake to hold $2.04 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -51,163 shares of Advent Technologies Holdings Inc., while The Vanguard Group, Inc. sold -94,029 shares. At present, Geode Capital Management LLC is holding 634,203 shares valued at $0.86 million. Renaissance Technologies LLC owned 557,798 shares of the company at the time of its most recent 13F filing, worth $0.76 million.

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