GSA Capital Partners LLP recently announced the acquisition of new stake in Ault Alliance Inc. (AMEX:AULT). The institutional investor has increased its shareholding in the Industrials company by 196.22% to 2.98 million shares with purchase of 1.97 million shares. This fresh investment now brings its stake to 0.84% valued currently at $0.37 million. In addition, Geode Capital Management LLC raised its holdings by 0.46 million to 2.38 million shares. And BlackRock Fund Advisors has lifted its position by 0.17% or 2808.0 shares – to 1.7 million shares.
With over 12.38 million Ault Alliance Inc. (AULT) shares trading Monday and a closing price of $0.14 on the day, the dollar volume was approximately $1.73 million. The shares have shown a negative half year performance of -54.99% and its price on 01/23/23 gained nearly 6.04%. Currently, there are 356.76M common shares owned by the public and among those 308.21M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for AULT have a consensus price objective of $2.00. The analysts have set the share’s price value over the next 12 months at a high of $2.00 and a low of $2.00. The average price target is 96.27% above its recent price level and an upside to the estimated low will see the stock gain 93.0% over that period. But an upside of 93.0% will see the stock hit the forecast high price target while median target price for the stock is $2.00.
Insiders at the company have transacted a total of 44 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 44 of these insider trades were purchases, accounting for 17,678,334 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Ault Alliance Inc. are Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu. Vanguard Total Stock Market Index owns 8.2 million shares of the company’s stock, all valued at over $1.01 million. Vanguard Extended Market Index Fu bought 5831.0 shares to see its total holdings expand to 5.08 million shares valued at over $0.62 million and representing 1.42% of the shares outstanding. Fidelity Extended Market Index Fu now owns shares totaling to 0.40% of the shares outstanding.
However, the script later moved the day high at 0.1500, up 6.04%. The company’s stock has a 5-day price change of 1.05% and -15.79% over the past three months. AULT shares are trading 17.55% year to date (YTD), with the 12-month market performance down to -84.37% lower. It has a 12-month low price of $0.09 and touched a high of $1.11 over the same period. AULT has an average intraday trading volume of 5.56 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 14.50%, 12.24%, and -45.28% respectively.
Institutional ownership of Ault Alliance Inc. (AMEX: AULT) shares accounts for 7.60% of the company’s 356.76M shares outstanding. Mutual fund holders own 2.99%, while other institutional holders and individual stakeholders account for 4.70% and 15.79% respectively.
It has a market capitalization of $47.44M and a beta (3y monthly) value of 4.05. The earnings-per-share (ttm) stands at -$0.78. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.57% over the week and 12.21% over the month.
Earnings per share for the fiscal year are expected to increase by 87.40%, and 100.00% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Ault Alliance Inc. (AULT) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
