September 27, 2020

ANALYSIS OF THE STOCKS OF ALBERTON ACQUISITION CORPORATION

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About the Company: Alberton Acquisition Corporation operates as a blank check company. The Company mainly aims to accumulate one and more businesses and assets, via a merger, capital stock market, asset acquisition, stock purchase, and reorganization.

Stock Analysis: NASDAQ: ALAC at https://www.webull.com/quote/nasdaq-alac (Stock Symbol of Alberton Acquisition Corporation) has shown the peak performance at the end of the month of May (considering the duration of the last 3 months). During the peak performance, the price was 11, and the volume was 1022. The Opening 09:30 08/18 EDT was 10.65, and the previous close was at same price of 10.78. The volume was 200 and the Market Capital at that time was 49.16M and the low for the time being was 10.65, the high being the same at 10.65. While, the 52-week low was 10.65 and the 52-week high was found to be 11.

The price/earnings ratio (often referred to as p/E or TTM) is 578.80. Coming to the portion of the field by which the stocks are distributed, if we refer to the same time when the stock was opened (I.e. 09:30 08/18 EDT), it is observed that in the Holding Companies, the stock value decreased by a percentage of 0.12. And in the Financials, the stock value decreased by a percentage of 0.30.

If we analyze the EPS (earnings per share), it is observed that until the duration of March, the EPS was found to be $0.02 and until the month of June, it was observed to be $0.06. So, if we consider the opinion of some of the analysts in order to see that what should be done regarding the stocks of Alberton Acquisition Corporation, many are in the favor of holding and while some favor to buy. Also, this is pretty clear from the analysis of the stock price of Alberton Acquisition Corporation that since the company is running in loss, the stock price has decreased considerably. Also, in the current period the opening is comparable to its minimum in the duration of 3 months (10.65 at this period while the minimum being 10.60).

Some of the Company‚Äôs catching points: The company mainly aims to build its business by acquiring the business and assets via many methods which includes merger, capital stock exchange. ALAC’s efforts to aim for a target business have not been limited to a geographic region. This objective makes the company enter into any kind of contractual arrangements or engaging in any other similar business combination with one or more businesses or entities. You can do stock trading at the best stock trading app for beginners.

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.