Alpine 4 Technologies Ltd (ALPP) stock has reached a 52-week low, trading at $0.3, as the company faces a tumultuous market environment. This new low comes as a significant downturn for the company, which has seen its stock value decrease by 62.25% over the past year. Investors are closely monitoring ALPP's performance, considering the broader economic factors at play that have contributed to the stock's decline. The 52-week low serves as a critical indicator for the company's valuation and is a key point of focus for shareholders and potential investors assessing the company's market position and future prospects.
InvestingPro Insights
Alpine 4 Technologies Ltd (ALPP) continues to face significant challenges, as reflected in its recent stock performance. InvestingPro data shows that ALPP's market capitalization has dwindled to just $8.66 million, with the stock trading at a mere 25.55% of its 52-week high. This aligns with the article's mention of the stock reaching a new 52-week low.
InvestingPro Tips highlight several concerning factors for investors. The company is quickly burning through cash and suffers from weak gross profit margins, which could explain the stock's poor performance. Additionally, ALPP's net income is expected to drop this year, and analysts do not anticipate the company will be profitable in the near term.
The stock's valuation metrics also paint a sobering picture. With a Price to Book ratio of 0.46, ALPP is trading at a low multiple relative to its book value, potentially indicating that the market views the company's assets pessimistically. The negative operating income margin of -20.44% further underscores the company's profitability challenges.
For investors seeking a more comprehensive analysis, InvestingPro offers 11 additional tips that could provide deeper insights into ALPP's financial health and market position.
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