ADN Stock Summary and Trading Ideas (Advent Technologies Hldgs | NASDAQ:ADN)

Advent Technologies Holdings Inc is an innovation-driven company in the fuel cell and hydrogen technology space. The company develops, manufactures, and assembles complete fuel cell systems and the critical components that determine the performance of hydrogen fuel cells and other energy systems. It serves automotive; aviation and power generation industries. It generates revenue from the sale of fuel cell systems and the sale of MEAs, membranes, and electrodes for specific applications in the fuel cell and energy storage (flow battery) markets.

Advent Technologies Hldgs trades on the NASDAQ stock market under the symbol ADN.

As of April 22, 2024, ADN stock price was flat at $0.17 with 372,092 million shares trading.

ADN has a beta of 2.31, meaning it tends to be more sensitive to market movements. ADN has a correlation of 0.07 to the broad based SPY ETF.

ADN has a market cap of $11.97 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, ADN stock traded as high as $12.67 and as low as $.15.

The top ETF exchange traded funds that ADN belongs to (by Net Assets): VTI, VXF, CCSO.

ADN has underperformed the market in the last year with a price return of -78.4% while the SPY ETF gained +22.9%. However, in the short term, ADN had mixed performance relative to the market. It has outperformed in the last 3 months, returning +5.6% vs +3.7% return in SPY. But in the last 2 weeks, ADN shares have been beat by the market, returning -11.8% compared to an SPY return of -3.7%.

ADN support price is $.16 and resistance is $.18 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ADN stock will trade within this expected range on the day.