AEAE Stock Summary and Trading Ideas (Altenergy Acquisition Corp. - Class A | NASDAQ:AEAE)

AltEnergy Acquisition Corp is a blank check company.

Altenergy Acquisition Corp. - Class A trades on the NASDAQ stock market under the symbol AEAE.

As of March 27, 2023, AEAE stock price climbed to $10.36 with 5,559 million shares trading.

AEAE has a beta of -0.02, meaning it tends to be less sensitive to market movements. AEAE has a correlation of 0.05 to the broad based SPY ETF.

AEAE has a market cap of $297.85 million. This is considered a Small Cap stock.

AEAE has outperformed the market in the last year with a return of +4.3%, while the SPY ETF lost -10.3%. However, in the most recent history, AEAE shares have underperformed the stock market with its stock returning +2.1% in the last 3 month period and 0.0% for the last 2 week period, while SPY has returned +4.2% and +3.4%, respectively.

AEAE support price is $10.34 and resistance is $10.37 (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 AEAE stock will trade within this expected range on the day.