ALPP Stock Summary and Trading Ideas (Alpine 4 Holdings - Class A | NASDAQ:ALPP)

Alpine 4 Holdings Inc is a holding company that acquires businesses in several industry segments namely Aerospace, Battery Tech, Defense Services, Technology, and Manufacturing, as either a Driver, Stabilizer, or Facilitator from the company's disruptive DSF business model. It focuses on how the incorporation of new technologies can drive innovation even in brick-and-mortar businesses, with an understanding of how technology and innovation can enhance businesses.

Alpine 4 Holdings - Class A trades on the NASDAQ stock market under the symbol ALPP.

As of April 18, 2024, ALPP stock price was flat at $0.76 with 62,881 million shares trading.

ALPP has a beta of 2.48, meaning it tends to be more sensitive to market movements. ALPP has a correlation of 0.06 to the broad based SPY ETF.

ALPP has a market cap of $20.58 million. This is considered a Sub-Micro Cap stock.

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

ALPP stock has underperformed the market in the last year with a return of -81.8%, while SPY returned +22.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ALPP shares. However, ALPP has outperformed the market in the last 3 month and 2 week periods, returning +21.1% and +1.4%, while SPY returned +6.1% and -3.8%, respectively. This indicates ALPP has been having a stronger performance recently.

ALPP support price is $.72 and resistance is $.80 (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 ALPP stock will trade within this expected range on the day.