ALSA Stock Summary and Trading Ideas (Alpha Star Acquisition - | NASDAQ:ALSA)

Alpha Star Acquisition Corp is a blank check company.

Alpha Star Acquisition - trades on the NASDAQ stock market under the symbol ALSA.

As of April 18, 2024, ALSA stock price was flat at $11.34 with 9,295 million shares trading.

ALSA has a beta of 0.04, meaning it tends to be less sensitive to market movements. ALSA has a correlation of 0.01 to the broad based SPY ETF.

ALSA has a market cap of $139.12 million. This is considered a Micro Cap stock.

ALSA has underperformed the market in the last year with a return of +7.7%, while the SPY ETF gained +22.3%. In the last 3 month period, ALSA fell short of the market, returning +1.0%, while SPY returned +6.1%. However, in the most recent 2 weeks ALSA has outperformed the stock market by returning +0.4%, while SPY returned -3.8%.

ALSA support price is $11.32 and resistance is $11.36 (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 ALSA stock will trade within this expected range on the day.