Avct Stock Forecast 2025: American Virtual Cloud Technologies, Inc., today announced that it has entered into definitive agreements with institutional investors for the purchase and sale of 5,000,000 shares of its common stock, pursuant to a registered direct offering priced at the market under Nasdaq rules, and warrants to purchase up to 10,000,000 Shares, in a concurrent private placement. The combined purchase price for one Share and one Warrant will be $2.00. The Warrants will have an exercise price of $1.80 per share, will be exercisable 45 days following the date of issuance, and will expire two years from the initial exercise date.
American Virtual Cloud Technologies Inc.
American Virtual Cloud Technologies Inc. operates as an IT solutions provider. The Company offers network communications, data storage, desktops, and servers, as well as provides licensing, management, software solutions, investments, managed IT, virtualization, storage, networking, and data center services. American Virtual Cloud Technologies serves clients in the United States.
AVCT Signals & Forecast
There are few to no technical positive signals at the moment. The American Virtual Cloud Technologies Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.684 and $1.02. A break-up above any of these levels will issue buy signals.
A sell signal was issued from a pivot top point on Friday, January 20, 2023, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3-month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible “turning point”. The very low volume increases the risk and reduces the other technical signals issued.
How to buy AVCT stock on Public
Step 1: Sign up for a brokerage account on Public
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Step 3: Choose how much you’d like to invest in AVCT stock
Navigate to the Explore page. Then, type AVCT into the search bar. When you see AVCT stock appear in the results, tap it to open up the purchase screen.
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Avct Stock Forecast 2025 With Price Prediction
Avct Stock Forecast for 2023 I American Virtual Cloud Price Prediction 2023
From the AI system, the total return is 2366.52% from 4098 forecasts. For the American Virtual Cloud Technologies stock forecast for 2023, 9 predictions are offered for each month of 2023 with an average American Virtual Cloud Technologies stock forecast of $0.08, a high forecast of $0.11, and a low forecast of $0.05. The average American Virtual Cloud Technologies stock forecast for 2023 represents a 31.97% decrease from the last price of $0.119800001382828.
Avct Stock Forecast for 2024 I American Virtual Cloud Price Prediction 2024
For the American Virtual Cloud Technologies stock forecast for 2024, 12 predictions are offered for each month of 2024 with an average American Virtual Cloud Technologies stock forecast of $0.07, a high forecast of $0.1, and a low forecast of $0.04. The average American Virtual Cloud Technologies stock forecast for 2024 represents a 39.18 % decrease from the last price of $0.119800001382828.
Avct Stock Forecast 2025 I American Virtual Cloud Price Prediction 2025
Avct Stock Forecast 2025: For the American Virtual Cloud Technologies stock forecast for 2025, 12 predictions are offered for each month of 2025 with an average American Virtual Cloud Technologies stock forecast of $0.09, a high forecast of $0.1, and a low forecast of $0.08. The average American Virtual Cloud Technologies stock forecast for 2025 represents a 26.31 % decrease from the last price of $0.119800001382828.
Avct Stock Forecast for 2028 I American Virtual Cloud Price Prediction 2028
For the American Virtual Cloud Technologies stock forecast for 2028 (5 years), 12 predictions are offered for each month of 2028 with an average American Virtual Cloud Technologies stock forecast of $0.09, a high forecast of $0.1, and a low forecast of $0.08. The average American Virtual Cloud Technologies stock forecast for 2028 represents a 26.56 % decrease from the last price of $0.119800001382828.
Avct Stock Forecast for 2031 I American Virtual Cloud Price Prediction 2031
For the American Virtual Cloud Technologies stock forecast for 2031, 12 predictions are offered for each month of 2031 with an average American Virtual Cloud Technologies stock forecast of $0.13, a high forecast of $0.14, and a low forecast of $0.11. The average American Virtual Cloud Technologies stock forecast for 2031 represents a 10.18% increase from the last price of $0.119800001382828.
Avct Stock Forecast for 2033 I American Virtual Cloud Price Prediction 2033
For the American Virtual Cloud Technologies stock forecast for 2033 (10 years), 3 predictions are offered for each month of 2033 with an average American Virtual Cloud Technologies stock forecast of $0.1, a high forecast of $0.1, and a low forecast of $0.1. The average American Virtual Cloud Technologies stock forecast for 2033 represents a 16.32 % decrease from the last price of $0.119800001382828. Please, see more forecasts below.
Why Was AVCT Delisted From NASDAQ?
American Virtual Cloud Technologies (AVCT) was delisted from the Nasdaq for two reasons:
Bankruptcy: AVCT filed for Chapter 11 bankruptcy on January 11, 2023. This is a voluntary bankruptcy proceeding that allows a company to reorganize its debts and continue operating. However, it also means that the company is not meeting its financial obligations to its creditors. Nasdaq has a rule that prohibits companies that have filed for bankruptcy from trading on its exchange.
Failure to meet continued listing requirements: In addition to filing for bankruptcy, AVCT also failed to meet other continued listing requirements on the Nasdaq. For example, the company’s stock price had been trading below $1.00 per share for an extended period of time.
The Nasdaq delisting process began when AVCT received a delisting notice from Nasdaq on January 6, 2023. This notice gave AVCT a chance to appeal the delisting decision, but the company chose not to do so. As a result, AVCT’s stock was delisted from the Nasdaq on May 23, 2023.
What’s Next for AVCT Stock?
What’s Next for AVCT Stock?: If the last couple of days are anything to go off of, American Virtual Cloud Technologies is going to see the price of its shares continue to fall. Not only did the stock lose roughly half its value over the last two days, it’s also down another 14.1% as of Friday afternoon. All of this comes as shares of AVCT stock see heavy trading today. As of this writing, some 4 million shares have changed hands. That’s already above the daily average trading volume of about 3.8 million shares. Investors seeking out more of the latest stock market news for Friday will want to stick around!
Investing Ideas To Build Portfolios
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Consideration For Investing In American Stock
If you are still planning to invest in American Virtual Cloud check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the American Virtual’s history and understand the potential risks before investing.
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American Virtual Cloud News & Analysis
American Virtual Cloud earnings beat, Revenue misses in Q2
American Virtual Cloud reported on Wednesday second-quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations. American Virtual Cloud announced earnings per share of $-2.270 on revenue of $4.74M. Analysts polled by Investing.com anticipated EPS of $-10.200 on revenue of $25.97M. American Virtual Cloud shares are down 97% from the beginning of the year and are trading at $0.960, down-from-52-week-high.
American Virtual Cloud follows other major Information Technology sector earnings this month. American Virtual Cloud’s report follows an earnings missed by NVIDIA on Wednesday, November 16, 2022, who reported EPS of $0.58 on revenue of $5.93B, compared to forecasted EPS of $0.71 on revenue of $5.8B. Cisco beat expectations on Wednesday, November 16, 2022, with first quarter EPS of $0.86 on revenue of $13.6B, compared to forecast for EPS of $0.84 on revenue of $13.29B.
American Virtual Cloud Technologies Continues Thursday’s Climb
American Virtual Cloud Technologies Inc. shares rose 29% on Friday after gaining 82.5% a day earlier. On Thursday, the global IT solutions provider announced significant projected revenue growth, which the company said is driven by a 505% year-over-year subscriber growth from January 2019.
Friday’s session saw the company’s shares touched a high of $3.13, helped by the announcement that AVCT’s Kandy Communications business unit and Braidio, a customer engagement platform, have expanded their partnership. The partnership is for an 80,000-user telehealth application and a pet wellness application by a premier veterinary hospital system in the U.S., servicing over 25,000 customers. Chuck Canton, president of Kandy explained that Braidio “brings significant expertise in industry-specific applications that leverage our Communication Platform as a Service capability.”
AVCT Announces Intent to Effect Reverse Stock Split
American Virtual Cloud Technologies, Inc. today announces that it intends to effect a 1-for-15 reverse stock split of its issued and outstanding shares of common stock. The Company’s common stock will continue to trade on the Nasdaq Capital Market under the symbol “AVCT.” The new CUSIP number for the common stock following the Reverse Stock Split will be 030382204.
The Reverse Stock Split will become effective on September 30, 2022, upon filing with the Delaware Secretary of State an amendment to the Company’s amended and restated certificate of incorporation, and the Company’s common stock is expected to begin trading on a split-adjusted basis when the market opens on October 3, 2022.
AVCT Announces Board and Management Changes Along With Review of Strategic Alternatives
American Virtual Cloud Technologies, Inc. today announces changes to its board of directors and management team, along with the launch of a review to explore the sale of the entire business or selected assets. As part of this shift, the Company announced that Kevin Keough has been named as Chief Executive Officer. Tom King will shift from the role of Chief Financial Officer to Chief of Staff, on an interim basis, reporting to Mr. Keough.
Effective September 1, 2022, Adrian Foltz and Onex Evans have been promoted to the roles of Chief Financial Officer and Chief Accounting Officer, respectively, both reporting to Mr. Keough. Michael Tessler has stepped down from the board of directors and Larry Mock has been appointed to his previous role as chairman of the board. Former CEO Darrell Mays will continue to serve the Company as Executive Vice Chairman of the Board.
AVCT Announces Senior Secured Convertible Note Agreement
American Virtual Cloud Technologies, Inc. today announced that it has entered into a securities purchase agreement for the sale of a new series of senior secured convertible notes to an institutional investor, subject to customary closing conditions. The proceeds, after the original issue discount, will total $10 million, before payment of commissions and expenses.
Provided no Event of Default has occurred, the Notes will not accrue interest, and the Company will be required to redeem $800,000 of the outstanding amounts under the Notes each month commencing August 1, 2022, until the maturity date of October 1, 2023, at which time all outstanding amounts remaining, if any, will be due and payable in full.
AVCT Announces Closing of Divestiture of Computex Technology Solutions to Calian Group Ltd.
American Virtual Cloud Technologies, Inc., a trusted partner providing best-in-class cloud-based solutions to global enterprise customers, today announced it has successfully closed the sale of its Computex Technology Group business to Calian Group Ltd., completing AVCT’s transition to a pure-play cloud communications and collaboration company, centered on its premium Kandy platform. The proceeds from the sale leave AVCtechnologies debt-free.
AVCT’s Kandy platform, which it acquired in December 2020, is one of the largest pure-play providers of cloud communications services for enterprise customers and has consistently generated above-market revenue growth rates. Darrell J. Mays, CEO of AVCT, said “Our white-label relationships with key telecommunication companies and technology vendors, global carrier-grade connectivity, and proven SD-WAN integration position AVCT as a premier cloud communications provider poised to gain market share.”
AVCT Announces Securities Purchase Agreement
American Virtual Cloud Technologies, Inc. today announced that it has entered into a securities purchase agreement for the sale of equity securities to an institutional investor. The net proceeds, after the original issue discount, will total $15 million initially, plus an additional $5 million subject to the satisfaction of certain conditions, including receipt of stockholder approval pursuant to Nasdaq listing rules. AVCT will issue shares of a new series of convertible preferred stock, together with warrants, pursuant to the terms of the securities purchase agreement.
AVCT Stock Alert: Is American Virtual Cloud the Next Big Squeeze?
- American Virtual Cloud Technologies (AVCT) stock is still falling after its bankruptcy filing.
- This has seen the stock lose more than half its value over the last two days.
- It doesn’t look like a short squeeze is coming to save AVCT stock any time soon.
American Virtual Cloud Technologies stock is on the minds of traders with some wondering what’s next for the company. Yesterday, American Virtual Cloud Technologies filed for bankruptcy. That sent shares lower as investors reacted to the news. However, it also sparked the idea that AVCT stock could be the next big short squeeze. Is it likely that AVCT stock will undergo a squeeze?
The short answer is no. While other companies caught up in bankruptcy news have seen the price of their stocks soar, that doesn’t seem likely for AVCT stock. One of the biggest reasons for that is the lack of interest in the company. As of this writing, Fintel reports a short interest of just 7.6% for AVCT stock. That doesn’t appear high enough for traders to jump on the stock as a short squeeze opportunity.
The idea of an upcoming acquisition has AVCT stock seeing heavy trading today. As of Wednesday morning, some 33 million shares of the stock have changed hands. That’s a massive jump from the company’s daily average trading volume of about 11.9 million shares.
Keeping that in mind, here’s what traders need to know about this meme penny stock!
- American Virtual Cloud Technologies is a UCaaS, cybersecurity, and IT solutions company.
- It has more than 900 enterprise customers, which includes over 350 managed services clients.
- The company’s goal is to be the best option in “reliable and secure managed cloud services, hardware, and software.”
- Leading American Virtual Cloud Technologies is CEO Darrell Mays.
- Prior to joining the company, he served in an executive role at MasTec from 2008 to 2016.
- He took up that position after MasTec acquired his wireless startup in August 2008.
- American Virtual Cloud Technologies currently has a market capitalization of $168.683 million.
Avct Stock vs Uber Stock: The 40 analysts offering 12-month price forecasts for Uber Technologies Inc. have a median target of 61.00, with a high estimate of 75.00 and a low estimate of 52.00. The median estimate represents a +10.19% increase from the last price of 55.36.
Conclusion: Is AVCT a Good Investment?
AVCT is not a good investment. The company filed for bankruptcy in January 2023 and its stock was delisted from the Nasdaq in May 2023. As a result, AVCT stock is no longer worth anything. Even if the company were still in business, there are many reasons why AVCT would not be a good investment. The company has a history of financial losses, and it operates in a competitive market. Additionally, the company’s management team has a history of making poor decisions. If you are looking for a good investment, better to look elsewhere. There are many other companies that are more likely to generate positive returns for investors.
Avct Stock vs Carnival Stock: Carnival stock has received a consensus rating of buy. The average rating score is and is based on 35 buy ratings, 17 hold ratings, and 13 sell ratings. The low in the last 52 weeks of Carnival stock was 7.53.
Avct Stock Forecast 2025, Frequently Asked Questions (FAQs)
The analyst consensus target price for shares in Avacta is 136.33p.
Number of shares outstanding as of November 2023: 11,257,362. According to American Virtual Cloud’s latest financial reports and stock price, the company’s current number of shares outstanding is 11,257,362. At the end of 2022, the company had 11,257,362 shares outstanding.
Does AVCT pay dividends?
Avacta Group PLC does not pay a dividend.
How do I buy stock in AVCT?
1. Sign up for a brokerage account on Public. It’s easy to get started.
2. Add funds to your Public account.
3. Choose how much you’d like to invest in AVCT stock.
4. Manage your investments in one place.
Why is AVCT stock dropping?
American Virtual Cloud Technologies (AVCT) stock is falling as it files for bankruptcy. Two of the company’s subsidiaries are also filing for bankruptcy. The company is considering strategic alternatives, such as an asset sale.
What is the company profile of AVCT?
American Virtual Cloud Technologies, Inc operates as an IT solutions provider. The Company offers network communications, data storage, desktops, and servers, as well as provides licensing, management, software solutions, investments, managed IT, virtualization, storage, networking, and data center services.
What is the annual revenue of AVCT?
Revenue in 2022 (TTM): -$49.64 M – According to American Virtual Cloud’s latest financial reports the company’s current revenue (TTM) is -$49.64 M. In 2021 the company made a revenue of $20.04 M a decrease over the year’s 2020 revenue that was of $87.61 M.
What happened to American Virtual Cloud?
American Virtual Cloud Technologies Files for Chapter 11 Bankruptcy; Shares Fall -January 11, 2023 at 09:52 am EST | MarketScreener. AMERICAN VIRTUAL CLOUD TECHNOLOGIES, INC.
Is American Virtual Cloud Technologies being bought out?
First Amended Combined Liquidation Plan and Disclosure Statement Filed by American Virtual Cloud Technologies, Inc. ZephyrTel, Inc. (Skyvera, LLC) completed the acquisition of substantially all of the assets of American Virtual Cloud Technologies, Inc.
When did AVCT split?
The stock split occurred on October 3rd, 2022. One AVCT share bought prior to October 3rd, 2022 would equal 0.066666666666667 AVCT shares today.
Did AVCT do a reverse split?
This was a 1 for 15 reverse split, meaning for every 15 shares of AVCT owned pre-split, the shareholder now owned 1 share.
How many employees does American Virtual Cloud Technologies have?
AVCtechnologies has 356 employees.
