American Virtual Cloud Technologies, Inc. (AVCT)

NASDAQ: AVCT · IEX Real-Time Price · USD
0.229
+0.045 (24.12%)
At close: Aug 12, 2022 4:00 PM
0.240
+0.011 (4.629%)
After-hours: Aug 12, 2022 7:59 PM EDT
24.12%
Market Cap 25.29M
Revenue (ttm) -3.02M
Net Income (ttm) -152.64M
Shares Out 110.43M
EPS (ttm) -2.89
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 22,957,397
Open 0.183
Previous Close 0.185
Day's Range 0.179 - 0.238
52-Week Range 0.160 - 4.970
Beta 1.32
Analysts Buy
Price Target 7.14 (+3,017.9%)
Earnings Date n/a

About AVCT

American Virtual Cloud Technologies, Inc., a pure-play cloud communications and collaboration company, provides cloud-based enterprise services worldwide. The company's Kandy cloud communications platform is a cloud-based, real-time communications platform, which offers proprietary unified communications as a service, communications platform as a service, contact center as a service, Microsoft Teams Direct Routing as a Service, and SIP Trunking as a Service capabilities. Its cloud-based, real-time communications platform enables service provide... [Read more...]

Industry IT Services
Founded 1987
Employees 356
Stock Exchange NASDAQ
Ticker Symbol AVCT
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for AVCT stock is "Buy." The 12-month stock price forecast is 7.14, which is an increase of 3,017.90% from the latest price.

Price Target
$7.14
(3,017.90% upside)
Analyst Consensus: Buy
Stock Forecasts

News

5 Stocks Under $2 Insiders Are Aggressively Buying

US crude oil futures traded higher this morning on Wednesday. Investors, meanwhile, focused on some notable insider trades.

Other symbols: BODYOTRKSMFRVHC

AVCT Names New Chief Product Officer and Chief Revenue Officer To Focus On Cloud Collaboration Through The Kandy Plat...

ATLANTA, May 03, 2022 (GLOBE NEWSWIRE) -- American Virtual Cloud Technologies, Inc. (Nasdaq: AVCT) (the “Company”) today announced several changes to its management team, including the addition of two n...

AVCT Announces Senior Secured Convertible Note Agreement

Net proceeds to be used to strengthen balance sheet for first year as a “pure-play” converged communications company Net proceeds to be used to strengthen balance sheet for first year as a “pure-play” c...

Kandy Communications to Highlight its Cloud Communications Solutions for Enterprise at Enterprise Connect Conference ...

ATLANTA, March 21, 2022 (GLOBE NEWSWIRE) -- American Virtual Cloud Technologies, Inc.'s (Nasdaq: AVCT) Kandy Communications business unit (Kandy), a global leader in secure and intelligent cloud communi...

Kandy Joins Project “CAMARA - The Telco Global API Alliance”

Project to address industry API interoperability in collaboration with GSMA and the Linux Foundation Project to address industry API interoperability in collaboration with GSMA and the Linux Foundation

AVCT Announces Closing of Divestiture of Computex Technology Solutions to Calian Group Ltd.

The sale will complete AVCT's transition to a pure-play cloud communications and collaboration company, centered on its premium Kandy platform and further strengthen its financial position The sale will...

AT&T Elevates Customer Engagement with IPTF Click-to-Connect from Kandy

IPTF Click-to-Connect Gives All Businesses Access to Omnichannel Experience to Traditional Toll-free Calls IPTF Click-to-Connect Gives All Businesses Access to Omnichannel Experience to Traditional Toll...

AVCT Announces Securities Purchase Agreement

Net proceeds combined with anticipated Computex sale net proceeds expected to be used to eliminate debt. Net proceeds combined with anticipated Computex sale net proceeds expected to be used to eliminat...

SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating American Virtual Cloud Technologies, Inc. for Poten...

NEW YORK, Feb. 22, 2022 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty cl...

AVCtechnologies To Divest Computex Tech Business To Calian

American Virtual Cloud Technologies Inc (NASDAQ: AVCT) agreed to sell its Computex Technology Group business to Calian Group Ltd. The financial terms of the transaction remain undisclosed.

AVCtechnologies Announces Definitive Agreement to Divest Computex Technology Solutions to Focus on Kandy Platform

The sale will also further strengthen AVCtechnologies' financial position The sale will also further strengthen AVCtechnologies' financial position

American Virtual Cloud is Not Worth the Headache

The cloud computing and software industries are in steep market corrections right now. So stick to leaders rather than trying to buy AVCT stock.

Short Squeeze Stocks: ISIG, PIXY and 3 Others Experts Think Are Ready to Pop

These five top short squeeze stocks are worth a close look from retail investors looking for opportunities in an otherwise down market. The post Short Squeeze Stocks: ISIG, PIXY and 3 Others Experts Thi...

Other symbols: ISIGPIXYRELIMBOT

Kandy Will Bring American Virtual Cloud Technologies Sweet Profits

Since its cloud-communications business unit has hyper-growth potential, AVCT stock is poised to break through the penny-stock barrier. The post Kandy Will Bring American Virtual Cloud Technologies Swee...

Short Squeeze Stocks: ISIG, RELI and 3 Others Experts Think Are Ready to Pop

These five top short squeeze stocks are among the top speculative plays investors and traders are watching in today's market. The post Short Squeeze Stocks: ISIG, RELI and 3 Others Experts Think Are Rea...

Other symbols: ISIGRELIENSCPTPI

5 Short Squeeze Candidates To Watch: Insignia Systems, American Virtual Cloud Top List Again, Reliance Global Rejoins

Potential short squeeze plays gained steam in 2021 with new retail traders looking for the next huge move. A short squeeze can occur when a heavily shorted stock rises in value instead of falling.

Other symbols: ISIGENSCPTPIRELI

AVCtechnologies Welcomes Michael Tessler to its Board as Chairman

ATLANTA, Jan. 07, 2022 (GLOBE NEWSWIRE) -- American Virtual Cloud Technologies, Inc. (AVCtechnologies) (Nasdaq: AVCT), a premier global IT solutions and cloud communications provider, today announced th...

Short Squeeze Stocks: ISIG, AVCT and 5 Others Experts Think Are Ready to Pop

As the new year kicks off, investors are looking forward to another positive year in the markets. And interest in short squeeze stocks has not waned.

AVCtechnologies Announces Filing of Resale Registration Statement as Part of Funding Plan

ATLANTA, Jan. 03, 2022 (GLOBE NEWSWIRE) -- American Virtual Cloud Technologies (AVCtechnologies; Nasdaq: AVCT) announced that it has filed a resale registration statement on Form S-3 as part of several ...

Kandy and Etisalat Report Record Growth in the Adoption of Unified Communications (UCaaS and CPaaS) Solutions in the ...

Etisalat expands CloudTalk Enterprise Collaboration Solutions with innovative real time communications capabilities for vertical industry sectors powered by Kandy's growing global partner ecosystem Etis...

AVCT Stock: 7 Things to Know About Meme Penny Stock American Virtual Cloud Technologies as Shares Surge Today

American Virtual Cloud Technologies (AVCT) stock is taking off on Wednesday despite a lack of news and we're diving into the reasons why! The post AVCT Stock: 7 Things to Know About Meme Penny Stock Ame...

Kandy Expands Full PSTN Replacement Services to 40 Countries

Kandy's Global PSTN voice capabilities now available to countries representing 78% of the world's GDP Kandy's Global PSTN voice capabilities now available to countries representing 78% of the world's GDP

AVCtechnologies Announces Securities Purchase Agreement

ATLANTA, Dec. 14, 2021 (GLOBE NEWSWIRE) -- American Virtual Cloud Technologies, Inc. (“AVCtechnologies” or the “Company”) (Nasdaq: AVCT) today announced that it has entered into a securities purchase ag...

AVCT Stock: Why American Virtual Cloud Technologies Is Skyrocketing Today

American Virtual Cloud Technologies (AVCT) stock is taking off on Friday after announcing a new agreement for Kandy Communications. The post AVCT Stock: Why American Virtual Cloud Technologies Is Skyroc...

Why Are American Virtual Cloud Tech Shares Trading Higher Today?

American Virtual Cloud Technologies Inc's (NASDAQ: AVCT) Kandy Communications business unit and mobile customer engagement platform Braidio expanded their partnership. The collaboration aims to power ne...