Tech stock American Virtual Cloud (AVCT) is trading near its 52-week low. Although it looks dirt cheap, this fundamentally weak stock might be best avoided amid the heightened market volatility. Keep reading….
American Virtual Cloud Technologies, Inc. (AVCT) is a pure-play cloud communications and collaboration company providing cloud-based enterprise services worldwide. The company’s Kandy cloud communications platform is a cloud-based, real-time communications platform.
AVCT is currently trading near its 52-week low of $0.13, which it hit on August 23, 2022. It is trading 95.6% below its 52-week high of $3.79, which it hit on September 10, 2021. Over the past month, the stock has gained marginally to close the last trading session at $0.17.
