A Reversal for Alliance MMA, Inc. (AMMA) Is Not Near. The Stock Reaches 52-Week Low Today

July 16, 2018 - By Margaret Guttierez

The stock of Alliance MMA, Inc. (NASDAQ:AMMA) hit a new 52-week low and has $0.26 target or 6.00 % below today’s $0.28 share price. The 9 months bearish chart indicates high risk for the $4.12M company. The 1-year low was reported on Jul, 16 by Barchart.com. If the $0.26 price target is reached, the company will be worth $247,440 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 10.22% or $0.0316 during the last trading session, reaching $0.2775. About 654,892 shares traded or 39.56% up from the average. Alliance MMA, Inc. (NASDAQ:AMMA) has declined 61.13% since July 16, 2017 and is downtrending. It has underperformed by 73.70% the S&P500.

Another recent and important Alliance MMA, Inc. (NASDAQ:AMMA) news was published by Globenewswire.com which published an article titled: “The Rosen Law Firm, PA Announces Proposed Class Action Settlement on Behalf of Purchasers of Securities of …” on July 16, 2018.

Alliance MMA, Inc. focuses on mixed martial arts promotional activities. The company has market cap of $4.12 million. The company’s activities include live MMA event promotions, MMA content distribution, and sponsorships and promotion. It currently has negative earnings. It intends to create a developmental league for professional MMA fighters and a feeder organization to the Ultimate Fighting Championship (UFC); and to serve as a developmental organization for the UFC and other premier national MMA promotions.

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