Alpine 4 Holdings Inc (ALPP) Stock Extends Rally: Up 60% in a Week

Alpine 4 Holdings Inc (OTCMKTS:ALPP) stock continues to trade on Tuesday, extending its weeklong rally. By the afternoon session, ALPP stock is up by over 15% to $4.10 with more than 1.148 million shares traded hands. In fact, the stock has gained over 60% over the past week.

On April 15th, the company said that its revenue for 2020 grew at a rate of 19% year-over-year. The company’s CEO that “our revenue should have grown to $47 million, which would have been 64% growth over 2019, but COVID 19 had other plans for the global economic outlook.”

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Moreover, the Company projects to report its shareholder equity to grow to $40 million in Q1 2021.

ALPP stock was one of the notable penny stock gainers earlier this year when the stock went up over 240% in 5 weeks and made a new high of $9.49 in February. However, the stock topped out in early February and fell back to as low as $2.50 last week.

ALPP stock is still up 8000% from its 52-week low of $0.05.

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Michael Rowels

Weekend Contributor. Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.