Let’s start up with the current stock price of Netfin Acquisition Corp. (NFIN), which is $10.50 to be very precise. The Stock rose vividly during the last session to $10.35 after opening rate of $10.34 while the lowest price it went was recorded $10.25 before closing at $10.33.
Recently in News on August 24, 2020, Netfin Acquisition Corp. and Triterras Fintech Pte Ltd. Deliver Business Presentation to SPACInsider Subscribers. Netfin Acquisition Corp. (Nasdaq: NFIN, NFINW) (“Netfin” or the “Company”), a special purpose acquisition company targeting businesses in the fintech industry, and Triterras Fintech Pte Ltd. (“Triterras Fintech”), a leading fintech company for commodity trading and trade finance, delivered a presentation on their proposed business combination to subscribers of SPACInsider, a leading, web-based data resource platform dedicated to the SPAC asset class. You can read further details here
The 1-year high price for the company’s stock is recorded $11.39 on 07/17/20, with the lowest value was $8.70 for the same time period, recorded on 03/17/20.
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Netfin Acquisition Corp. shares are logging -7.81% during the 52-week period from high price, and 20.69% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $8.70 and $11.39.
The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 1016642 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Netfin Acquisition Corp. (NFIN) recorded performance in the market was 3.82%, having the revenues showcasing 3.82% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 335.00M.
The Analysts eye on Netfin Acquisition Corp. (NFIN)
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 10.18, with a change in the price was noted +0.52. In a similar fashion, Netfin Acquisition Corp. posted a movement of +5.24% for the period of last 100 days, recording 440,237 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for NFIN is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Technical rundown of Netfin Acquisition Corp. (NFIN)
Raw Stochastic average of Netfin Acquisition Corp. in the period of last 50 days is set at 29.85%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 92.68%. In the last 20 days, the company’s Stochastic %K was 61.95% and its Stochastic %D was recorded 38.42%.
Considering, the past performance of Netfin Acquisition Corp., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 3.82%. The shares increased approximately by 1.37% in the 7-day charts and went up by -2.82% in the period of the last 30 days. Common stock shares were driven by 3.82% during last recorded quarter.