At the end of the latest market close, Live Oak Acquisition Corp. (LOAK) was valued at $10.90. In that particular session, Stock kicked-off at the price of $10.85 while reaching the peak value of $11.05 and lowest value recorded on the day was $10.75. The stock current value is $11.50.
Recently in News on October 8, 2020, SHAREHOLDER ALERT: WeissLaw LLP Investigates Live Oak Acquisition Corp.. WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Live Oak Acquisition Corp. (“LOAK” or the “Company”) (NYSE: LOAK) in connection with the Company’s proposed merger with privately-held biotech company Danimer Scientific (“Danimer”). Under the terms of the merger agreement, LOAK will acquire Danimer through a reverse merger that will result in Danimer becoming a publicly-listed company on the New York Stock Exchange under a new ticker symbol. The transaction implies an equity value of $890 million for Danimer. You can read further details here
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, Live Oak Acquisition Corp. shares are logging 4.07% during the 52-week period from high price, and 19.79% 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 $9.60 and $11.05.
The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 579682 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 Live Oak Acquisition Corp. (LOAK) recorded performance in the market was 12.95%, having the revenues showcasing 9.44% 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 269.56M.
The Analysts eye on Live Oak Acquisition Corp. (LOAK)
During the last month, 0 analysts gave the Live Oak Acquisition Corp. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
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 LOAK 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 Live Oak Acquisition Corp. (LOAK)
Raw Stochastic average of Live Oak Acquisition Corp. in the period of last 50 days is set at 96.67%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 96.67%. In the last 20 days, the company’s Stochastic %K was 95.04% and its Stochastic %D was recorded 93.41%.
Considering, the past performance of Live Oak 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 12.95%. The shares increased approximately by 7.50% in the 7-day charts and went down by 7.71% in the period of the last 30 days. Common stock shares were driven by 9.44% during last recorded quarter.