At the end of the latest market close, Kensington Capital Acquisition Corp. (KCAC) was valued at $20.14. In that particular session, Stock kicked-off at the price of $21.50 while reaching the peak value of $22.47 and lowest value recorded on the day was $19.51. The stock current value is $22.05.
Recently in News on November 19, 2020, Kensington Capital Acquisition Corp. and QuantumScape Corporation Announce Final Exchange Ratio for Proposed Business Combination. Kensington Capital Acquisition Corp. (NYSE: KCAC) (“Kensington”) and QuantumScape Corporation (“QuantumScape”) today announced that they have determined the exchange ratio to be 4.02175014920 as of the anticipated date for Closing (as defined below) in accordance with the terms of the Business Combination Agreement, dated as of September 2, 2020, as amended by Amendment No. 1 to Business Combination Agreement, dated as of September 21, 2020 (as so amended, the “Business Combination Agreement”), among Kensington, Kensington Merger Sub Corp. and QuantumScape, pursuant to which, among other things, Kensington and QuantumScape will enter into a business combination. Capitalized terms used in this press release but not otherwise defined herein have the meanings given to them in the Business Combination Agreement. You can read further details here
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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, Kensington Capital Acquisition Corp. shares are logging -14.37% during the 52-week period from high price, and 126.39% 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 $9.74 and $25.75.
The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 3586254 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Kensington Capital Acquisition Corp. (KCAC) recorded performance in the market was 122.73%, having the revenues showcasing 124.77% 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 507.15M.
Specialists analysis on Kensington Capital Acquisition Corp. (KCAC)
During the last month, 0 analysts gave the Kensington Capital 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.
Trends and Technical analysis: Kensington Capital Acquisition Corp. (KCAC)
Raw Stochastic average of Kensington Capital Acquisition Corp. in the period of last 50 days is set at 96.26%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 96.26%. In the last 20 days, the company’s Stochastic %K was 91.18% and its Stochastic %D was recorded 81.83%.
Now, considering the stocks previous presentation, 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 122.73%. The shares 12.10% in the 7-day charts and went down by 58.98% in the period of the last 30 days. Common stock shares were driven by 124.77% during last recorded quarter.