Let’s start up with the current stock price of CIIG Merger Corp. (CIIC), which is $28.79 to be very precise. The Stock rose vividly during the last session to $33.4498 after opening rate of $29.8037 while the lowest price it went was recorded $29.50 before closing at $31.38.
Recently in News on November 19, 2020, SHAREHOLDER ALERT: WeissLaw LLP Investigates CIIG Merger Corp.. WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of CIIG Merger Corp. (“CIIG” or the “Company”) (NASDAQ: CIIC) in connection with the Company’s proposed merger with Arrival S.à r.l. (“Arrival”), a privately-held electric vehicle company. Under the terms of the merger agreement, CIIG will acquire Arrival through a reverse merger that will result in Arrival becoming a public company traded on the NASDAQ Capital Market under the new ticker symbol “ARVL.” The transaction values the combined company at an implied enterprise value of approximately $5.4 billion. You can read further details here
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .
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, CIIG Merger Corp. shares are logging -22.57% during the 52-week period from high price, and 209.57% 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 $9.30 and $37.18.
The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 1503141 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 CIIG Merger Corp. (CIIC) recorded performance in the market was 215.38%, having the revenues showcasing 212.24% 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 803.01M.
The Analysts eye on CIIG Merger Corp. (CIIC)
During the last month, 0 analysts gave the CIIG Merger 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.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 12.58, with a change in the price was noted +19.12. In a similar fashion, CIIG Merger Corp. posted a movement of +195.10% for the period of last 100 days, recording 2,129,642 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 CIIC 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 CIIG Merger Corp. (CIIC)
Raw Stochastic average of CIIG Merger Corp. in the period of last 50 days is set at 69.70%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 69.70%. In the last 20 days, the company’s Stochastic %K was 76.35% and its Stochastic %D was recorded 81.66%.
Considering, the past performance of CIIG Merger 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 215.38%. The shares increased approximately by 45.61% in the 7-day charts and went down by 209.16% in the period of the last 30 days. Common stock shares were driven by 212.24% during last recorded quarter.