Why is New Providence Acquisition Corp. (NPA) up 26.43% from the day 1 this year?

At the end of the latest market close, New Providence Acquisition Corp. (NPA) was valued at $11.39. In that particular session, Stock kicked-off at the price of $11.69 while reaching the peak value of $12.88 and lowest value recorded on the day was $11.13. The stock current value is $12.63.

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Recently in News on April 1, 2021, New Providence Acquisition Corp. Stockholders Approve Business Combination with AST & Science. New Providence Acquisition Corp. (“New Providence”) (NASDAQ: NPA, NPAUU and NPAWW) today announced that its stockholders approved all proposals related to the previously announced business combination (the “Business Combination”) with AST & Science, LLC at a special meeting of stockholders held today. A Form 8-K disclosing the full voting results is expected to be filed with the Securities and Exchange Commission. You can read further details here

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New Providence Acquisition Corp. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $25.37 on 02/10/21, with the lowest value was $11.01 for the same time period, recorded on 03/05/21.

New Providence Acquisition Corp. (NPA) full year performance was 26.43%

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, New Providence Acquisition Corp. shares are logging -50.22% during the 52-week period from high price, and 29.54% 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 $9.75 and $25.37.

The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 1279051 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 New Providence Acquisition Corp. (NPA) recorded performance in the market was -7.00%, having the revenues showcasing -7.00% 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 372.08M, as it employees total of 3 workers.

Market experts do have their say about New Providence Acquisition Corp. (NPA)

During the last month, 0 analysts gave the New Providence 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.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 13.19, with a change in the price was noted +2.59. In a similar fashion, New Providence Acquisition Corp. posted a movement of +25.73% for the period of last 100 days, recording 1,670,523 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 NPA is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.

Technical breakdown of New Providence Acquisition Corp. (NPA)

Raw Stochastic average of New Providence Acquisition Corp. in the period of last 50 days is set at 11.28%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 46.11%. In the last 20 days, the company’s Stochastic %K was 22.63% and its Stochastic %D was recorded 16.78%.

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Bearing in mind the latest performance of New Providence Acquisition Corp., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -7.00%. Additionally, trading for the stock in the period of the last six months notably improved by 25.05%, alongside a boost of 26.43% for the period of the last 12 months. The shares increased approximately by 1.94% in the 7-day charts and went up by 1.12% in the period of the last 30 days. Common stock shares were lifted by -7.00% during last recorded quarter.

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