At the end of the latest market close, Social Capital Hedosophia Holdings Corp. VI (IPOF) was valued at $10.37. In that particular session, Stock kicked-off at the price of $10.50 while reaching the peak value of $10.52 and lowest value recorded on the day was $10.2483. The stock current value is $10.28.
Recently in News on May 28, 2021, Social Capital Hedosophia Holdings Corp. VI Receives Expected Notice from the NYSE Regarding Delayed Filing of Quarterly Report. On April 12, 2021, the Acting Director of the Division of Corporation Finance and Acting Chief Accountant of the U.S. Securities and Exchange Commission (the “SEC”) together issued a statement regarding the accounting and reporting considerations for warrants issued by special purpose acquisition companies entitled “Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies (‘SPACs’)” (the “SEC Staff Statement”). As previously disclosed, given the scope of the process for determining the appropriate accounting treatment of its outstanding warrants in accordance with the SEC Staff Statement and Accounting Standards Codification (“ASC”) 815-40, Derivatives and Hedging: Contracts in an Entities Own Equity, Social Capital Hedosophia Holdings Corp. VI (“the Company”) was unable to complete and file its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2021 (the “Form 10-Q”) by the required due date without unreasonable effort and expense. 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, Social Capital Hedosophia Holdings Corp. VI shares are logging -42.28% during the 52-week period from high price, and 4.05% 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 $9.88 and $17.81.
The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 2024684 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 Social Capital Hedosophia Holdings Corp. VI (IPOF) recorded performance in the market was -16.42%, having the revenues showcasing -11.00% 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 1.48B.
The Analysts eye on Social Capital Hedosophia Holdings Corp. VI (IPOF)
During the last month, 0 analysts gave the Social Capital Hedosophia Holdings Corp. VI 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 11.96, with a change in the price was noted -4.68. In a similar fashion, Social Capital Hedosophia Holdings Corp. VI posted a movement of -31.28% for the period of last 100 days, recording 3,503,590 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 IPOF 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 Social Capital Hedosophia Holdings Corp. VI (IPOF)
Raw Stochastic average of Social Capital Hedosophia Holdings Corp. VI in the period of last 50 days is set at 29.63%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 60.66%. In the last 20 days, the company’s Stochastic %K was 78.90% and its Stochastic %D was recorded 78.95%.
Considering, the past performance of Social Capital Hedosophia Holdings Corp. VI, multiple 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 -16.42%. The shares increased approximately by 0.98% in the 7-day charts and went down by 2.19% in the period of the last 30 days. Common stock shares were lifted by -11.00% during last recorded quarter.