At the end of the latest market close, Atlas Crest Investment Corp. (ACIC) was valued at $9.57. In that particular session, Stock kicked-off at the price of $9.58 while reaching the peak value of $10.535 and lowest value recorded on the day was $9.56. The stock current value is $10.19.Recently in News on September 14, 2021, Atlas Crest Investment Corp. Shareholders Approve Business Combination with Archer Aviation Inc.. Atlas Crest Investment Corp. (NYSE: ACIC) (“Atlas Crest”), a special purpose acquisition company, announced that its stockholders approved all proposals related to the previously announced business combination (the “Business Combination”) with Archer Aviation Inc. (“Archer”) at a special meeting of stockholders held today (the “Special Meeting”). A Current Report on Form 8-K disclosing the full voting results will be filed with the Securities and Exchange Commission. 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, Atlas Crest Investment Corp. shares are logging -45.22% during the 52-week period from high price, and 15.93% 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 $8.79 and $18.60.
The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 3276357 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 Atlas Crest Investment Corp. (ACIC) recorded performance in the market was 1.29%, having the revenues showcasing 2.72% 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 640.24M.
Specialists analysis on Atlas Crest Investment Corp. (ACIC)
During the last month, 0 analysts gave the Atlas Crest Investment 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 9.93, with a change in the price was noted +0.27. In a similar fashion, Atlas Crest Investment Corp. posted a movement of +2.72% for the period of last 100 days, recording 907,736 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 ACIC is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Trends and Technical analysis: Atlas Crest Investment Corp. (ACIC)
Raw Stochastic average of Atlas Crest Investment Corp. in the period of last 50 days is set at 80.23%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 80.23%. In the last 20 days, the company’s Stochastic %K was 50.28% and its Stochastic %D was recorded 36.24%.
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 1.29%. The shares increased approximately by 1.90% in the 7-day charts and went down by 2.00% in the period of the last 30 days. Common stock shares were driven by 2.72% during last recorded quarter.