Dragoneer Growth Opportunities Corp. III (DGNU) is priced at $9.83 after the most recent trading session. At the very opening of the session, the stock price was $9.79 and reached a high price of $9.899, prior to closing the session it reached the value of $9.80. The stock touched a low price of $9.78.Recently in News on June 4, 2021, Dragoneer Growth Opportunities Corp. III Provides Update on Periodic Reporting. As previously disclosed in the Form 12b-25 filed on May 18, 2021 by Dragoneer Growth Opportunities Corp. III (Nasdaq: DGNU) (the “Company”) with the U.S. Securities and Exchange Commission (the “SEC”), the Company is reevaluating the accounting treatment of the Company’s private placement warrants (the “Warrants”) and of the forward purchase agreement between the Company and Dragoneer Funding III LLC (the “Forward Purchase Agreement”), in light of the SEC’s recently issued “Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies (“SPACs”)” (the “Staff Statement”). This Staff Statement issued on April 12, 2021 informed market participants that warrants issued by SPACs and former SPACs may need to be reclassified as liabilities with non-cash fair value adjustments recorded in earnings at each reporting period. 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, Dragoneer Growth Opportunities Corp. III shares are logging -9.65% during the 52-week period from high price, and 1.34% 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 $9.70 and $10.88.
The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 2435887 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 Dragoneer Growth Opportunities Corp. III (DGNU) recorded performance in the market was -1.70%, having the revenues showcasing -1.80% 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 528.66M.
Market experts do have their say about Dragoneer Growth Opportunities Corp. III (DGNU)
During the last month, 0 analysts gave the Dragoneer Growth Opportunities Corp. III 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 9.94, with a change in the price was noted -0.28. In a similar fashion, Dragoneer Growth Opportunities Corp. III posted a movement of -2.77% for the period of last 100 days, recording 130,765 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 DGNU 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 Dragoneer Growth Opportunities Corp. III (DGNU)
Raw Stochastic average of Dragoneer Growth Opportunities Corp. III in the period of last 50 days is set at 43.33%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 47.06%. In the last 20 days, the company’s Stochastic %K was 35.29% and its Stochastic %D was recorded 36.60%.
Bearing in mind the latest performance of Dragoneer Growth Opportunities Corp. III, 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 -1.70%. The shares increased approximately by 0.10% in the 7-day charts and went up by 0.00% in the period of the last 30 days. Common stock shares were lifted by -1.80% during last recorded quarter.