Let’s start up with the current stock price of Horizon Acquisition Corporation (HZAC), which is $11.60 to be very precise. The Stock rose vividly during the last session to $10.48 after opening rate of $9.98 while the lowest price it went was recorded $9.98 before closing at $10.32.Recently in News on October 14, 2021, Horizon Acquisition Corp. Announces PIPE Investment by DraftKings. Horizon Acquisition Corp. (NYSE: HZAC) (“Horizon” or the “Company”) announced today that Eldridge Industries, LLC (“Eldridge”), an affiliate of Horizon’s sponsor, Horizon Sponsor, LLC, has entered into an agreement with DraftKings (NASDAQ: DKNG) to make a private placement PIPE investment in connection with the closing of the previously announced merger between Horizon and Vivid Seats. The investment will be part of the previously announced PIPE financing for the transaction, with DraftKings assuming a portion of Eldridge’s commitment. The closing of the investment is conditioned upon completion of the business combination between Horizon and Vivid Seats, which is subject to approval of Horizon’s shareholders. You can read further details here
Horizon Acquisition Corporation had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $11.65 on 10/14/21, with the lowest value was $9.64 for the same time period, recorded on 03/25/21.
Horizon Acquisition Corporation (HZAC) full year performance was 3.20%
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, Horizon Acquisition Corporation shares are logging 2.29% during the 52-week period from high price, and 24.93% 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 $9.28 and $11.34.
The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 1192159 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 Horizon Acquisition Corporation (HZAC) recorded performance in the market was 2.99%, having the revenues showcasing 3.93% 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 702.38M.
Horizon Acquisition Corporation (HZAC) in the eye of market guru’s
During the last month, 0 analysts gave the Horizon Acquisition Corporation 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 9.98, with a change in the price was noted +1.63. In a similar fashion, Horizon Acquisition Corporation posted a movement of +16.34% for the period of last 100 days, recording 377,101 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 HZAC is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Horizon Acquisition Corporation (HZAC): Stocks Technical analysis and Trends
Raw Stochastic average of Horizon Acquisition Corporation in the period of last 50 days is set at 97.29%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 97.29%. In the last 20 days, the company’s Stochastic %K was 84.07% and its Stochastic %D was recorded 80.65%.
If we look into the earlier routines of Horizon Acquisition Corporation, 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 2.99%. Additionally, trading for the stock in the period of the last six months notably improved by 4.14%, alongside a boost of 3.20% for the period of the last 12 months. The shares increased approximately by 3.41% in the 7-day charts and went down by 3.51% in the period of the last 30 days. Common stock shares were driven by 3.93% during last recorded quarter.