At the end of the latest market close, Spring Valley Acquisition Corp. (SV) was valued at $8.99. In that particular session, Stock kicked-off at the price of $9.26 while reaching the peak value of $9.26 and lowest value recorded on the day was $8.95. The stock current value is $9.92.Recently in News on October 14, 2021, AeroFarms and Spring Valley Acquisition Corp. Mutually Agree to Terminate Business Combination Agreement. Dream Holdings, Inc. (“AeroFarms”), a certified B Corporation and leader in indoor vertical farming, and Spring Valley Acquisition Corp. (“Spring Valley”) (Nasdaq: SV, SVSVW, SVSVU), a publicly traded special purpose acquisition company, announced today that both companies have mutually agreed to terminate their previously announced agreement and plan of merger (the “Business Combination Agreement”), effective immediately. Neither party will be required to pay the other a termination fee as a result of the mutual decision to terminate the Business Combination Agreement. 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, Spring Valley Acquisition Corp. shares are logging -19.15% during the 52-week period from high price, and 15.89% 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 $8.56 and $12.27.
The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 1598703 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 Spring Valley Acquisition Corp. (SV) recorded performance in the market was -11.17%, having the revenues showcasing -10.10% 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 257.92M.
Specialists analysis on Spring Valley Acquisition Corp. (SV)
During the last month, 0 analysts gave the Spring Valley 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 9.75, with a change in the price was noted -0.02. In a similar fashion, Spring Valley Acquisition Corp. posted a movement of -0.25% for the period of last 100 days, recording 209,518 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 SV 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: Spring Valley Acquisition Corp. (SV)
Raw Stochastic average of Spring Valley Acquisition Corp. in the period of last 50 days is set at 67.07%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 73.14%. In the last 20 days, the company’s Stochastic %K was 39.80% and its Stochastic %D was recorded 28.93%.
Now, considering the stocks previous presentation, 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 -11.17%. The shares increased approximately by 2.39% in the 7-day charts and went up by -1.53% in the period of the last 30 days. Common stock shares were lifted by -10.10% during last recorded quarter.