RMG Acquisition Corp. (RMG) and the Battle of Fundamentals vs. Technicals

RMG Acquisition Corp. (NYSE:RMG) went up by 7.98% from its latest closing price compared to the recent 1-year high of $10.90. The company’s stock price has collected 7.58% of gains in the last five trading sessions.

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Is It Worth Investing in RMG Acquisition Corp. (NYSE :RMG) Right Now?

RMG Acquisition Corp. (NYSE:RMG) scored a price-to-earnings ratio above its average ratio, recording 216.98 x from its present earnings ratio. Opinions of the stock are interesting as 0 analysts out of 0 who provided ratings for RMG Acquisition Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”


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RMG currently public float of 23.00M and currently shorts hold a 1.08% ratio of that float. Today, the average trading volume of RMG was 89.06K shares.

RMG’s Market Performance

RMG stocks went up by 7.58% for the week, with a monthly jump of 12.86% and a quarterly performance of 12.75%. The volatility ratio for the week stands at 3.55% while the volatility levels for the past 30 days are set at 2.00% for RMG Acquisition Corp.. The simple moving average for the period of the last 20 days is 8.76% for RMG stocks with a simple moving average of 13.97% for the last 200 days.

RMG Trading at 10.81% from the 50-Day Moving Average

After a stumble in the market that brought RMG to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 5.50% of gains for the given period.

Volatility was left at 2.00%, however, over the last 30 days, the volatility rate increased by 3.55%, as shares surge +11.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.05% upper at present.

During the last 5 trading sessions, RMG rose by +7.58%, which changed the moving average for the period of 200-days by +16.51% in comparison to the 20-day moving average, which settled at $10.63. In addition, RMG Acquisition Corp. saw 15.23% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at RMG starting from GLAZER CAPITAL, LLC, who sale 10,000 shares at the price of $10.85 back on Sep 22. After this action, GLAZER CAPITAL, LLC now owns 2,800,432 shares of RMG Acquisition Corp., valued at $108,500 using the latest closing price.

GLAZER CAPITAL, LLC, the 10% Owner of RMG Acquisition Corp., sale 1,171 shares at $10.85 during a trade that took place back on Sep 21, which means that GLAZER CAPITAL, LLC is holding 2,810,432 shares at $12,705 based on the most recent closing price.

Stock Fundamentals for RMG

The total capital return value is set at -0.97, while invested capital returns managed to touch 1.85. Equity return is now at value 0.70, with 0.60 for asset returns.

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The liquidity ratio also appears to be rather interesting for investors as it stands at 2.87.

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