Highlights from the Ratings and Financial Report for Trident Acquisitions Corp. (TDAC)

Trident Acquisitions Corp. (NASDAQ:TDAC) went up by 11.17% from its latest closing price compared to the recent 1-year high of $14.80. The company’s stock price has collected 14.67% of gains in the last five trading sessions. Press Release reported on 12/03/20 that Trident Acquisitions Announces Annual Meeting Results and Contribution to Trust Account to Extend Period to Consummate Business Combination

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Is It Worth Investing in Trident Acquisitions Corp. (NASDAQ :TDAC) Right Now?

Opinions of the stock are interesting as 0 analysts out of 0 who provided ratings for Trident Acquisitions 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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TDAC currently public float of 3.70M and currently shorts hold a 16.84% ratio of that float. Today, the average trading volume of TDAC was 638.75K shares.

TDAC’s Market Performance

TDAC stocks went up by 14.67% for the week, with a monthly jump of 29.82% and a quarterly performance of 44.37%, while its annual performance rate touched 51.60%. The volatility ratio for the week stands at 7.46% while the volatility levels for the past 30 days are set at 6.27% for Trident Acquisitions Corp.. The simple moving average for the period of the last 20 days is 17.04% for TDAC stocks with a simple moving average of 38.88% for the last 200 days.

TDAC Trading at 22.39% from the 50-Day Moving Average

After a stumble in the market that brought TDAC to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 5.61% of gains for the given period.

Volatility was left at 6.27%, however, over the last 30 days, the volatility rate increased by 7.46%, as shares surge +28.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.35% upper at present.

During the last 5 trading sessions, TDAC rose by +14.67%, which changed the moving average for the period of 200-days by +49.43% in comparison to the 20-day moving average, which settled at $13.53. In addition, Trident Acquisitions Corp. saw 30.69% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for TDAC

The total capital return value is set at -0.81, while invested capital returns managed to touch 1.87. Equity return is now at value -21.50, with -1.50 for asset returns.

Based on Trident Acquisitions Corp. (TDAC), the company’s capital structure generated 0.26 points at debt to equity in total, while total debt to capital is 0.26.

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The liquidity ratio also appears to be rather interesting for investors as it stands at 0.16.

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