CIIG Merger Corp. (NASDAQ:CIIC) went down by -9.67% from its latest closing price compared to the recent 1-year high of $37.18. The company’s stock price has collected -17.41% of loss in the last five trading sessions. Press Release reported on 03/01/21 that CIIG Merger Corp. Announces Registration Statement in Connection With Its Proposed Business Combination With Arrival S.Ã r.l. Has Been Declared Effective and Sets the Record Date and Meeting Date for the Special Meeting of Stockholders
Is It Worth Investing in CIIG Merger Corp. (NASDAQ :CIIC) Right Now?
Opinions of the stock are interesting as 1 analysts out of 1 who provided ratings for CIIG Merger Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $50.00. CIIC currently public float of 24.22M and currently shorts hold a 10.28% ratio of that float. Today, the average trading volume of CIIC was 2.55M shares.
CIIC’s Market Performance
CIIC stocks went down by -17.41% for the week, with a monthly drop of -28.42% and a quarterly performance of -5.77%. The volatility ratio for the week stands at 11.35% while the volatility levels for the past 30 days are set at 8.20% for CIIG Merger Corp.. The simple moving average for the period of the last 20 days is -21.22% for CIIC stocks with a simple moving average of 30.46% for the last 200 days.
Analysts’ Opinion of CIIC
Many brokerage firms have already submitted their reports for CIIC stocks, with Wolfe Research repeating the rating for CIIC by listing it as a “Outperform.” The predicted price for CIIC in the upcoming period, according to Wolfe Research is $50 based on the research report published on January 14th of the current year 2021.
CIIC Trading at -24.69% from the 50-Day Moving Average
After a stumble in the market that brought CIIC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -44.24% of loss for the given period.
Volatility was left at 8.20%, however, over the last 30 days, the volatility rate increased by 11.35%, as shares sank -25.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.82% lower at present.
During the last 5 trading sessions, CIIC fell by -17.41%, which changed the moving average for the period of 200-days by +109.39% in comparison to the 20-day moving average, which settled at $25.96. In addition, CIIG Merger Corp. saw -26.28% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CIIC
The total capital return value is set at -2.50, while invested capital returns managed to touch -2.13. Equity return is now at value -2.10, with -2.00 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.08.