Trident Acquisitions Corp. (NASDAQ:TDAC) went up by 13.94% from its latest closing price compared to the recent 1-year high of $16.87. The company’s stock price has collected 5.69% of gains in the last five trading sessions. Press Release reported on 02/26/21 that Trident Acquisitions Announces Board Approval to Extend Period to Consummate Business Combination
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.”
TDAC currently public float of 3.70M and currently shorts hold a 25.13% ratio of that float. Today, the average trading volume of TDAC was 524.73K shares.
TDAC’s Market Performance
TDAC stocks went up by 5.69% for the week, with a monthly drop of -13.18% and a quarterly performance of 13.08%, while its annual performance rate touched 29.98%. The volatility ratio for the week stands at 7.28% while the volatility levels for the past 30 days are set at 9.94% for Trident Acquisitions Corp.. The simple moving average for the period of the last 20 days is 6.18% for TDAC stocks with a simple moving average of 17.90% for the last 200 days.
TDAC Trading at 4.65% 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 unable to rebound, for now settling with -19.56% of loss for the given period.
Volatility was left at 9.94%, however, over the last 30 days, the volatility rate increased by 7.28%, as shares sank -8.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.27% upper at present.
During the last 5 trading sessions, TDAC rose by +5.69%, which changed the moving average for the period of 200-days by +28.14% in comparison to the 20-day moving average, which settled at $12.72. In addition, Trident Acquisitions Corp. saw 13.46% 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.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.16.