Altimeter Growth Corp. (NASDAQ:AGC) went down by -2.26% from its latest closing price compared to the recent 1-year high of $18.11. The company’s stock price has collected -1.54% of loss in the last five trading sessions. Press Release reported on 11/19/21 that Altimeter Growth Corp. Announces Effectiveness of Registration Statement and Extraordinary General Meeting Date for Proposed Business Combination with Grab
Is It Worth Investing in Altimeter Growth Corp. (NASDAQ :AGC) Right Now?
Opinions of the stock are interesting as 2 analysts out of 2 who provided ratings for Altimeter Growth 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 $14.75. AGC currently public float of 41.12M and currently shorts hold a 47.20% ratio of that float. Today, the average trading volume of AGC was 3.39M shares.
AGC’s Market Performance
AGC stocks went down by -1.54% for the week, with a monthly jump of 3.95% and a quarterly performance of 29.01%. The volatility ratio for the week stands at 10.21% while the volatility levels for the past 30 days are set at 11.40% for Altimeter Growth Corp.. The simple moving average for the period of the last 20 days is -1.78% for AGC stocks with a simple moving average of 13.46% for the last 200 days.
Analysts’ Opinion of AGC
Many brokerage firms have already submitted their reports for AGC stocks, with New Street repeating the rating for AGC by listing it as a “Buy.” The predicted price for AGC in the upcoming period, according to New Street is $13 based on the research report published on October 01st of the current year 2021.
AGC Trading at 14.12% from the 50-Day Moving Average
After a stumble in the market that brought AGC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -25.84% of loss for the given period.
Volatility was left at 11.40%, however, over the last 30 days, the volatility rate increased by 10.21%, as shares surge +1.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.15% upper at present.
During the last 5 trading sessions, AGC fell by -1.54%, which changed the moving average for the period of 200-days by -6.08% in comparison to the 20-day moving average, which settled at $13.68. In addition, Altimeter Growth Corp. saw 4.43% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for AGC
Equity return is now at value -12.90, with -9.40 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 17.65.