Northern Lights Acquisition Corp. (NASDAQ:NLIT) went up by 1.48% from its latest closing price compared to the recent 1-year high of $11.18. The company’s stock price has collected -12.57% of loss in the last five trading sessions.
Is It Worth Investing in Northern Lights Acquisition Corp. (NASDAQ :NLIT) Right Now?
Northern Lights Acquisition Corp. (NASDAQ:NLIT) scored a price-to-earnings ratio above its average ratio, recording 65.44 x from its present earnings ratio. Opinions of the stock are interesting as 0 analysts out of 0 who provided ratings for Northern Lights Acquisition Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
NLIT currently public float of 11.50M and currently shorts hold a 0.46% ratio of that float. Today, the average trading volume of NLIT was 61.99K shares.
NLIT’s Market Performance
NLIT stocks went down by -12.57% for the week, with a monthly drop of -12.32% and a quarterly performance of -12.06%. The volatility ratio for the week stands at 5.91% while the volatility levels for the past 30 days are set at 1.49% for Northern Lights Acquisition Corp. The simple moving average for the period of the last 20 days is -11.72% for NLIT stocks with a simple moving average of -11.69% for the last 200 days.
NLIT Trading at -12.10% from the 50-Day Moving Average
After a stumble in the market that brought NLIT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.39% of loss for the given period.
Volatility was left at 1.49%, however, over the last 30 days, the volatility rate increased by 5.91%, as shares sank -12.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.25% lower at present.
During the last 5 trading sessions, NLIT fell by -12.57%, in comparison to the 20-day moving average, which settled at $10.02. In addition, Northern Lights Acquisition Corp. saw -11.62% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NLIT
Equity return is now at value 1.80, with 1.70 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.92.