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Is a Correction Looming Ahead for Lazard Growth Acquisition Corp. I (LGAC)

Lazard Growth Acquisition Corp. I (NASDAQ:LGAC) changed by 0.00% from its latest closing price compared to the recent 1-year high of $10.55.

Is It Worth Investing in Lazard Growth Acquisition Corp. I (NASDAQ :LGAC) Right Now?

Lazard Growth Acquisition Corp. I (NASDAQ:LGAC) scored a price-to-earnings ratio above its average ratio, recording 52.00 x from its present earnings ratio. Opinions of the stock are interesting as 0 analysts out of 0 who provided ratings for Lazard Growth Acquisition Corp. I 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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LGAC currently public float of 57.50M and currently shorts hold a 0.01% ratio of that float. Today, the average trading volume of LGAC was 244.48K shares.

LGAC’s Market Performance

LGAC stocks went down by 0.00% for the week, with a monthly jump of 0.65% and a quarterly performance of 1.96%, while its annual performance rate touched 3.89%. The volatility ratio for the week stands at 0.18% while the volatility levels for the past 30 days are set at 0.37% for Lazard Growth Acquisition Corp. I. The simple moving average for the period of the last 20 days is 0.29% for LGAC stocks with a simple moving average of 2.33% for the last 200 days.

LGAC Trading at 0.78% from the 50-Day Moving Average

After a stumble in the market that brought LGAC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.89% of loss for the given period.

Volatility was left at 0.37%, however, over the last 30 days, the volatility rate increased by 0.18%, as shares surge +0.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.45% upper at present.

During the last 5 trading sessions, LGAC remain unchanged, which changed the moving average for the period of 200-days by +3.26% in comparison to the 20-day moving average, which settled at $10.11. In addition, Lazard Growth Acquisition Corp. I saw 0.40% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for LGAC

Equity return is now at value 2.60, with 2.40 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 0.28.