The stock of Arrowroot Acquisition Corp (NASDAQ: AILE) has decreased by -44.44 when compared to last closing price of 18.00.Despite this, the company has seen a loss of -21.69% in its stock price over the last five trading days. Schwab Network reported 2024-04-17 that iLearningEngines began trading today under ticker symbol AILE. CEO Harish Chidambaram joins Caroline Woods to give an overview of the company as it recently completed a SPAC merger with Arrowroot.
Is It Worth Investing in Arrowroot Acquisition Corp (NASDAQ: AILE) Right Now?
The 36-month beta value for AILE is at -0.31.
The public float for AILE is 4.45M, and currently, shorts hold a 0.23% of that float. The average trading volume for AILE on April 18, 2024 was 27.28K shares.
AILE’s Market Performance
AILE’s stock has seen a -21.69% decrease for the week, with a -9.09% drop in the past month and a -4.87% fall in the past quarter. The volatility ratio for the week is 19.93%, and the volatility levels for the past 30 days are at 18.94% for Arrowroot Acquisition Corp The simple moving average for the past 20 days is -16.56% for AILE’s stock, with a -6.00% simple moving average for the past 200 days.
AILE Trading at -10.55% from the 50-Day Moving Average
After a stumble in the market that brought AILE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -50.00% of loss for the given period.
Volatility was left at 18.94%, however, over the last 30 days, the volatility rate increased by 19.93%, as shares sank -7.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.85% lower at present.
During the last 5 trading sessions, AILE fell by -21.69%, which changed the moving average for the period of 200-days by -2.68% in comparison to the 20-day moving average, which settled at $11.94. In addition, Arrowroot Acquisition Corp saw -4.49% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for AILE
Equity return is now at value -3.02, with -2.68 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.02.
Conclusion
In conclusion, Arrowroot Acquisition Corp (AILE) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
