Redwoods Acquisition Corp (NASDAQ: RWOD)’s stock price has decreased by -12.25 compared to its previous closing price of 10.08. However, the company has seen a -19.59% decrease in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-19 that Redwoods Acquisition (NASDAQ: RWOD, NASDAQ: RWODU ) stock is rocketing higher on Friday alongside details from a recent shareholder meeting. The shareholder meeting took place on April 12 and saw investors in Redwoods Acquisition vote on proposals for its merger with Anew Medical.
Is It Worth Investing in Redwoods Acquisition Corp (NASDAQ: RWOD) Right Now?
The price-to-earnings ratio for Redwoods Acquisition Corp (NASDAQ: RWOD) is above average at 81.45x. The 36-month beta value for RWOD is also noteworthy at 0.19.
The public float for RWOD is 1.06M, and at present, short sellers hold a 0.55% of that float. The average trading volume of RWOD on April 23, 2024 was 167.06K shares.
RWOD’s Market Performance
RWOD’s stock has seen a -19.59% decrease for the week, with a -8.91% drop in the past month and a -17.30% fall in the past quarter. The volatility ratio for the week is 16.91%, and the volatility levels for the past 30 days are at 11.93% for Redwoods Acquisition Corp The simple moving average for the last 20 days is -15.69% for RWOD stock, with a simple moving average of -15.20% for the last 200 days.
RWOD Trading at -16.76% from the 50-Day Moving Average
After a stumble in the market that brought RWOD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -32.48% of loss for the given period.
Volatility was left at 11.93%, however, over the last 30 days, the volatility rate increased by 16.91%, as shares sank -14.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.58% lower at present.
During the last 5 trading sessions, RWOD fell by -19.55%, which changed the moving average for the period of 200-days by -11.14% in comparison to the 20-day moving average, which settled at $10.42. In addition, Redwoods Acquisition Corp saw -17.34% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for RWOD
The total capital return value is set at -0.08. Equity return is now at value 2.16, with 1.96 for asset returns.
Based on Redwoods Acquisition Corp (RWOD), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at -0.79. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is 1.09.
Currently, EBITDA for the company is -1.3 million with net debt to EBITDA at -0.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.09.
Conclusion
In summary, Redwoods Acquisition Corp (RWOD) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as 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.
