Investcorp India Acquisition Corp (NASDAQ: IVCA) has a higher price-to-earnings ratio of 36.94x compared to its average ratio. IVCA has 36-month beta value of 0.00.
The public float for IVCA is 9.79M, and currently, short sellers hold a 0.00% ratio of that float. The average trading volume of IVCA on July 30, 2024 was 70.23K shares.
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IVCA) stock’s latest price update
Investcorp India Acquisition Corp (NASDAQ: IVCA) has experienced a decline in its stock price by -0.18 compared to its previous closing price of 11.41. headlinesoftoday.com reported 2024-03-07 that India’s apex industry body for alternative assets, the Indian Venture and Alternate Capital Association (IVCA), hosted the 13th edition of its flagship event, the IVCA Conclave in Mumbai on February 26–27, 2024. IVCA Conclave 2024 gathered industry stalwarts, including limited partners (LPs), private equity firms (PEs), venture capitalists (VCs), family offices, and distinguished government …
IVCA’s Market Performance
IVCA’s stock has fallen by 0.00% in the past week, with a monthly rise of 0.53% and a quarterly rise of 2.34%. The volatility ratio for the week is 0.29% while the volatility levels for the last 30 days are 0.41% for Investcorp India Acquisition Corp The simple moving average for the past 20 days is 0.23% for IVCA’s stock, with a 3.93% simple moving average for the past 200 days.
IVCA Trading at 0.74% from the 50-Day Moving Average
After a stumble in the market that brought IVCA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.25% of loss for the given period.
Volatility was left at 0.41%, however, over the last 30 days, the volatility rate increased by 0.29%, as shares surge +0.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.61% upper at present.
During the last 5 trading sessions, IVCA rose by +0.09%, which changed the moving average for the period of 200-days by +7.30% in comparison to the 20-day moving average, which settled at $11.36. In addition, Investcorp India Acquisition Corp saw 3.64% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for IVCA
The total capital return value is set at -0.02. Equity return is now at value 3.80, with 3.74 for asset returns.
Based on Investcorp India Acquisition Corp (IVCA), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -0.38. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -0.7.
Currently, EBITDA for the company is -1.77 million with net debt to EBITDA at -0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.09.
Conclusion
To put it simply, Investcorp India Acquisition Corp (IVCA) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
