The stock price of Legato Merger Corp III (AMEX: LEGT) has plunged by -0.10 when compared to previous closing price of 10.18, but the company has seen a 0.10% gain in its stock price over the last five trading sessions.
Is It Worth Investing in Legato Merger Corp III (AMEX: LEGT) Right Now?
The public float for LEGT is 20.19M, and at present, short sellers hold a 0.07% of that float. The average trading volume of LEGT on August 15, 2024 was 94.78K shares.
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LEGT’s Market Performance
The stock of Legato Merger Corp III (LEGT) has seen a 0.10% increase in the past week, with a 0.39% rise in the past month, and a 0.59% gain in the past quarter. The volatility ratio for the week is 0.20%, and the volatility levels for the past 30 days are at 0.19% for LEGT. The simple moving average for the past 20 days is 0.08% for LEGT’s stock, with a 0.54% simple moving average for the past 200 days.
LEGT Trading at 0.36% from the 50-Day Moving Average
After a stumble in the market that brought LEGT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.87% of loss for the given period.
Volatility was left at 0.19%, however, over the last 30 days, the volatility rate increased by 0.20%, as shares surge +0.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.69% upper at present.
During the last 5 trading sessions, LEGT rose by +0.10%, in comparison to the 20-day moving average, which settled at $10.16. In addition, Legato Merger Corp III saw 1.19% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for LEGT
The liquidity ratio also appears to be rather interesting for investors as it stands at 61.66.
Conclusion
In summary, Legato Merger Corp III (LEGT) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
