The simple moving average for the past 20 days is 0.18% for MACI’s stock, with a 0.18% simple moving average for the past 200 days.
Is It Worth Investing in Melar Acquisition Corp. I (NASDAQ: MACI) Right Now?
The public float for MACI is 16.00M, and currently, short sellers hold a 0.01% ratio of that float. The average trading volume of MACI on August 15, 2024 was 121.13K shares.
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MACI) stock’s latest price update
Melar Acquisition Corp. I (NASDAQ: MACI) has seen a rise in its stock price by 0.05 in relation to its previous close of 9.98.
MACI Trading at 0.18% from the 50-Day Moving Average
After a stumble in the market that brought MACI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.15% of loss for the given period.
During the last 5 trading sessions, MACI remain unchanged, in comparison to the 20-day moving average. In addition, Melar Acquisition Corp. I saw 0.30% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MACI
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.00.
Conclusion
To put it simply, Melar Acquisition Corp. I (MACI) has had a mixed 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.
