Keen Vision Acquisition Corp (NASDAQ: KVAC)’s stock price has plunge by 0.19relation to previous closing price of 10.69. Nevertheless, the company has seen a 0.28% surge in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-05 that Medera is a clinical-stage biotechnology company focused on targeting difficult-to-treat cardiovascular diseases using a range of next-generation gene- and cell-based approaches in combination with bioengineered human mini-heart drug discovery and screening technology platforms Transaction proceeds to accelerate three most advanced clinical programs for the adeno-associated virus (AAV)-based gene therapy candidates The combined company to have an implied initial enterprise value of approximately $622.6 million Medera’s founders and key shareholders have committed approximately $22.6 million (via conversion of all shareholders loans) for this merger, with all existing Medera shareholders rolling 100% of their equity As a closing condition to the business combination, Medera shall have at least $40 million in available liquidity Anticipated closing of transaction in fourth quarter of 2024 SUMMIT, N.J. and BOSTON, Sept.
Is It Worth Investing in Keen Vision Acquisition Corp (NASDAQ: KVAC) Right Now?
Keen Vision Acquisition Corp (NASDAQ: KVAC) has a price-to-earnings ratio of 31.90x that is above its average ratio. Additionally, the 36-month beta value for KVAC is -0.01.
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The public float for KVAC is 15.61M and currently, short sellers hold a 0.09% ratio of that float. The average trading volume of KVAC on September 06, 2024 was 89.90K shares.
KVAC’s Market Performance
KVAC’s stock has seen a 0.28% increase for the week, with a 0.28% rise in the past month and a 1.78% gain in the past quarter. The volatility ratio for the week is 0.12%, and the volatility levels for the past 30 days are at 0.09% for Keen Vision Acquisition Corp The simple moving average for the past 20 days is 0.29% for KVAC’s stock, with a 2.56% simple moving average for the past 200 days.
KVAC Trading at 0.74% from the 50-Day Moving Average
After a stumble in the market that brought KVAC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.50% of loss for the given period.
Volatility was left at 0.09%, however, over the last 30 days, the volatility rate increased by 0.12%, as shares surge +0.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.42% upper at present.
During the last 5 trading sessions, KVAC rose by +0.19%, which changed the moving average for the period of 200-days by +5.41% in comparison to the 20-day moving average, which settled at $10.68. In addition, Keen Vision Acquisition Corp saw 3.64% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for KVAC
The total capital return value is set at -0.02. Equity return is now at value 8.32, with 8.15 for asset returns.
Currently, EBITDA for the company is -0.48 million with net debt to EBITDA at 0.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 19.70.
Conclusion
In conclusion, Keen Vision Acquisition Corp (KVAC) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
