The latest trade, Performances and Moving Averages give us the following Picture
The share price of Churchill Capital Corp IV (NYSE:CCIV) dipped -2.37% to close Tuesday’s market session at $26.38, lower as compared to yesterday’s close. The stock price fluctuated between $26.35 and $28.00 throughout the trading session with the volume trading being 9232586 shares, which represented a significant variation when compared to the three months average volume of 13.66 million shares. The firm’s stock price fluctuated -2.30% within the last five trades and 10.15% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 162.75% in the last 6 months and 7.85% was added to its value over the previous 3 months. CCIV stock is trading at a margin of 4.22%, 18.42% and 38.76% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, CCIV deals in the Financial domain. The stock is trading -59.33 percent below its 52-week high and 174.79 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 71.4. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Churchill Capital Corp IV’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $7.00 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The firm managed a Price-to-Book ratio of 7.00, which equates the market value of a stock with its book value.