The latest trade, Performances and Moving Averages give us the following Picture
The share price of Starboard Value Acquisition Corp. (NASDAQ:SVAC) raised 0.20% to close Wednesday’s market session at $9.98, higher as compared to yesterday’s close. The stock price fluctuated between $9.96 and $9.985 throughout the trading session with the volume trading being 2493001 shares, which represented a significant variation when compared to the three months average volume of 452.41K shares. The firm’s stock price fluctuated 0.20% within the last five trades and -0.30% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -7.16% in the last 6 months and 0.40% was added to its value over the previous 3 months. SVAC stock is trading at a margin of -0.43%, 0.01% and -1.89% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, SVAC deals in the Financial domain. The stock is trading -16.83 percent below its 52-week high and 3.42 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 0.98. 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 Starboard Value Acquisition Corp.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $923.05 million 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 1.43, which equates the market value of a stock with its book value.