Switchback Energy Acquisition Corporation (NYSE:SBE) concluded the trading on Thursday, Oct 15, with a rise of 1.95% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $14.85 and 5Y monthly beta was reading 0 with its price kept floating in the range of $14.45 and $15.20 on the day. Company’s P/E ratio for the trailing 12 months is 0. Considering stock’s 52-week price range provides that SBE hit a high price of $16.45 and saw its price falling to a low level of $9.38 during that period. Over a period of past 1-month, stock came adding 13.83% in its value.
In last 7 days, analysts came adjusting their opinions about stock’s EPS with nil upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review SBE stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 100% Buy for it.
Having a second look at Switchback Energy Acquisition Corporation (NYSE:SBE) provides that stock’s average daily trading volume for 3 months was 1.58 Million, while it jumped to 2.96 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock currently stood at 31.41 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 0% while it is 54.44% for the institutional holders. The figures also indicate that as of September 29, 2020, number of stock’s short shares was 1020000 which implies a short ratio of 0.33. This shows up a 2.6% of Short Interest in company’s outstanding shares on the day. In September the standing of shares short declined as it was 7.7 Million in the previous month. Addition of +54.49% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.