Netfin Acquisition Corp. (NASDAQ:NFIN) traded at $12.74 at last check on Friday, Oct 16, making an upward move of 4.17% on its previous day’s price.
Looking at the stock we see that its previous close was $12.23 and the beta (5Y monthly) reads 0 with the day’s price range being $12.40 – 12.89. The company has a 12-month trailing PE ratio of 159.25. In terms of its 52-week price range, NFIN has a high of $12.45 and a low of $8.7. The company’s stock has gained about 21.33% over that past 30 days.
There have been no upward or downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the NFIN stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 1 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, none have rated the Netfin Acquisition Corp. (NFIN) stock as a Hold, while 1 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the NFIN stock currently stands at 0, and the current price level is 17.99% off its SMA20 and 20.67% from its 50-day simple moving average. The RSI (14) is pointing at 87.13 while the volatility over the past week is 3.6% and drops to 2.64% over the past one month. The beta value is 0, while the average true range (ATR) is currently pointing at 0.33. The average price target for the stock over the next 12 months is $18, with the estimates having a low of $18 and a high of $18. These price ends are 41.29% and +41.29% off the current price level respectively, although investors could be excited at the prospect of a +41.29% if the NFIN share price touches on the median price of $18.
Coming back to Netfin Acquisition Corp. (NASDAQ:NFIN), we note that the average 3-month trading volume was 636.2 Million, while that of the preceding 10-day period stands at 1.39 Million. Current shares outstanding are 25.98 Million.
According to data from Thomson Reuters, insiders hold 2.62% of the company’s shares while institutions hold 57.69%. The data shows that short shares as of September 29, 2020, stood at 51.42 Million at a short ratio of 0.13. This represents a 0.16% Short interest in Shares outstanding on September 29, 2020. Shares short dropped in September from the previous month at 94.75 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +28.04% up in year-to-date price movement.