ACE Convergence Acquisition Corp. (NASDAQ:ACEV) shares, dropped in value on Wednesday, Jan 13, with the stock price down by -1.5% to the previous day’s close as weak demand from buyers trailed the stock to $11.19.
Actively observing the price movement in the last trading, the stock closed the session at $11.36, falling within a range of $11.15 and $11.40. The value of beta (5-year monthly) was 0 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $12.95, and the low was $9.6. On the whole, ACEV has fluctuated by 10.25% over the past month.
Data on historical trading for ACE Convergence Acquisition Corp. (NASDAQ:ACEV) indicates that the trading volumes over the past 10 days have averaged 2.68 Million and over the past 3 months, they’ve averaged 364.5 Million. According to company’s latest data on outstanding shares, there are 23Million shares outstanding.
Nearly 0% of ACE Convergence Acquisition Corp.’s shares belong to company insiders and institutional investors own 35.71% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 96.31 Million shares as on December 30, 2020, resulting in a short ratio of 0.89. According to the data, the short interest in ACE Convergence Acquisition Corp. (ACEV) stood at 0.34% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 868Thousand. The stock has risen by +9.49% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ACEV stock heading into the next quarter.
Even if you’re not actively in crypto, you deserve to know what’s actually going on..
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets are already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.